William Phelan Sells 12,037 Shares of Soluna (NASDAQ:SLNH) Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) Director William Phelan sold 12,037 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $1.12, for a total transaction of $13,481.44. Following the sale, the director directly owned 2,279,985 shares in the company, valued at $2,553,583.20. The trade was a 0.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Soluna Price Performance

NASDAQ:SLNH opened at $1.20 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 2.06. The company has a 50 day moving average price of $1.22 and a 200-day moving average price of $1.22. Soluna Holdings, Inc. has a 1-year low of $0.43 and a 1-year high of $5.14. The firm has a market cap of $296.04 million, a price-to-earnings ratio of -1.07 and a beta of 5.07.

Soluna (NASDAQ:SLNH) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). The firm had revenue of $15.06 million for 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%. Equities research analysts forecast that Soluna Holdings, Inc. will post -0.41 EPS for the current year.

Analyst Ratings Changes

SLNH has been the topic of several recent analyst reports. Weiss Ratings raised shares of Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 12th. Zacks Research raised Soluna to a “hold” rating in a report on Tuesday, July 21st. Finally, HC Wainwright reiterated a “buy” rating and set a $4.00 price target on shares of Soluna in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.00.

Institutional Trading of Soluna

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