Soluna (NASDAQ:SLNH) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Soluna (NASDAQ:SLNH) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Other analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (e+)” rating on shares of Soluna in a report on Monday, December 29th. HC Wainwright upgraded Soluna from a “neutral” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Thursday, December 11th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Soluna Stock Up 0.2%

Shares of NASDAQ SLNH opened at $0.71 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.18. The company has a market cap of $79.08 million, a price-to-earnings ratio of -0.08 and a beta of 4.26. Soluna has a 12 month low of $0.38 and a 12 month high of $5.14. The stock has a 50-day moving average price of $0.87 and a two-hundred day moving average price of $1.69.

Soluna (NASDAQ:SLNH) last issued its earnings results on Saturday, March 28th. The company reported $0.91 EPS for the quarter. The firm had revenue of $9.21 million during the quarter. Soluna had a negative return on equity of 170.50% and a negative net margin of 274.18%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth bought a new position in shares of Soluna during the 3rd quarter worth approximately $25,000. Matauro LLC bought a new stake in shares of Soluna in the 4th quarter valued at $28,000. Squarepoint Ops LLC acquired a new position in shares of Soluna during the 4th quarter valued at $30,000. Scientech Research LLC acquired a new position in shares of Soluna during the 3rd quarter valued at $31,000. Finally, Azora Capital LP lifted its position in shares of Soluna by 97.7% during the 4th quarter. Azora Capital LP now owns 29,369 shares of the company’s stock valued at $34,000 after acquiring an additional 14,513 shares during the period. 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.