Research Analysts Offer Predictions for Soluna Q3 Earnings

Soluna Holdings, Inc. (NASDAQ:SLNH) – Analysts at HC Wainwright upped their Q3 2026 earnings estimates for Soluna in a report released on Monday, August 17th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of ($0.06) per share for the quarter, up from their previous forecast of ($0.08). HC Wainwright currently has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Soluna’s current full-year earnings is ($0.45) per share. HC Wainwright also issued estimates for Soluna’s Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.41) EPS, Q1 2027 earnings at ($0.05) EPS, Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.06) EPS, Q4 2027 earnings at ($0.06) EPS and FY2027 earnings at ($0.23) EPS.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen raised Soluna from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised Soluna to a “hold” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.00.

Soluna Stock Down 12.0%

SLNH stock opened at $1.17 on Wednesday. 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 $1.32 and its two-hundred day moving average price is $1.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $184.56 million, a price-to-earnings ratio of -1.04 and a beta of 5.13.

Soluna (NASDAQ:SLNH) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The company had revenue of $15.06 million during the quarter, compared to analysts’ expectations of $15.70 million. Soluna had a negative return on equity of 52.19% and a negative net margin of 182.16%.

Insider Transactions at Soluna

In other Soluna news, CFO Michael Picchi acquired 100,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $1.63 per share, with a total value of $163,000.00. Following the transaction, the chief financial officer owned 1,381,250 shares of the company’s stock, valued at $2,251,437.50. The trade was a 7.80% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 10.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SLNH. Heights Capital Management Inc. bought a new position in shares of Soluna during the fourth quarter valued at $2,391,000. Geode Capital Management LLC increased its holdings in Soluna by 756.0% in the 4th quarter. Geode Capital Management LLC now owns 1,889,533 shares of the company’s stock worth $2,211,000 after buying an additional 1,668,801 shares in the last quarter. Ardsley Advisory Partners LP purchased a new position in Soluna in the 4th quarter worth about $2,018,000. Renaissance Technologies LLC raised its position in Soluna by 226.4% in the 1st quarter. Renaissance Technologies LLC now owns 835,277 shares of the company’s stock worth $590,000 after buying an additional 579,335 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Soluna by 989.3% during the 4th quarter. Jane Street Group LLC now owns 665,649 shares of the company’s stock valued at $779,000 after acquiring an additional 604,540 shares during the period. 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.