Soluna (NASDAQ:SLNH) Downgraded to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Soluna (NASDAQ:SLNH) from a "hold" to a "sell" rating in a research note issued Saturday.
• Analyst coverage is mixed—HC Wainwright recently upgraded to a buy with a $5.00 target while Weiss reaffirmed a sell; MarketBeat shows an average rating of Hold and an average target of $5.00.
• Shares trade around $0.71 (52-week range $0.36–$5.14) with a market cap of about $78.9M, but the company shows weak profitability (negative ROE and a net margin of -274%), indicating high volatility and financial stress.

Soluna (NASDAQ:SLNH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Soluna in a research note on Monday, December 29th. HC Wainwright raised shares of 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 analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $5.00.

Soluna Price Performance

Shares of SLNH opened at $0.71 on Friday. Soluna has a 52 week low of $0.36 and a 52 week high of $5.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $78.89 million, a price-to-earnings ratio of -0.08 and a beta of 4.26. The stock's 50-day moving average price is $0.88 and its 200-day moving average price is $1.68.

Soluna (NASDAQ:SLNH - Get Free Report) last announced its quarterly earnings results on Saturday, March 28th. The company reported $0.91 earnings per share for the quarter. Soluna had a negative return on equity of 170.50% and a negative net margin of 274.18%.The company had revenue of $9.21 million during the quarter.

Hedge Funds Weigh In On Soluna

A number of hedge funds have recently bought and sold shares of SLNH. Vident Advisory LLC acquired a new stake in Soluna in the fourth quarter valued at approximately $67,000. XTX Topco Ltd raised its stake in shares of Soluna by 59.3% during the 4th quarter. XTX Topco Ltd now owns 128,294 shares of the company's stock worth $150,000 after buying an additional 47,781 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Soluna during the 4th quarter valued at approximately $200,000. 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 buying an additional 14,513 shares in the last quarter. Finally, Ardsley Advisory Partners LP acquired a new stake in Soluna in the 4th quarter valued at $2,018,000. Hedge funds and other institutional investors own 23.19% of the company's stock.

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.

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