SOLUNA HOLDINGS INC (SLNH)
NASDAQFinancialsHardware, Equipment & PartsSnapshot 2026-09-04
$1.200.00%
Close 2026-09-04 · 1-day change
NASDAQFinancialsHardware, Equipment & PartsSnapshot 2026-09-04
QuarterlyIQ Insights · SLNH
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Develop Project Kati 2 through a joint venture with Metrobloks, targeting an initial 100 MW critical IT capacity with plans to expand to 350 MW for AI and HPC workloads.
Stated as a priority in 2 of last 2 quarters. Management detailed the Kati 2 joint venture with Metrobloks progressing from 100 MW initial capacity toward 350 MW total. The project is advancing with land secured and schematic design underway, matching management's stated growth trajectory and delivering on AI capacity expansion.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Financials names rated weak grew net income 57% of the time over the next year (vs 60% for the rest of the cohort, n=7680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Signed Kati 2 AI Joint Venture with Metrobloks to develop Project Kati 2 with Phase I at 100 MW and Phase II adding 250 MW.”
“Project Kati 2 advances with AI partnership, secured 500+ acres, and Phase 1 at 30% schematic design.”
Achieve full vertical integration at Project Dorothy by acquiring the 150 MW Briscoe Wind Farm, securing power generation to support AI campus expansion.
Stated as a priority in 2 of last 2 quarters. The Briscoe Wind Farm acquisition closed in 2026-Q2, securing 150 MW of power generation and completing vertical integration at Project Dorothy. Management projects $6M to $11M Year-One Adjusted EBITDA from this asset, supporting the planned 300 MW AI campus expansion, indicating delivery on this growth and integration priority.
“Acquired 150 MW Briscoe Wind Farm on April 1 for $53 million, completing vertical integration at Project Dorothy.”
“Announced closing $53M Briscoe Wind Farm acquisition, enabling full vertical integration and AI campus expansion.”
Grow the development pipeline to approximately 6.3 GW, including major expansions at AI-focused sites such as Dorothy 3, Kati 2, and new AI/HPC projects.
Newly stated in 2026-Q2. Management expanded the development pipeline to approximately 6.3 GW, with significant AI-focused capacity growth including 300 MW at Dorothy 3 and 583 MW across new AI projects. This represents a substantial increase in pipeline scale aligned with management's stated growth strategy.
“Development pipeline expanded to approximately 6.3 GW with major AI capacity growth at Dorothy 3 and new AI projects.”
Drive sequential revenue growth and improve operating leverage through ramping projects like Kati 1, Dorothy 1A, and Dorothy 2, while expanding AI workloads.
Stated as a priority in 2 of last 2 quarters. Revenue grew 145% year-over-year to $15.1 million in 2026-Q2 and 58% year-over-year to $9.4 million in 2026-Q1, reflecting sequential growth across multiple quarters. Kati 1 delivered its first positive gross profit and Dorothy 1A had its strongest quarter, indicating management is delivering on revenue growth and operating leverage.
“Revenue grew 145% year-over-year and 5 consecutive quarters sequentially; Kati 1 delivered first positive gross profit.”
“Revenue increased 58% year-over-year and 4th consecutive quarter sequentially; Kati 1A completed ahead of schedule.”
Strengthen AI infrastructure development capabilities by appointing Ryan Carver as Chief Development Officer to lead hyperscale AI delivery.
Newly stated in 2026-Q2. Management appointed Ryan Carver as Chief Development Officer to lead the AI infrastructure build-out, adding hyperscale AI delivery experience. This talent addition aligns with the company's strategic focus on AI capacity expansion but has limited measurable financial impact reported yet.
“Appointed Ryan Carver as Chief Development Officer to lead hyperscale AI delivery.”
Over the trailing year it converted 0.04x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
30 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated volatile grew net income 59% of the time over the next year (vs 56% for the rest of the cohort, n=2797).
Not investment advice. As of 2026-09-04.