What is HC Wainwright’s Estimate for Soluna Q2 Earnings?

Soluna Holdings, Inc. (NASDAQ:SLNH) – Equities research analysts at HC Wainwright issued their Q2 2026 earnings per share estimates for Soluna in a research report issued to clients and investors on Monday, July 20th. HC Wainwright analyst M. Colonnese expects that the company will post earnings of ($0.11) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $4.00 price target on the stock. HC Wainwright also issued estimates for Soluna’s Q3 2026 earnings at ($0.08) EPS, Q4 2026 earnings at ($0.08) EPS, Q1 2027 earnings at ($0.07) EPS, Q2 2027 earnings at ($0.07) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.07) EPS and FY2027 earnings at ($0.27) EPS.

A number of other analysts have also recently commented on the stock. Weiss Ratings raised shares of Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 12th. Wall Street Zen upgraded 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.00.

Soluna Price Performance

Shares of SLNH opened at $1.36 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. The firm has a market cap of $214.54 million, a P/E ratio of -0.83 and a beta of 5.11. The stock’s 50 day moving average is $1.53 and its two-hundred day moving average is $1.25. Soluna has a 12 month low of $0.41 and a 12 month high of $5.14.

Soluna (NASDAQ:SLNH) last issued its earnings results on Friday, May 15th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $9.39 million during the quarter. Soluna had a negative net margin of 190.87% and a negative return on equity of 64.80%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SLNH. Heights Capital Management Inc. purchased a new stake in shares of Soluna in the fourth quarter valued at approximately $2,391,000. Ardsley Advisory Partners LP purchased a new position in Soluna during the fourth quarter worth approximately $2,018,000. Geode Capital Management LLC boosted its stake in Soluna by 756.0% during the fourth quarter. Geode Capital Management LLC now owns 1,889,533 shares of the company’s stock worth $2,211,000 after buying an additional 1,668,801 shares during the last quarter. Jane Street Group LLC boosted its stake in Soluna by 989.3% during the fourth quarter. Jane Street Group LLC now owns 665,649 shares of the company’s stock worth $779,000 after buying an additional 604,540 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Soluna by 226.4% during the first quarter. Renaissance Technologies LLC now owns 835,277 shares of the company’s stock worth $590,000 after buying an additional 579,335 shares during the last quarter. 23.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Soluna

In other Soluna news, CFO Michael Picchi purchased 100,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $1.63 per share, for a total transaction of $163,000.00. Following the completion of the transaction, the chief financial officer owned 1,381,250 shares of the company’s stock, valued at $2,251,437.50. The trade was a 7.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 10.10% of the company’s stock.

Key Soluna News

Here are the key news stories impacting Soluna this week:

• Positive Sentiment: HC Wainwright started coverage on Soluna with a Buy rating and a $4.00 price target, implying substantial upside from current levels and signaling analyst confidence in the company’s longer-term growth prospects.
• Neutral Sentiment: The same firm also issued earnings estimates for 2026 and 2027, all of which point to continued losses, but the projected deficit is relatively modest and appears consistent across periods.
• Neutral Sentiment: Investors also saw a head-to-head comparison article on Soluna and another company, but it does not appear to contain a direct company-specific catalyst for the stock. Soluna (NASDAQ:SLNH) and RENISHAW PLC 20 (OTCMKTS:RNSHF) Head-To-Head Analysis

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.