Iris Energy (NASDAQ:IREN – Get Free Report) and Soluna (NASDAQ:SLNH – Get Free Report) are both oils/energy companies, but which is the superior investment? We will compare the two companies based on the strength of their risk, analyst recommendations, earnings, valuation, profitability, dividends and institutional ownership.
Profitability
This table compares Iris Energy and Soluna’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Iris Energy | N/A | N/A | N/A |
Soluna | -75.30% | -45.29% | -24.41% |
Earnings and Valuation
This table compares Iris Energy and Soluna”s top-line revenue, earnings per share and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
Iris Energy | $188.76 million | 10.73 | -$28.95 million | N/A | N/A |
Soluna | $39.87 million | 0.72 | -$29.20 million | ($14.56) | -0.24 |
Institutional and Insider Ownership
41.1% of Iris Energy shares are owned by institutional investors. Comparatively, 23.2% of Soluna shares are owned by institutional investors. 21.5% of Iris Energy shares are owned by insiders. Comparatively, 27.3% of Soluna shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Analyst Recommendations
This is a breakdown of recent recommendations for Iris Energy and Soluna, as reported by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Iris Energy | 0 | 1 | 9 | 1 | 3.00 |
Soluna | 0 | 0 | 0 | 0 | 0.00 |
Iris Energy currently has a consensus price target of $15.44, suggesting a potential upside of 43.27%. Given Iris Energy’s stronger consensus rating and higher possible upside, equities analysts clearly believe Iris Energy is more favorable than Soluna.
Volatility and Risk
Iris Energy has a beta of 3.39, indicating that its share price is 239% more volatile than the S&P 500. Comparatively, Soluna has a beta of 2.93, indicating that its share price is 193% more volatile than the S&P 500.
Summary
Iris Energy beats Soluna on 12 of the 13 factors compared between the two stocks.
About Iris Energy
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
About Soluna
Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.
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