Soluna (NASDAQ:SLNH – Get Free Report)‘s stock had its “buy” rating restated by HC Wainwright in a research note issued to investors on Monday,Benzinga reports. They presently have a $4.00 target price on the stock. HC Wainwright’s price objective would indicate a potential upside of 253.98% from the stock’s current price.
Several other research analysts have also recently commented on the company. Weiss Ratings raised Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of Soluna from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Soluna has an average rating of “Hold” and an average price target of $4.00.
Read Our Latest Analysis on Soluna
Soluna Price Performance
Soluna (NASDAQ:SLNH – Get Free Report) last announced 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 for 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 related news, CFO Michael Picchi acquired 100,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of $1.63 per share, with a total value of $163,000.00. Following the completion of the acquisition, the chief financial officer owned 1,381,250 shares in the company, valued at $2,251,437.50. The trade was a 7.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.10% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Soluna
Large investors have recently made changes to their positions in the company. Focus Partners Wealth acquired a new stake in shares of Soluna during the 3rd quarter worth about $25,000. Scientech Research LLC bought a new stake in Soluna during the third quarter worth about $31,000. Matauro LLC acquired a new stake in shares of Soluna during the fourth quarter worth approximately $28,000. Squarepoint Ops LLC acquired a new stake in shares of Soluna during the fourth quarter worth approximately $30,000. Finally, Azora Capital LP increased its holdings in shares of Soluna by 97.7% during the fourth quarter. Azora Capital LP now owns 29,369 shares of the company’s stock worth $34,000 after buying an additional 14,513 shares in the last quarter. Institutional investors own 23.19% of the company’s stock.
About Soluna
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.
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