Soluna (NASDAQ:SLNH) Research Coverage Started at HC Wainwright

HC Wainwright started coverage on shares of Soluna (NASDAQ:SLNH) in a research note released on Monday, MarketBeat.com reports. The firm issued a buy rating and a $4.00 target price on the stock. 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, FY2026 earnings at ($0.45) 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 have also issued reports on the stock. Wall Street Zen upgraded shares of Soluna from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings raised Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Soluna presently has a consensus rating of “Hold” and a consensus target price of $4.00.

Soluna Price Performance

Shares of NASDAQ SLNH opened at $1.30 on Monday. Soluna has a twelve month low of $0.41 and a twelve month high of $5.14. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $1.51 and a two-hundred day moving average of $1.25. The company has a market capitalization of $205.07 million, a price-to-earnings ratio of -0.80 and a beta of 5.11.

Soluna (NASDAQ:SLNH) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.24) earnings per share (EPS) for the quarter. Soluna had a negative return on equity of 64.80% and a negative net margin of 190.87%.The business had revenue of $9.39 million during the quarter. As a group, analysts expect that Soluna will post -0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Michael Picchi acquired 100,000 shares of the stock in a transaction 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 transaction, the chief financial officer owned 1,381,250 shares in the company, valued at approximately $2,251,437.50. This trade represents a 7.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.10% of the company’s stock.

Institutional Trading of Soluna

Institutional investors have recently made changes to their positions in the stock. Focus Partners Wealth bought a new stake in Soluna in the third quarter worth $25,000. Matauro LLC acquired a new position in Soluna during the fourth quarter worth $28,000. Squarepoint Ops LLC bought a new position in Soluna during the fourth quarter valued at about $30,000. Scientech Research LLC bought a new position in Soluna during the third quarter valued at about $31,000. Finally, Azora Capital LP lifted its position in shares of Soluna by 97.7% in 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 during the last quarter. 23.19% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Soluna

Here are the key news stories impacting Soluna this week:

• Positive Sentiment: HC Wainwright reiterated a Buy rating on Soluna and kept a $4.00 price target, signaling meaningful upside from current levels. Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright
• Positive Sentiment: The firm’s estimates suggest Soluna’s losses should narrow over time, with FY2027 EPS projected at $(0.27) and quarterly losses around $(0.07), which could support the bullish long-term view. Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright
• Neutral Sentiment: HC Wainwright also published detailed FY2026 and FY2027 EPS estimates, adding more visibility into Soluna’s path forward, but the new forecasts themselves do not appear to be a major fresh catalyst. Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright
• Negative Sentiment: The analyst estimates still call for continued losses in 2026 and 2027, reinforcing that Soluna remains an unprofitable growth story and limiting enthusiasm. Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright

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.