Soluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report)’s share price dropped 5.7% during mid-day trading on Friday . The stock traded as low as $9.23 and last traded at $9.50. Approximately 17,936 shares were traded during trading, a decline of 0% from the average session volume of 18,014 shares. The stock had previously closed at $10.07.
Soluna Stock Down 5.7%
The company’s 50 day moving average price is $10.73 and its 200 day moving average price is $9.58.
About Soluna
Soluna Holdings, Inc is a renewable energy infrastructure and computing company focused on pairing underutilized clean power sources with high-performance computing applications. Through its proprietary modular data center technology, Soluna develops and operates facilities that can scale computing workloads for blockchain, machine learning, scientific research and other power-intensive tasks. The company’s platform is designed to balance grid stability by drawing on wind and solar resources during periods of surplus generation.
One of Soluna’s flagship initiatives is a development project near Tangier, Morocco, where the company has rights to construct and operate up to 250 megawatts of wind-powered generation capacity alongside its scalable data center modules.
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