Soluna (NASDAQ:SLNH) Rating Increased to Hold at Zacks Research

Soluna (NASDAQ:SLNH) was upgraded by investment analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also recently issued reports on SLNH. HC Wainwright began coverage on Soluna in a research report on Monday. They issued a “buy” rating and a $4.00 price objective on the stock. Wall Street Zen raised Soluna from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings upgraded Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.00.

Soluna Trading Down 5.1%

Shares of NASDAQ SLNH opened at $1.30 on Tuesday. The firm’s 50 day moving average price is $1.51 and its 200-day moving average price is $1.25. Soluna has a 52-week low of $0.41 and a 52-week high of $5.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $205.07 million, a PE ratio of -0.80 and a beta of 5.11.

Soluna (NASDAQ:SLNH) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $9.39 million for the quarter. Soluna had a negative net margin of 190.87% and a negative return on equity of 64.80%. On average, equities research analysts expect that Soluna will post -0.45 EPS for the current fiscal year.

Insider Activity at Soluna

In other news, CFO Michael Picchi acquired 100,000 shares of Soluna stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $1.63 per share, for a total transaction of $163,000.00. Following the completion of the transaction, the chief financial officer owned 1,381,250 shares in the company, valued at $2,251,437.50. The trade was a 7.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SLNH. Focus Partners Wealth bought a new stake in shares of Soluna during the 3rd quarter valued at about $25,000. Matauro LLC purchased a new stake in shares of Soluna during the 4th quarter valued at about $28,000. Squarepoint Ops LLC bought a new position in shares of Soluna in the 4th quarter worth approximately $30,000. Scientech Research LLC bought a new position in shares of Soluna in the 3rd quarter worth approximately $31,000. Finally, Azora Capital LP boosted its holdings in shares of Soluna by 97.7% in the fourth quarter. Azora Capital LP now owns 29,369 shares of the company’s stock worth $34,000 after buying an additional 14,513 shares during the last quarter. 23.19% of the stock is owned by hedge funds and other institutional investors.

Soluna News Roundup

Here are the key news stories impacting Soluna this week:

• Positive Sentiment: HC Wainwright reiterated a Buy rating on Soluna and kept a $4.00 price target, signaling meaningful upside from current levels. Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright
• Positive Sentiment: The firm’s estimates suggest Soluna’s losses should narrow over time, with FY2027 EPS projected at $(0.27) and quarterly losses around $(0.07), which could support the bullish long-term view. Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright
• Neutral Sentiment: HC Wainwright also published detailed FY2026 and FY2027 EPS estimates, adding more visibility into Soluna’s path forward, but the new forecasts themselves do not appear to be a major fresh catalyst. Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright
• Negative Sentiment: The analyst estimates still call for continued losses in 2026 and 2027, reinforcing that Soluna remains an unprofitable growth story and limiting enthusiasm. Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright

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.