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
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -44.4% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 63.1% |
Growth built into the price is above our model estimate.
The price assumes 107.5 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 40 industry peers · Company calendar date is not available
SLNH — earnings miss
Dated 2026-08-13
Results of Operations and Financial Condition. On August 13, 2026, Soluna Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three months and six months ended June 30, 2026. A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Why it matters: Earnings results will show if Soluna keeps growing its revenue or faces issues.
Watch forQ3 revenue growth over 60% year-over-year shows strong performance.
Also watch forQ3 revenue growth below 40% year-over-year suggests a slowdown.
Why it matters: Updates on Kati 2 show progress in AI infrastructure, which is key for growth.
Supportive ifKati 2 project is 50% done with detailed design. It also has a tenant LOI.
Worry ifThe Kati 2 project is behind schedule or not moving forward.
Why it matters: Following Nasdaq rules is key for keeping investor trust and market access.
Worry ifManagement says they have fixed Nasdaq compliance issues.
Less concerning ifFurther notices of non-compliance from Nasdaq are issued.
Why it matters: Finishing this acquisition is important for growth. It helps the company get stronger.
Supportive ifAn official announcement will confirm the acquisition is done. All approvals must be met.
Worry ifThe acquisition is delayed or does not get the needed approvals.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$364 on $10,000 · ±3.6% | How much price usually moves either way. |
| Bad day | $1,319 loss on $10,000 · 13.2% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $8,626 loss on $10,000 · 86.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Kati 2 is important for Soluna's growth and making more money.
Supportive ifLook for news about new AI/HPC capacity or partnerships.
Worry ifNo news on Kati 2 project updates or delays.
Why it matters: Updates on Kati 2 will show if Soluna can grow its AI capacity.
Supportive ifAnnouncement of progress on the Kati 2 project, such as completion of Phase 1 or new partnerships.
Worry ifDelays in Kati 2 project show problems in getting things done.
Why it matters: New AI projects show growth potential for Soluna.
Supportive ifMore AI projects are added to the pipeline beyond the current 583 MW.
Worry ifNo new AI projects announced, or existing projects face delays.
Why it matters: This acquisition will boost energy supply and revenue from the new AI campus.
Supportive ifBriscoe Wind Farm generates projected revenue of $20M to $24.4M in the first year.
Worry ifRevenue from Briscoe Wind Farm falls short of projections in the first year.
Why it matters: News from the new Chief Development Officer will show Soluna's focus on AI.
Supportive ifLook for new AI projects or partnerships led by the Chief Development Officer.
Worry ifNo big news or projects show a lack of progress in AI development.
Why it matters: Hitting this capacity would show Soluna's commitment to expanding AI and HPC resources. It signals growth potential in a key area.
Supportive ifKati 2 joint venture is on track for a total capacity of 350 MW.
Worry ifKati 2 capacity is under 100 MW. This shows delays in the project.
Why it matters: Keeping or growing this rate shows Soluna's strong operations and market demand.
Supportive ifQ3 revenue growth exceeds 145% year-over-year.
Worry ifQ3 revenue growth is below 100% from last year. This shows lower demand.
Why it matters: A smaller adjusted EBITDA loss means better cost control. It also shows more efficiency.
Supportive ifAdjusted EBITDA loss improves to less than ($1.6M) in Q3.
Worry ifAdjusted EBITDA loss worsens beyond ($2.1M) in Q3.
Why it matters: Finishing this campus would boost Soluna's AI capacity and help future growth.
Supportive ifDorothy 3 AI campus reaches its full capacity of 300 MW.
Worry ifDevelopment of Dorothy 3 is stuck or delayed a lot.