HC Wainwright Analysts Boost Earnings Estimates for Soluna

Key Points

• HC Wainwright raised its Q3 2026 EPS estimate for Soluna to a loss of $0.06 from a prior loss estimate of $0.08, while maintaining a Buy rating and $4.00 price target.
• Soluna’s latest quarterly results missed expectations, reporting a loss of $0.18 per share versus the projected loss of $0.11, with revenue of $15.06 million below the $15.70 million consensus.
• The stock opened at $1.17 and carries a broader consensus rating of Hold with a $4.00 target price; CFO Michael Picchi also purchased 100,000 shares, increasing his stake by 7.8%.

Soluna Holdings, Inc. (NASDAQ:SLNH - Free Report) - Equities researchers at HC Wainwright upped their Q3 2026 earnings per share estimates for Soluna in a note issued to investors on Monday, August 17th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings per share of ($0.06) for the quarter, up from their prior forecast of ($0.08). HC Wainwright has a "Buy" rating and a $4.00 price objective on the stock. The consensus estimate for Soluna's current full-year earnings is ($0.45) per share. HC Wainwright also issued estimates for Soluna's Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.41) EPS, Q1 2027 earnings at ($0.05) EPS, Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.06) EPS, Q4 2027 earnings at ($0.06) EPS and FY2027 earnings at ($0.23) EPS.

Soluna (NASDAQ:SLNH - Get Free Report) last posted its quarterly earnings data 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 during 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%.

Several other analysts have also issued reports on SLNH. Weiss Ratings raised Soluna from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, June 12th. Wall Street Zen upgraded shares of Soluna from a "sell" rating to a "hold" rating in a report on Saturday, April 25th. Finally, Zacks Research raised shares of Soluna to a "hold" rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.00.

Soluna Stock Performance

Shares of NASDAQ SLNH opened at $1.17 on Wednesday. The stock's 50-day moving average is $1.32 and its 200 day moving average is $1.21. The stock has a market cap of $184.56 million, a price-to-earnings ratio of -1.04 and a beta of 5.13. Soluna has a 1-year low of $0.41 and a 1-year high of $5.14. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Focus Partners Wealth purchased a new stake in Soluna in the 3rd quarter worth approximately $25,000. Scientech Research LLC purchased a new position in shares of Soluna during the third quarter valued at approximately $31,000. Avaii Wealth Management LLC purchased a new position in shares of Soluna during the second quarter valued at approximately $25,000. Azora Capital LP bought a new position in shares of Soluna during the second quarter valued at approximately $32,000. Finally, Squarepoint Ops LLC bought a new position in shares of Soluna during the fourth quarter valued at approximately $30,000. Institutional investors own 23.19% of the company's stock.

Insider Activity at Soluna

In other news, CFO Michael Picchi acquired 100,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was purchased at an average cost of $1.63 per share, with a total value of $163,000.00. Following the completion of the purchase, the chief financial officer owned 1,381,250 shares in the company, valued at approximately $2,251,437.50. The trade was a 7.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.10% 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.

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