FY2026 Earnings Forecast for Soluna Issued By HC Wainwright

Soluna Holdings, Inc. (NASDAQ:SLNH) – Analysts 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 of ($0.45) per share for the year. HC Wainwright currently has a “Buy” rating and a $4.00 target price on the stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of 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 research note on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.00.

Soluna Stock Performance

Shares of Soluna stock opened at $1.36 on Wednesday. The business has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $1.25. Soluna has a 1 year low of $0.41 and a 1 year high of $5.14. The company has a market capitalization of $214.54 million, a price-to-earnings ratio of -0.83 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 (NASDAQ:SLNH) last posted its earnings results on Friday, May 15th. The company reported ($0.24) earnings per share for the quarter. Soluna had a negative return on equity of 64.80% and a negative net margin of 190.87%.The business had revenue of $9.39 million for the quarter.

Institutional Investors Weigh In On Soluna

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

Insiders Place Their Bets

In other news, CFO Michael Picchi purchased 100,000 shares of Soluna stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of $1.63 per share, for a total transaction of $163,000.00. Following the purchase, the chief financial officer directly owned 1,381,250 shares of the company’s stock, valued at $2,251,437.50. This trade represents a 7.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.10% of the company’s stock.

Soluna News Summary

Here are the key news stories impacting Soluna this week:

• Positive Sentiment: HC Wainwright initiated coverage on Soluna with a Buy rating and a $4.00 price target, implying substantial upside from the current share price. Soluna (NASDAQ:SLNH) Coverage Initiated at HC Wainwright
• Neutral Sentiment: The firm also published multiple earnings estimates, projecting continued losses through 2026 and 2027, including FY2027 EPS of ($0.27), which reinforces that profitability is still a work in progress.
• Neutral Sentiment: Several follow-up notes repeated HC Wainwright’s quarterly estimates and same price target, suggesting the main new catalyst is still the initiation of coverage rather than a major change in fundamentals.
• Negative Sentiment: The analyst outlook still implies Soluna is expected to remain unprofitable over the forecast period, which may temper enthusiasm despite the bullish rating.

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.