Soluna (NASDAQ:SLNH) Issues Earnings Results

Soluna (NASDAQ:SLNH) announced its quarterly earnings data on Friday. The company reported ($0.24) EPS for the quarter, Zacks reports. Soluna had a negative return on equity of 71.50% and a negative net margin of 179.73%.

Soluna Price Performance

Shares of NASDAQ SLNH traded up $0.06 during midday trading on Friday, reaching $2.22. The company’s stock had a trading volume of 37,904,169 shares, compared to its average volume of 31,647,210. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.87 and a current ratio of 1.87. Soluna has a fifty-two week low of $0.41 and a fifty-two week high of $5.14. The business’s 50 day moving average price is $1.07 and its two-hundred day moving average price is $1.42. The company has a market cap of $313.80 million, a P/E ratio of -0.25 and a beta of 5.15.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SLNH. Focus Partners Wealth acquired a new position in Soluna during the third quarter valued at approximately $25,000. Millennium Management LLC acquired a new position in Soluna during the third quarter valued at approximately $471,000. Scientech Research LLC acquired a new position in Soluna during the third quarter valued at approximately $31,000. Geode Capital Management LLC raised its position in Soluna by 756.0% during the fourth quarter. Geode Capital Management LLC now owns 1,889,533 shares of the company’s stock valued at $2,211,000 after purchasing an additional 1,668,801 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Soluna during the fourth quarter worth about $299,000. 23.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Soluna from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One 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 company has a consensus rating of “Hold” and an average price target of $5.00.

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.