FY2026 Earnings Estimate for Soluna Issued By HC Wainwright

Soluna Holdings, Inc. (NASDAQ:SLNH) – Equities researchers at HC Wainwright issued their FY2026 earnings per share estimates for shares of Soluna in a research note issued to investors on Monday, July 20th. HC Wainwright analyst M. Colonnese anticipates that the company will post earnings per share of ($0.45) for the year. HC Wainwright currently has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Soluna’s current full-year earnings is ($0.45) per share.

A number of other analysts have also recently issued reports on SLNH. Weiss Ratings upgraded Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a report 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. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.00.

Soluna Stock Performance

Soluna stock opened at $1.30 on Wednesday. The stock’s 50-day moving average is $1.51 and its 200-day moving average is $1.25. The company has a market cap of $205.07 million, a price-to-earnings ratio of -0.80 and a beta of 5.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 1.75. Soluna has a 12 month low of $0.41 and a 12 month high of $5.14.

Soluna (NASDAQ:SLNH) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.24) earnings per share (EPS) 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%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth bought a new stake in shares of Soluna in the 3rd quarter worth about $25,000. Scientech Research LLC acquired a new stake in shares of Soluna in the 3rd quarter valued at about $31,000. Matauro LLC acquired a new stake in shares of Soluna in the 4th quarter valued at about $28,000. Squarepoint Ops LLC bought a new position in shares of Soluna during the fourth quarter worth about $30,000. Finally, Azora Capital LP lifted its position in shares of Soluna by 97.7% during the fourth quarter. Azora Capital LP now owns 29,369 shares of the company’s stock worth $34,000 after purchasing an additional 14,513 shares during the last quarter. 23.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Soluna

In related news, CFO Michael Picchi purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $1.63 per share, for a total transaction 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. This represents a 7.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.10% of the company’s stock.

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.