Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright

Research analysts at HC Wainwright began coverage on shares of Soluna (NASDAQ:SLNH) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $4.00 price target on the stock. HC Wainwright’s price objective indicates a potential upside of 194.12% from the stock’s previous close. HC Wainwright also issued estimates for Soluna’s Q2 2026 earnings at ($0.11) EPS, Q3 2026 earnings at ($0.08) EPS, Q4 2026 earnings at ($0.08) EPS, Q1 2027 earnings at ($0.07) EPS, Q2 2027 earnings at ($0.07) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.07) EPS and FY2027 earnings at ($0.27) EPS.

Several other research analysts also recently commented on SLNH. Weiss Ratings upgraded shares of Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 12th. Wall Street Zen upgraded shares of Soluna from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.00.

Soluna Stock Performance

NASDAQ:SLNH opened at $1.36 on Monday. Soluna has a 12 month low of $0.41 and a 12 month high of $5.14. The firm has a market cap of $214.54 million, a price-to-earnings ratio of -0.83 and a beta of 5.11. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $1.53 and its 200-day moving average is $1.25.

Soluna (NASDAQ:SLNH) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $9.39 million during the quarter. Soluna had a negative return on equity of 64.80% and a negative net margin of 190.87%.

Insider Transactions at Soluna

In other news, CFO Michael Picchi purchased 100,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $1.63 per share, for a total transaction of $163,000.00. Following the completion of the purchase, the chief financial officer directly owned 1,381,250 shares of the company’s stock, valued at approximately $2,251,437.50. The trade was a 7.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.10% of the stock is owned by corporate insiders.

Institutional Trading of Soluna

A number of hedge funds have recently modified their holdings of SLNH. Ardsley Advisory Partners LP bought a new stake in shares of Soluna during the fourth quarter valued at approximately $2,018,000. Azora Capital LP raised its stake in shares of Soluna by 97.7% in the fourth quarter. Azora Capital LP now owns 29,369 shares of the company’s stock valued at $34,000 after purchasing an additional 14,513 shares in the last quarter. Fiduciary Alliance LLC lifted its position in Soluna by 131.2% in the fourth quarter. Fiduciary Alliance LLC now owns 87,845 shares of the company’s stock worth $103,000 after purchasing an additional 49,845 shares during the period. Matauro LLC bought a new position in Soluna in the fourth quarter worth $28,000. Finally, XTX Topco Ltd lifted its position in Soluna by 59.3% in the fourth quarter. XTX Topco Ltd now owns 128,294 shares of the company’s stock worth $150,000 after purchasing an additional 47,781 shares during the period. Institutional investors own 23.19% of the company’s stock.

Soluna News Roundup

Here are the key news stories impacting Soluna this week:

• Positive Sentiment: HC Wainwright started coverage on Soluna with a Buy rating and a $4.00 price target, implying substantial upside from current levels and signaling analyst confidence in the company’s longer-term growth prospects.
• Neutral Sentiment: The same firm also issued earnings estimates for 2026 and 2027, all of which point to continued losses, but the projected deficit is relatively modest and appears consistent across periods.
• Neutral Sentiment: Investors also saw a head-to-head comparison article on Soluna and another company, but it does not appear to contain a direct company-specific catalyst for the stock. Soluna (NASDAQ:SLNH) and RENISHAW PLC 20 (OTCMKTS:RNSHF) Head-To-Head Analysis

Soluna Company Profile

Soluna Computing, Inc (NASDAQ: SLNH) is a renewable energy and computing company that develops, constructs and operates utility‐scale wind and solar projects designed to power high-performance computing workloads. By integrating power generation with data processing infrastructure, Soluna targets applications such as cryptocurrency mining, blockchain validation, artificial intelligence training and other cloud‐based or on-premises computing tasks that can flex to available renewable output.

The company manages the full project lifecycle—site selection, permitting, engineering, procurement, construction and operations—with a focus on regions that offer abundant wind or solar resources yet face limitations in grid infrastructure.