Soluna Holdings, Inc.

Soluna Holdings, Inc. (NASDAQ: SLNH) is a digital infrastructure firm focused on converting excess renewable energy into valuable computing power. The company operates modular data centers situated alongside wind, solar, and hydroelectric facilities, providing support for high-performance computing workloads such as bitcoin mining, generative artificial intelligence (AI), and scientific research applications.

As per our previous Dailies report published on ‘SLNH’ on October 30, 2025, Kalkine provided a ‘Buy’ stance on the stock at USD 2.98 based on fundamental analysis and the stock price has now moved up by 34.90%.

Noted below are the details of technical summary provided in our previous report:

SLNH’s Daily Chart

Considering the target level attainment, current trading levels, risks associated, and volatile market conditions on the back of Fed induced uncertainty over future rate cuts, a ‘Sell’ rating is assigned to the ’SLNH’ at the current market price of USD 4.02 as of Nov 03,2025 at 8:30 am PST.  

Note: This report may be updated with details around fundamental and technical analysis, price chart in due course, as appropriate.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is Nov 03, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.