Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
SOLUNA HOLDINGS INC (SLNH)
NASDAQFinancialsHardware, Equipment & PartsSnapshot 2026-11-04
$0.56-1.60%
Close 2026-11-04 · 1-day change
NASDAQFinancialsHardware, Equipment & PartsSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
Matching fiscal periods, usable estimates and at least one analyst are required.
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
The calculation requires same-period, same-provider snapshots, positive EPS, at least one analyst and a baseline within three days of the requested lookback.
The EPS and P/E reference is not available for SLNH yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Complete acquisition of Dorothy 1B Project | It bought part of the Dorothy 1B project to expand. | Intact | acquisition not completed by mid-2026 | Qualitative condition This condition has no defined numerical measure. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a high-risk, loss-making expansion story rather than a proven compounder. The thesis is in a watch state: management is advancing capacity and integration plans, while recent financial performance remains weak and management execution is rated volatile.
The valuation signal is tagged as justified, with low measured fragility, but the expectations gap is negative and the model has medium confidence. The available evidence does not give a clear peer valuation label, so the degree of cheapness or expensiveness versus peers is uncertain.
Near term, revenue growth is evident: it rose from $9.4 million in the first quarter of 2026 to $15.1 million in the second. Yet operating income stayed deeply negative, so operating leverage, meaning improved profitability as revenue grows, is not yet showing. Expansion plans and the planned 50 MW Dorothy 3 project are progress markers, but recent performance was weak and the company missed its most recent quarter.
Over the multi-year view, the central test is whether new capacity and the Project Dorothy integration can turn revenue growth into improved operating results. Near term, the evidence also points to interest rates and results from large Financials companies as sector signals, though it gives little detail on how those factors connect to SLNH’s operating business. The recent equity issuance and credit agreement add financing developments to monitor.
Over the next one to three years, the thesis depends on execution and whether expansion begins to improve profitability; that evidence is not yet present. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in SOLUNA HOLDINGS INC's published investment case. The stated target is project development progress >= 66% by mid-2026. |
| Improving |
| progress_score falls below 40% by mid-2026 |
Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Regain Nasdaq minimum bid price compliance | The company aims to fix Nasdaq listing issues. | Under Pressure | bid price remains below Nasdaq minimum at end 2026 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Achieve revenue growth near analyst estimates | A primary condition in SOLUNA HOLDINGS INC's published investment case. The stated target is >=15.5% YoY revenue growth in FY26. | Improving | revenue growth falls below 10% in FY26 | Revenue growth: 144.56% FY2026-Q2; GAAP. Published target: >=15.5% YoY revenue growth in FY26. Reported actuals cannot certify a consensus target without an explicit period and accounting-basis binding. Aug 13, 2026144.559922 percent · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$-0.27 → $-0.29 · observed estimates
$0.08B → $0.07B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-07-25 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-07-26 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-07-27 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-07-28 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-07-29 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-07-30 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-07-31 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-01 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-02 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-03 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-04 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-05 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-06 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-08 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-09 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-10 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-12 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-13 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-14 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-15 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-16 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-17 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-18 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-19 | $-0.27 | $76,700,000 | 1 / 1 |
| 2026-08-20 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-21 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-22 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-23 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-24 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-25 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-26 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-27 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-28 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-29 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-30 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-08-31 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-01 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-02 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-03 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-04 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-05 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-06 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-07 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-08 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-09 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-10 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-11 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-12 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-13 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-14 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-15 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-16 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-17 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-18 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-19 | $-0.23 | $79,800,000 | 1 / 1 |
| 2026-09-20 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-21 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-22 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-23 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-24 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-25 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-26 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-27 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-28 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-29 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-09-30 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-01 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-02 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-03 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-04 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-05 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-06 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-07 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-08 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-09 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-10 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-11 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-12 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-13 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-14 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-15 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-16 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-17 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-18 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-19 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-20 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-21 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-22 | $-0.34 | $61,800,000 | 1 / 1 |
| 2026-10-23 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-10-24 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-10-25 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-10-26 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-10-27 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-10-28 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-10-29 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-10-30 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-10-31 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-11-01 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-11-02 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-11-03 | $-0.29 | $72,450,000 | 1 / 1 |
| 2026-11-04 | $-0.29 | $72,450,000 | 1 / 1 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 2 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 1 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Nov 13, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earnings4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.