Soluna Holdings, Inc. SLNH
- Market cap
- $310.9M
- P/E
- 0.0×
Follow SLNH
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.75 | 20.00 | 14.25 | 15.25 | 10.75 | 80.00 | 6.25 | 2.09 | 1.40 | 0.36 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 40.00 | 46.00 | 25.75 | 42.50 | 161.25 | 472.50 | 298.00 | 19.25 | 8.80 | 5.14 |
High Price
|
|||
| 29 | 27 | — | — | 33 | 62 | 32 | 40 | 48 | 55 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
Revenue/Emp
|
|||
| 7 | 7 | 8 | 7 | 1 | 14 | 29 | 21 | 38 | 30 |
Revenue
|
|||
| 61.42% | 68.36% | 71.14% | 66.44% | 31.93% | 43.74% | (27.88%) | 24.86% | 24.71% | 21.73% |
Gross Margin
|
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| 0 | 1 | 2 | 0 | (2) | (6) | (108) | (29) | (61) | (59) |
EBT
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| (5.22%) | 8.33% | 19.15% | 4.49% | (259.16%) | (44.22%) | (379.59%) | (136.57%) | (159.88%) | (199.57%) |
EBT Margin
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| 0 | 1 | 2 | 0 | (1) | (5) | (99) | (28) | (58) | (57) |
Net Income
|
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| 0 | 0 | 0 | 0 | 0 | 6 | 35 | 14 | 16 | 18 |
Depreciation
|
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| 29.45 | 19.33 | 21.48 | 17.21 | 1.55 | 30.29 | 47.66 | 16.03 | 7.44 | 1.02 |
Revenue/Sh
|
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| (1.25) | 1.50 | 5.25 | 0.84 | 5.00 | (12.50) | (172.25) | (21.08) | (12.15) | (2.38) |
Earnings/Sh
|
|||
| 2.18 | 0.99 | 5.32 | 0.76 | 4.96 | 11.72 | (9.60) | (2.27) | (0.99) | (0.31) |
Cash Flow/Sh
|
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| (0.57) | (0.29) | (0.25) | (0.22) | (2.10) | (100.00) | (102.10) | (7.97) | (1.71) | (0.97) |
Capex/Sh
|
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| 1.61 | 0.70 | 5.07 | 0.54 | 2.86 | (88.27) | (111.69) | (10.25) | (2.70) | (1.29) |
Free CF/Sh
|
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| 17.32 | 13.59 | 18.51 | 10.04 | 15.43 | 192.12 | 77.25 | 40.61 | 5.36 | 3.82 |
Book Value/Sh
|
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| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 5 | 29 |
Shares
|
|||
| 0.00 | 16.67 | 3.85 | 19.34 | 23.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
PE Ratio
|
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| 1.23 | 1.29 | 0.94 | 0.97 | 75.85 | 8.88 | 0.16 | 0.27 | 0.28 | 1.14 |
PS Ratio
|
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| 2.09 | 1.84 | 1.09 | 1.67 | 7.63 | 1.40 | 0.10 | 0.10 | 0.39 | 0.31 |
PB Ratio
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| 0.75 | 0.75 | 0.23 | 0.74 | 73.46 | 8.25 | 0.47 | 0.39 | 0.61 | (0.60) |
EV/Sales
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| 13.74 | 22.76 | 0.96 | 23.47 | 39.88 | (2.94) | (0.20) | (0.60) | (1.68) | 0.48 |
EV/FCF
|
|||
| 1 | 0 | 2 | 0 | 2 | 6 | (6) | (3) | (5) | (9) |
Op' Cash Flow
|
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| 0 | 0 | 0 | 0 | (1) | (47) | (61) | (10) | (9) | (28) |
Capex
|
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| 0 | 0 | 2 | 0 | 1 | (42) | (67) | (13) | (14) | (37) |
FCF
|
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| 4 | 5 | 6 | 3 | 3 | 9 | (26) | (14) | (34) | 43 |
Working Cap'
|
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| — | — | — | 1 | 0 | 1 | 11 | 11 | 22 | 29 |
Total Debt
|
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| (3) | (4) | (6) | (2) | (2) | (9) | 9 | 1 | 13 | (52) |
Net Debt
|
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| 4 | 5 | 7 | 4 | 6 | 91 | 46 | 53 | 27 | 111 |
Sh' Equity
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| (9.25%) | 10.23% | 27.00% | 4.65% | 27.03% | (9.33%) | (103.16%) | (33.14%) | (85.14%) | (50.05%) |
ROA
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| (29.34%) | 32.35% | 81.01% | 7.13% | (27.61%) | (3.41%) | (96.11%) | (23.06%) | (74.49%) | (35.68%) |
ROIC
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| (12.65%) | 12.77% | 32.51% | 5.99% | 39.92% | (12.16%) | (152.31%) | (58.62%) | (189.14%) | (99.88%) |
ROE
|
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Soluna Holdings, Inc. (SLNH) key facts
- Soluna Holdings, Inc. (SLNH) is a Capital Markets company in the Financial sector, listed on Nasdaq.
- Soluna Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $29.7 million, down 21.8% from fiscal 2024.
- As of September 25, 2026, SLNH traded at $1.22, a market capitalization of $310.9 million.
- Return on equity was −99.9% and debt-to-equity 0.17.
Soluna Holdings, Inc. (SLNH) Latest News
17 Sep
Rosenblatt initiates coverage on Soluna Holdings at Buy, projecting 118 MW HPC buildout to exceed $200 million in annual revenue. Positive analyst initiation with Buy rating and large revenue forecast from major HPC expansion signals significant growth potential for Soluna.
14 Sep
Soluna Holdings secures conditional ERCOT Base Load status for 100 MW Dorothy campus. Conditional ERCOT Base Load status supports reliable power for 100 MW Dorothy campus expansion.
8 Sep
Soluna completes 83 MW Kati 1 project as ERCOT preserves position for the full 166 MW campus. Completion of 83 MW Kati 1 and ERCOT slot preservation for 166 MW campus mark major capacity expansion for Soluna operations.
3 Sep
Soluna Holdings reported 73% revenue growth excluding an accounting change, with uncertainty remaining over whether its AI pipeline can sustain performance. Revenue increase shows short-term gains while AI pipeline outcome could moderately shape future operations and investor views.
25 Aug
Bitdeer adds 28 MW of mining capacity at Soluna Holdings' wind-powered Texas site, expanding operations at the facility. Expansion adds significant mining capacity at Soluna's core Texas site and directly supports revenue and utilization growth.
Soluna Holdings and Bitdeer agree to deploy 28 MW Bitcoin co-mining operation in Texas. Agreement adds 28 MW mining capacity and expands Soluna revenue streams through Texas deployment.
17 Aug
Soluna Holdings Inc (SLNH) posted a 145% revenue surge in Q2 2026, driven by AI initiatives during its earnings call. 145% revenue growth tied to AI signals major trajectory shift for operations and investor outlook.
14 Aug
Soluna Holdings Q2 revenue rises 145% with development pipeline reaching 6.3 GW. Revenue surge plus 6.3 GW pipeline marks major expansion and growth trajectory shift.
Soluna Holdings, Inc. held its Q2 2026 earnings call covering financial results, operational updates, and strategic outlook for the company. Quarterly earnings data can moderately shift near-term sentiment and valuation without guaranteeing major trajectory changes.
13 Aug
Soluna Holdings Q2 earnings call highlighted financial results, operational updates and strategic plans for SLNH. Q2 earnings details offer moderate insight into financial performance and near-term outlook.
16 Jul
Soluna Holdings appoints Microsoft Hyperscale executive Ryan Carver to lead its AI operations. Hiring a senior Microsoft hyperscale executive strengthens Soluna's AI leadership and strategic positioning.
Soluna Holdings names former Microsoft executive Ryan Carver chief development officer. Executive hire from Microsoft may moderately strengthen development capabilities.
17 Jun
Soluna Holdings (SLNH) stock appears overvalued following completion of the Kati 2 and Dorothy deals. Kati 2 and Dorothy deals represent project milestones that may influence near-term sentiment and valuation but lack evidence of transformative long-term effects.
16 Jun
Soluna Holdings gained control of the 350 MW Kati 2 JV Data Center, driving its stock up 13.1%. Securing control of a 350 MW data center marks a major capacity expansion with direct effects on operations and valuation.
11 May
Soluna Holdings (SLNH) stock surged 36.6% after expanding Project Dorothy and pivoting to AI compute, enhancing capacity to 2.4 GW and targeting high-margin AI workloads amid Bitcoin mining challenges. Project Dorothy expansion to 2.4 GW and AI compute pivot mark major strategic shifts that drove 36.6% stock gains and position SLNH for improved revenue in high-demand AI sector.
7 May
Soluna Holdings, Inc. (SLNH) has regained compliance with Nasdaq's minimum bid price requirement, avoiding delisting and securing its continued listing on the exchange. Regaining Nasdaq compliance averts delisting risk, restoring investor confidence and enabling better market access for future performance.
5 May
Soluna Holdings, Inc. (SLNH) announces partnership with Sazmining to advance its blockchain computing and data center operations. Partnership with Sazmining represents a major strategic move enhancing SLNH's mining infrastructure and competitive positioning in blockchain.
3 May
Soluna Holdings (SLNH) undergoes valuation review after securing new partnerships for Project Dorothy and expanding the Briscoe Wind Farm. New Project Dorothy partnerships and Briscoe Wind Farm expansion signal major strategic growth in renewable energy infrastructure for SLNH.
1 May
Soluna Holdings, Inc. (SLNH) regained compliance with Nasdaq listing requirements after addressing prior deficiencies in minimum bid price and stockholders' equity standards, securing continued listing on the Nasdaq Capital Market. Regaining Nasdaq compliance eliminates delisting risk and enhances market access and investor confidence.
23 Apr
Soluna Holdings (SLNH) leverages Project Dorothy to quietly redefine its AI infrastructure strategy, shifting focus toward advanced computing capabilities amid evolving market demands. Project Dorothy signals a major strategic pivot to AI infrastructure, likely enhancing SLNH's competitive edge and investor appeal.
3 Apr
Soluna Holdings Inc (SLNH) Q4 2025 earnings call highlights strategic growth initiatives amid market challenges. Earnings highlights detail strategic growth boosting future performance and investor sentiment despite market headwinds.
25 Feb
Soluna Holdings, Inc. (SLNH) expands its partnership with Blockware by adding 6 MW of capacity at Project Dorothy 1. Adding 6 MW capacity via Blockware partnership significantly scales SLNH's mining infrastructure and boosts growth trajectory.
10 Feb
Soluna Holdings, Inc. has successfully energized the first phase of its 83 MW bitcoin mining expansion, marking a significant step in its growth strategy. This expansion is expected to enhance the company's operational capacity and position in the cryptocurrency mining sector. The expansion significantly enhances operational capacity and positions the company favorably in the growing cryptocurrency market.
20 Jan
Soluna Holdings, Inc. has appointed Michael Picchi as its new Chief Financial Officer. Picchi brings over 25 years of experience in finance and operations, having held senior roles in various companies. His expertise is expected to enhance Soluna's financial strategy and operational efficiency as the company continues to grow in the renewable energy and cryptocurrency sectors. The appointment of a seasoned CFO may positively influence financial performance and operational strategy, but its overall impact is expected to be limited.
17 Dec
Soluna Holdings, Inc. (SLNH) is expected to find support soon, making it an opportune time for investors to consider buying the stock. The company is positioned to benefit from upcoming developments that could enhance its market performance and investor sentiment. Upcoming developments are likely to significantly impact the company's trajectory and investor sentiment.
8 Dec
Soluna Holdings, Inc. has successfully closed a registered direct offering, raising $32 million priced at-the-market under Nasdaq rules. The offering is expected to enhance the company's financial position and support its growth initiatives. The capital raised will likely support operational and strategic initiatives, impacting financial performance moderately.
5 Dec
Soluna Holdings, Inc. announced a registered direct offering of $32 million priced at-the-market under Nasdaq rules. The offering is expected to enhance the company's financial position and support its growth initiatives. The transaction is anticipated to close on or about October 30, 2023, subject to customary closing conditions. The offering may provide necessary capital for growth but is not expected to fundamentally alter the company's trajectory.
14 Nov
Soluna Holdings, Inc. (SLNH) reported a loss for Q3, falling short of revenue estimates. The company's financial performance has raised concerns among investors, as it struggles to meet market expectations. This disappointing report may impact investor sentiment and the company's future operations. The Q3 loss and revenue shortfall are expected to moderately influence investor sentiment and financial performance.
10 Nov
Soluna Holdings, Inc. (SLNH) shareholders have approved a 300% increase in the company's authorized common stock. This decision allows the company to expand its capital structure, potentially facilitating future financing and growth initiatives. The increase in authorized shares is seen as a strategic move to enhance liquidity and support the company's operational goals. The increase in authorized common stock may provide Soluna with necessary capital for growth, impacting its financial performance moderately.
24 Oct
Soluna Holdings, Inc. (SLNH) has been identified as one of the most active stocks in the market, indicating heightened trading activity and investor interest. This surge in activity may reflect broader market trends or specific developments related to the company's operations. Investors are closely monitoring SLNH for potential opportunities as it navigates its business landscape. Increased trading activity suggests a moderately noticeable influence on market sentiment and potential financial performance.