September 17, 2026
Analyst Bio:
Rosenblatt Securities initiated coverage of Soluna (NASDAQ: SLNH) at Buy on Wednesday, setting a $4 price target as the operator pursues an AI/HPC conversion in Texas.
The target implies about 257% upside from the $1.12 share price cited in analyst Chris Brendler’s note. Rosenblatt’s model assumes Soluna develops 118 MW of critical IT load capable of generating more than $200 million in annualized revenue, over three times its 2025 revenue.
