1,725,000 Shares in Soluna Holdings, Inc. $SLNH Purchased by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP acquired a new position in shares of Soluna Holdings, Inc. (NASDAQ:SLNH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,725,000 shares of the company’s stock, valued at approximately $2,018,000.

Other institutional investors have also added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new stake in Soluna during the 4th quarter worth about $30,000. Renaissance Technologies LLC purchased a new stake in Soluna during the 4th quarter worth about $299,000. Jane Street Group LLC lifted its holdings in Soluna by 989.3% during the 4th quarter. Jane Street Group LLC now owns 665,649 shares of the company’s stock worth $779,000 after purchasing an additional 604,540 shares in the last quarter. Heights Capital Management Inc. purchased a new stake in Soluna during the 4th quarter worth about $2,391,000. Finally, Geode Capital Management LLC lifted its holdings in Soluna by 756.0% during the 4th quarter. Geode Capital Management LLC now owns 1,889,533 shares of the company’s stock worth $2,211,000 after purchasing an additional 1,668,801 shares in the last quarter. Hedge funds and other institutional investors own 23.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on SLNH shares. Weiss Ratings raised Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 12th. Wall Street Zen raised Soluna from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Soluna has a consensus rating of “Hold” and a consensus target price of $5.00.

Soluna Stock Performance

NASDAQ:SLNH opened at $1.77 on Thursday. The business’s 50-day moving average price is $1.49 and its two-hundred day moving average price is $1.29. Soluna Holdings, Inc. has a twelve month low of $0.42 and a twelve month high of $5.14. The stock has a market cap of $279.22 million, a P/E ratio of -1.09 and a beta of 5.08. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.16.

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

Insider Buying and Selling at Soluna

In other Soluna news, CFO Michael Picchi purchased 100,000 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $1.63 per share, with a total value of $163,000.00. Following the acquisition, the chief financial officer directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.10% of the stock is currently owned by insiders.

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.