Soluna (NASDAQ:SLNH) Releases Earnings Results

Soluna (NASDAQ:SLNH) issued its earnings results on Friday. The company reported ($0.24) earnings per share for the quarter, Zacks reports. Soluna had a negative return on equity of 71.50% and a negative net margin of 179.73%.The firm had revenue of $9.39 million for the quarter.

Soluna Trading Up 2.8%

Shares of Soluna stock opened at $2.22 on Friday. The stock has a fifty day simple moving average of $1.07 and a 200 day simple moving average of $1.42. Soluna has a 12-month low of $0.41 and a 12-month high of $5.14. The company has a market capitalization of $313.80 million, a P/E ratio of -0.25 and a beta of 5.15. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Focus Partners Wealth bought a new position in Soluna in the 3rd quarter valued at $25,000. Scientech Research LLC bought a new position in Soluna in the 3rd quarter valued at $31,000. Squarepoint Ops LLC bought a new position in Soluna in the 4th quarter valued at $30,000. Vident Advisory LLC bought a new position in Soluna in the 4th quarter valued at $67,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Soluna in the 4th quarter valued at $81,000. Institutional investors own 23.19% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Soluna from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.

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.