Soluna (NASDAQ:SLNH) Stock Rating Upgraded by Zacks Research

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

SLNH has been the subject of several other research reports. Wall Street Zen raised shares of Soluna from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. HC Wainwright initiated coverage on Soluna in a research report on Monday. They set a “buy” rating and a $4.00 target price for the company. Finally, Weiss Ratings raised Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 12th. One investment 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’s stock. Based on data from MarketBeat, Soluna currently has a consensus rating of “Hold” and an average price target of $4.00.

Soluna Trading Down 5.1%

Shares of SLNH opened at $1.30 on Tuesday. The company’s fifty day simple moving average is $1.51 and its 200-day simple moving average is $1.25. The company has a market cap of $205.07 million, a P/E ratio of -0.80 and a beta of 5.11. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. Soluna has a twelve month low of $0.41 and a twelve month high of $5.14.

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

Insider Transactions at Soluna

In related news, CFO Michael Picchi acquired 100,000 shares of the stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of $1.63 per share, with a total value of $163,000.00. Following the transaction, the chief financial officer directly owned 1,381,250 shares in the company, valued at approximately $2,251,437.50. This represents a 7.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 10.10% of the stock is currently owned by company insiders.

Institutional Trading of Soluna

A number of large investors have recently modified their holdings of SLNH. Focus Partners Wealth bought a new position in Soluna in the third quarter worth approximately $25,000. Scientech Research LLC bought a new stake in Soluna during the 3rd quarter valued at $31,000. Matauro LLC bought a new stake in Soluna during the 4th quarter valued at $28,000. Squarepoint Ops LLC purchased a new stake in shares of Soluna in the 4th quarter worth $30,000. Finally, Azora Capital LP lifted its holdings in shares of Soluna by 97.7% in the 4th 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 period. Hedge funds and other institutional investors own 23.19% of the company’s stock.

Key Stories Impacting Soluna

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

Soluna Company Profile

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.