Soluna Holdings, Inc. (SLNHP) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Soluna Holdings, Inc. (SLNHP) trades at $12.51 with AI Score 15/100 (Grade F). Soluna Holdings, Inc. specializes in developing modular data centers tailored for cryptocurrency mining and blockchain operations. Market cap: $363M, Sector: Technology.
Price as of Aug 21, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for SLNHP: SLNHP does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SLNHP against Technology peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
SLNHP: this read rests on a single discipline (MoonshotScore) — the other council disciplines have no scored data yet.
How is this calculated? →Why this analysis is different
- A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Soluna Holdings, Inc. (SLNHP) Technology Profile & Competitive Position
Soluna Holdings, Inc. focuses on building and operating modular data centers primarily for cryptocurrency mining, positioning itself within the evolving blockchain technology landscape. The company's hardware solutions cater to the energy-intensive demands of digital asset generation, operating from its base in Albany, New York.
What Is the Investment Thesis for SLNHP?
Soluna Holdings, Inc. presents a focused investment opportunity within the cryptocurrency mining infrastructure sector. The company's modular data center approach offers scalability and adaptability, aligning with the dynamic nature of the blockchain industry. With a market capitalization of $363M, Soluna operates with a negative P/E ratio of -0.27 and a negative profit margin of -274.2%, indicating potential for future profitability improvements. A key driver is the increasing demand for sustainable cryptocurrency mining solutions, where Soluna's focus on energy-efficient data centers could be a competitive advantage. However, the company's high beta of 4.32 suggests significant volatility, and the absence of a dividend reflects a growth-oriented strategy. Investors should monitor the company's ability to improve its gross margin, currently at 7.0%, and capitalize on growth opportunities within the expanding blockchain ecosystem.
Based on FMP financials and quantitative analysis
SLNHP Key Highlights
Market capitalization of $363M indicates its current valuation in the market.
- Negative P/E ratio of -0.27 suggests current losses but potential for future earnings.
- Profit margin of -274.2% highlights significant operational challenges and areas for improvement.
- Gross margin of 7.0% indicates a need to optimize production costs and pricing strategies.
- Beta of 4.32 signifies high volatility compared to the broader market.
Who Are SLNHP's Competitors?
SLNHP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AWRE Aware, Inc. | $1.21 | -2.42% | $26.2M | — |
| CPSH CPS Technologies Corporation | $3.82 | -4.50% | $61.7M | 37 |
| MFI mF International Limited (MFI) | $8.56 | +0.71% | $14.2M | 43 |
| NEON Neonode Inc. | $0.85 | -5.15% | $14.3M | 52 |
| MPTI M-tron Industries, Inc. | $80.78 | -4.07% | $288M | 82 |
| MEI Methode Electronics, Inc. | $14.47 | +1.83% | $513M | 62 |
| LYTS LSI Industries Inc. | $20.43 | -15.07% | $750M | 58 |
| VPG Vishay Precision Group, Inc. | $62.26 | -1.38% | $829M | 55 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SLNHP's Key Strengths?
Specialized in modular data centers for cryptocurrency mining.
- Focus on energy efficiency and sustainable solutions.
- Scalable infrastructure adaptable to market changes.
- Direct participation in cryptocurrency mining.
What Are SLNHP's Weaknesses?
Negative P/E ratio and profit margin indicate financial challenges.
- High beta suggests significant stock volatility.
- Limited diversification beyond cryptocurrency mining.
- Reliance on the fluctuating cryptocurrency market.
What Could Drive SLNHP Stock Higher?
Potential regulatory approvals for new data center locations.
- Increasing demand for sustainable cryptocurrency mining solutions.
- Expansion of data center infrastructure to accommodate growing customer base.
- Strategic partnerships with renewable energy providers.
What Are the Key Risks for SLNHP?
Financial-distress signal — its Altman Z-Score of 0.36 sits in the distress zone (elevated bankruptcy risk).
- Inconsistent delivery — missed Wall Street EPS estimates in 2 of the last 4 reported quarters.
- Fluctuations in cryptocurrency prices impacting profitability.
- Regulatory changes affecting cryptocurrency mining operations.
- Competition from established data center providers.
- Technological advancements rendering current infrastructure obsolete.
- High stock volatility due to market speculation.
What Are the Growth Opportunities for SLNHP?
- Expansion of Modular Data Centers: Soluna can capitalize on the increasing demand for cryptocurrency mining by expanding its modular data center infrastructure. The global data center market is projected to reach $345.3 billion by 2026, offering a substantial opportunity for growth. By focusing on rapid deployment and scalability, Soluna can attract new clients and increase its market share within the cryptocurrency mining sector. This expansion should be ongoing as the blockchain market evolves.
- Strategic Partnerships with Renewable Energy Providers: Soluna can enhance its sustainability profile and reduce operational costs by forming strategic partnerships with renewable energy providers. The global renewable energy market is expected to reach $1.1 trillion by 2027. By integrating renewable energy sources into its data centers, Soluna can attract environmentally conscious clients and gain a competitive advantage. This initiative can be implemented within the next 1-2 years.
- Development of Proprietary Mining Technologies: Investing in the development of proprietary mining technologies can improve the efficiency and profitability of Soluna's operations. The market for blockchain technology is projected to reach $69 billion by 2027. By creating innovative mining solutions, Soluna can differentiate itself from competitors and increase its revenue streams. This development can begin in the next year with ongoing improvements.
- Geographic Expansion into Emerging Cryptocurrency Markets: Soluna can expand its geographic footprint by targeting emerging cryptocurrency markets in regions with favorable regulatory environments and low energy costs. The cryptocurrency market in Asia-Pacific is expected to grow significantly in the coming years. By establishing data centers in these regions, Soluna can tap into new customer bases and diversify its revenue streams. This expansion can be phased in over the next 2-3 years.
- Offering Blockchain-as-a-Service (BaaS) Solutions: Soluna can diversify its service offerings by providing Blockchain-as-a-Service (BaaS) solutions to businesses seeking to integrate blockchain technology into their operations. The global BaaS market is projected to reach $24.9 billion by 2027. By offering scalable and customizable blockchain solutions, Soluna can attract a broader range of clients and increase its revenue streams. This service offering can be launched within the next year.
What Are SLNHP's Competitive Advantages?
- Specialized expertise in building and operating modular data centers for cryptocurrency mining.
- Focus on energy efficiency and sustainability in data center design.
- Scalable infrastructure solutions that can adapt to changing market conditions.
What Does SLNHP Do?
Soluna Holdings, Inc., headquartered in Albany, New York, specializes in the construction and development of modular data centers designed specifically for cryptocurrency mining and blockchain operations. Founded to address the growing energy demands of blockchain technology, Soluna aims to provide scalable and sustainable solutions for digital asset generation. The company's core business involves creating and managing data centers that are optimized for the high-performance computing required in cryptocurrency mining. These modular data centers are engineered for efficiency and scalability, allowing for rapid deployment and adaptation to changing market conditions. Soluna's operations extend beyond mere infrastructure provision; the company also participates directly in the blockchain business, leveraging its data centers for its own mining activities. This dual approach allows Soluna to generate revenue from both infrastructure services and direct participation in the cryptocurrency market. The company's focus on modular design enables it to quickly expand or reconfigure its data centers based on demand and technological advancements. Soluna's strategic positioning targets the intersection of renewable energy and digital asset mining, aiming to reduce the environmental impact of energy-intensive blockchain operations.
What Products and Services Does SLNHP Offer?
- Build modular data centers for cryptocurrency mining.
- Develop infrastructure for blockchain operations.
- Operate data centers optimized for high-performance computing.
- Provide scalable solutions for digital asset generation.
- Participate directly in cryptocurrency mining activities.
- Engineer data centers for efficiency and rapid deployment.
How Does SLNHP Make Money?
- Construction and leasing of modular data centers to cryptocurrency miners.
- Direct participation in cryptocurrency mining using its own data centers.
- Revenue generation from infrastructure services and digital asset holdings.
What Industry Does SLNHP Operate In?
Soluna Holdings, Inc. operates within the hardware, equipment, and parts sector, specifically catering to the cryptocurrency mining industry. The market for cryptocurrency mining infrastructure is experiencing rapid growth, driven by the increasing adoption of blockchain technology and digital assets. This growth is coupled with rising concerns about the environmental impact of energy-intensive mining operations. Competitors such as AWRE, CPSH, FCUV, MFI, and NEON are also vying for market share in this evolving landscape. Soluna's focus on modular and sustainable data centers positions it to capitalize on the demand for efficient and environmentally conscious mining solutions.
Who Are SLNHP's Key Customers?
- Cryptocurrency mining companies requiring high-performance computing infrastructure.
- Blockchain businesses seeking scalable data center solutions.
- Organizations involved in digital asset generation and management.
Forward Outlook
Wall Street analysts project Soluna Holdings, Inc. revenue of about $60.3M for fiscal 2026, with EPS near $-0.45.
Quarterly Financial Performance: Soluna Holdings, Inc.
Revenue for Soluna Holdings, Inc. came in at $15.1M during Q2 2026, a 60.3% improvement versus the preceding quarter. The company recorded a net loss of $20.7M, with diluted EPS of $-0.18. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this small-cap Technology company. Across the four most recent quarters, SLNHP averaged $-0.45 in diluted EPS.
SLNHP Valuation & Market Position
With a $363M market cap, Soluna Holdings, Inc. sits in the small-cap segment of the market. Relative to its peer group, SLNHP's quantitative score of 15/100 is below the peer average of 54/100.
Key Financial Metrics
Return on assets is -33.3%, showing how much profit it generates from its asset base. Its free cash flow yield is -27.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.75 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -64.9%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Soluna Holdings, Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.36 places it in the distress zone, a signal of elevated financial risk.
Earnings Track Record
Soluna Holdings, Inc. has missed Wall Street's EPS estimate in 2 of its last 4 reported quarters — a mixed record worth weighing. Reported results have landed about 28.8% below estimates on average.
Company Profile
Soluna Holdings, Inc. operates in the Hardware, Equipment & Parts industry within the Technology sector. It is headquartered in Albany, US. The company is led by CEO John Belizaire. SLNHP has traded publicly since 2021.
SLNHP Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Soluna's future, indicating that key stakeholders believe in the company's direction.
- Community sentiment has shifted positively, with discussions highlighting Soluna's potential in the renewable energy sector.
- Recent partnerships and collaborations have been seen as a strong endorsement of Soluna's business model and growth strategy.
- Market perception is improving as the demand for sustainable energy solutions increases, positioning Soluna favorably in the industry.
Bear Case
- Some analysts remain skeptical about Soluna's ability to scale operations effectively, citing potential execution risks.
- Negative sentiment from certain community members focuses on the volatility of the renewable energy market, which could impact Soluna's stability.
- Concerns about regulatory challenges in the energy sector could hinder Soluna's growth prospects and affect investor confidence.
- Recent market developments have caused some to question the long-term viability of Soluna's business model amid increasing competition.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $15M | -$21M | -$0.18 |
| Q1 2026 | $9M | -$17M | -$0.24 |
| Q4 2025 | $9M | -$15M | -$0.25 |
| Q3 2025 | $8M | -$24M | -$1.14 |
Based on FMP financials and quantitative analysis
SLNHP Latest News
No recent news available for SLNHP.
SLNHP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SLNHP.
Price Targets
Wall Street price target analysis for SLNHP.
SLNHP MoonshotScore
What does this score mean?
The MoonshotScore rates SLNHP 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Classification
Industry Hardware, Equipment & PartsLeadership: John Belizaire
CEO
John Belizaire serves as the CEO of Soluna Holdings, Inc., bringing extensive experience in technology and business leadership. His background includes a strong focus on renewable energy and sustainable solutions, aligning with Soluna's mission. Prior to Soluna, Belizaire held various executive positions in technology companies, driving innovation and growth. He possesses a deep understanding of the intersection between technology and energy, which is crucial for Soluna's strategic direction. Belizaire's expertise encompasses strategic planning, financial management, and operational execution.
Track Record: Under John Belizaire's leadership, Soluna Holdings, Inc. has focused on developing modular data centers optimized for cryptocurrency mining. Key milestones include expanding the company's data center infrastructure and forming strategic partnerships within the renewable energy sector. Belizaire has emphasized sustainability and energy efficiency as core principles, positioning Soluna to capitalize on the growing demand for environmentally conscious cryptocurrency mining solutions. He manages a team of 47 employees.
Soluna Holdings, Inc. Technology Stock: Key Questions Answered
What does the AI Score mean for SLNHP?
SLNHP holds an AI Score of 15/100 (Grade: F). This is an educational research signal, not a buy or sell recommendation. Soluna Holdings, Inc. specializes in developing modular data centers tailored for cryptocurrency mining and blockchain operations. The company is headquartered in Albany, New York.
What does Soluna Holdings, Inc. do?
Soluna Holdings, Inc. specializes in building and operating modular data centers specifically designed for cryptocurrency mining and blockchain operations. The company provides infrastructure solutions that cater to the high-performance computing needs of digital asset generation. Soluna's business model involves constructing scalable and energy-efficient data centers, participating directly in cryptocurrency mining, and offering infrastructure services to clients in the blockchain industry.
What do analysts say about SLNHP stock?
Analyst coverage of Soluna Holdings, Inc. (SLNHP) is currently limited, reflecting the company's niche focus and relatively small market capitalization. Key valuation metrics, such as the negative P/E ratio and profit margin, suggest potential for future earnings growth but also highlight current financial challenges. The company's high beta indicates significant stock volatility, which investors may want to evaluate.
What are the main risks for SLNHP?
Soluna Holdings, Inc. faces several key risks inherent to its business model and the cryptocurrency market. Fluctuations in cryptocurrency prices can significantly impact the company's profitability, as its revenue is tied to the value of digital assets. Regulatory changes affecting cryptocurrency mining operations pose a threat, as stricter regulations could increase operational costs or limit mining activities.
What are the key factors to evaluate for SLNHP?
Soluna Holdings, Inc. (SLNHP) holds an AI score of 15/100 (low). presents a focused investment opportunity within the cryptocurrency mining infrastructure sector. Not financial advice.
How frequently does SLNHP data refresh on this page?
SLNHP's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven SLNHP's recent stock price performance?
Soluna Holdings, Inc. (SLNHP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialized in modular data centers for cryptocurrency mining. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider SLNHP overvalued or undervalued right now?
Soluna Holdings, Inc. (SLNHP) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research SLNHP before investing?
Before investing in Soluna Holdings, Inc. (SLNHP), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited analyst coverage impacts the depth of available insights.
- The cryptocurrency market is inherently volatile and subject to rapid changes.
- Financial metrics reflect the company's current growth stage and operational challenges.