Soluna (NASDAQ:SLNH) Releases Quarterly Earnings Results

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

Soluna Price Performance

SLNH stock opened at $0.62 on Monday. The company has a fifty day moving average price of $0.96 and a 200 day moving average price of $1.70. Soluna has a 12 month low of $0.36 and a 12 month high of $5.14. The company has a market cap of $57.08 million, a price-to-earnings ratio of -0.07 and a beta of 4.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.18 and a quick ratio of 1.18.

Wall Street Analyst Weigh In

Several research firms have issued reports on SLNH. HC Wainwright upgraded shares of Soluna from a “neutral” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Thursday, December 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Soluna in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Soluna has an average rating of “Hold” and an average price target of $5.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new stake in shares of Soluna in the fourth quarter valued at about $200,000. XTX Topco Ltd grew its holdings in shares of Soluna by 59.3% during the fourth quarter. XTX Topco Ltd now owns 128,294 shares of the company’s stock worth $150,000 after buying an additional 47,781 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Soluna in the 4th quarter valued at about $81,000. Vident Advisory LLC acquired a new position in Soluna in the 4th quarter valued at about $67,000. Finally, Scientech Research LLC purchased a new stake in Soluna during the 3rd quarter valued at approximately $31,000. 23.19% of the stock is currently owned by institutional investors and hedge funds.

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.