SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Releases Quarterly Earnings Results

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) released its quarterly earnings results on Friday. The company reported ($1.43) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.29 million for the quarter.

Here are the key takeaways from SharonAI Holdings, Inc. Class A Common Stock’s conference call:

• SharonAI said it has now secured more than $2.2 billion of contracted TCV, driven by major wins including the $1.25 billion ESDS deal and a $950 million 5-year contract announced this week. Management also said it expects an exit-2026 revenue run rate of at least $470 million.
• The company announced an upgrade to its data center footprint, saying it now expects over 100 MW of capacity by early 2027, up from 70 MW previously. Management framed this as evidence of strong power and infrastructure access to support future demand.
• Management emphasized that its business is built around 5-year-plus, take-or-pay contracts, which they believe provide revenue visibility and encourage renewals. They also said customer contracts often include storage, which they view as a key driver of stickiness and expansion over time.
• SharonAI highlighted strong demand versus constrained GPU supply, saying it is able to bring clusters online relatively quickly through supply-chain planning and partner relationships. The company said pricing remains strong and customers are increasingly locking in longer-term capacity.
• The company said it realized a $74 million gain from exiting its Texas Critical Data Centers project, calling it a non-core but profitable development opportunity. Management said the proceeds can be recycled into the core GPU business.

SharonAI Holdings, Inc. Class A Common Stock Stock Down 3.1%

NASDAQ:SHAZ traded down $1.70 during trading hours on Friday, reaching $53.93. 498,316 shares of the company were exchanged, compared to its average volume of 463,460. SharonAI Holdings, Inc. Class A Common Stock has a 52-week low of $1.90 and a 52-week high of $178.00. The company’s 50 day moving average is $33.57.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SHAZ. Cantor Fitzgerald began coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Thursday, April 9th. They issued an “overweight” rating and a $40.00 price target on the stock. Weiss Ratings began coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Friday, February 20th. They issued a “sell (d)” rating on the stock. Wall Street Zen upgraded shares of SharonAI Holdings, Inc. Class A Common Stock from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 28th. Finally, Compass Point began coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Wednesday, April 22nd. They issued a “buy” rating and a $50.00 price target on the stock. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

SharonAI Holdings, Inc. Class A Common Stock Company Profile

SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company’s products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding.