Soluna (NASDAQ:SLNH) Issues Quarterly Earnings Results

Soluna (NASDAQ:SLNH) announced its quarterly earnings data on Saturday. The company reported $0.91 earnings per share for the quarter, FiscalAI reports. Soluna had a negative return on equity of 170.50% and a negative net margin of 274.18%.The company had revenue of $9.21 million for the quarter.

Soluna Stock Performance

SLNH opened at $0.62 on Monday. Soluna has a one year low of $0.36 and a one year high of $5.14. The stock has a market capitalization of $57.08 million, a PE ratio of -0.07 and a beta of 4.45. The business’s 50 day moving average price is $0.96 and its 200 day moving average price is $1.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.18 and a current ratio of 1.18.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SLNH. Weiss Ratings reiterated a “sell (e+)” rating on shares of Soluna in a research report on Monday, December 29th. HC Wainwright upgraded shares of Soluna from a “neutral” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.00.

Institutional Investors Weigh In On Soluna

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLNH. Fiduciary Alliance LLC acquired a new position in shares of Soluna in the 3rd quarter valued at $89,000. Azora Capital LP acquired a new stake in shares of Soluna during the 3rd quarter worth about $35,000. Focus Partners Wealth acquired a new stake in shares of Soluna during the 3rd quarter worth about $25,000. Millennium Management LLC acquired a new position in Soluna in the third quarter valued at about $471,000. Finally, Scientech Research LLC purchased a new position in Soluna during the third quarter worth about $31,000. Hedge funds and other 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.