Equities Analysts Set Expectations for Soluna Q2 Earnings

Soluna Holdings, Inc. (NASDAQ:SLNH) – HC Wainwright issued their Q2 2026 earnings per share estimates for Soluna in a report issued on Monday, July 20th. HC Wainwright analyst M. Colonnese forecasts that the company will post earnings of ($0.11) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $4.00 price target on the stock. HC Wainwright also issued estimates for Soluna’s Q3 2026 earnings at ($0.08) EPS, Q4 2026 earnings at ($0.08) 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.

A number of other brokerages also recently issued reports on SLNH. Weiss Ratings upgraded shares of Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 12th. Wall Street Zen raised shares of Soluna from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.00.

Soluna Price Performance

Shares of NASDAQ SLNH opened at $1.36 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 1.75. Soluna has a one year low of $0.41 and a one year high of $5.14. The firm has a market capitalization of $214.54 million, a P/E ratio of -0.83 and a beta of 5.11. The company’s fifty day moving average is $1.53 and its two-hundred day moving average is $1.25.

Soluna (NASDAQ:SLNH) last released 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.

Institutional Investors Weigh In On Soluna

A number of large investors have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp increased its position in Soluna by 55.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 107,100 shares of the company’s stock worth $76,000 after buying an additional 38,100 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Soluna by 226.4% in the first quarter. Renaissance Technologies LLC now owns 835,277 shares of the company’s stock worth $590,000 after acquiring an additional 579,335 shares during the last quarter. Yorkville Advisors Global LP purchased a new stake in shares of Soluna in the first quarter valued at $237,000. Vident Advisory LLC purchased a new stake in shares of Soluna in the fourth quarter valued at $67,000. Finally, XTX Topco Ltd boosted its stake in shares of Soluna by 59.3% during the fourth quarter. XTX Topco Ltd now owns 128,294 shares of the company’s stock valued at $150,000 after acquiring an additional 47,781 shares during the last quarter. Institutional investors and hedge funds own 23.19% of the company’s stock.

Insider Buying and Selling at Soluna

In other Soluna news, CFO Michael Picchi acquired 100,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $1.63 per share, with a total value of $163,000.00. Following the purchase, the chief financial officer directly 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 filing with the SEC, which is available through this link. 10.10% of the stock is currently owned by company insiders.

Key Stories Impacting Soluna

Here are the key news stories impacting Soluna this week:

• Positive Sentiment: HC Wainwright started coverage on Soluna Holdings with a Buy rating and a $4.00 target price, signaling bullish expectations and potential upside versus the current share price. Benzinga coverage
• Neutral Sentiment: The firm also published earnings estimates calling for continued losses near term, including an expected FY2027 loss of $0.27 per share, which suggests profitability may still be some time away.
• Neutral Sentiment: HC Wainwright’s quarterly estimates for 2026 and 2027 remain negative across each period, implying investors are still looking for evidence that Soluna can narrow losses and scale revenue before the stock can sustain a higher valuation.

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.