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Soluna Holdings ( (SLNH) ) has shared an announcement.
On April 2, 2026, Soluna Holdings closed the $53 million acquisition of the 150 MW Briscoe Wind Farm in West Texas, financed with a mix of debt and cash, and projected to generate first-year adjusted EBITDA of $6 million to $11 million on annualized revenue of $20 million to $24.4 million. The deal gives Soluna full vertical integration at its Project Dorothy campus by consolidating ownership of power, land, and compute, securing long-term energy supply, reducing reliance on third-party power contracts, and positioning the company to advance its planned Dorothy 3 renewable-powered AI campus with potential capacity of more than 300 MW, while reinforcing institutional backing and supporting a broader 4.3 GW development pipeline.
The most recent analyst rating on (SLNH) stock is a Hold with a $0.68 price target. To see the full list of analyst forecasts on Soluna Holdings stock, see the SLNH Stock Forecast page.
Spark’s Take on SLNH Stock
According to Spark, TipRanks’ AI Analyst, SLNH is a Neutral.
The score is weighed down primarily by weak financial performance (large losses and significant cash burn) and bearish technicals (below key moving averages with negative MACD). Positive corporate developments and expansion milestones provide some offset, but valuation support is limited due to negative earnings and no dividend.
To see Spark’s full report on SLNH stock, click here.
More about Soluna Holdings
Soluna Holdings, Inc., listed on Nasdaq as SLNH, develops green data centers that convert renewable energy into computing power, with a focus on high-performance computing and generative AI workloads. The company is building vertically integrated, utility-scale digital infrastructure, owning both renewable energy assets and the data center campuses they power, including its flagship Project Dorothy in West Texas.
Average Trading Volume: 4,369,679
Technical Sentiment Signal: Sell
Current Market Cap: $74.89M
For a thorough assessment of SLNH stock, go to TipRanks’ Stock Analysis page.