Soluna Holdings initiated with a Neutral at H.C. Wainwright

H.C. Wainwright initiated coverage of Soluna Holdings (SLNH) with a Neutral rating and no price target The company builds modular datacenters behind the meter at wind and solar generating sites, the analyst tells investors in a research note. The firm cites concerns over customer acquisition and funding the company’s high performance computing aspirations for the Neutral rating.