Monday's Underperformers: Real Estate and Application Software Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 15 2025
0mins
Should l Buy SLNH?
Source: NASDAQ.COM
Market Performance: Application software shares are lagging behind the market, down approximately 2% on Monday.
Notable Declines: Currenc Group and Soluna Holdings are leading the decline, with losses of about 14.8% and 13.9%, respectively.
Sector Laggards: The real estate sector is also mentioned as a laggard alongside application software stocks.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy SLNH?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on SLNH
Wall Street analysts forecast SLNH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLNH is 5.00 USD with a low forecast of 5.00 USD and a high forecast of 5.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.757
Low
5.00
Averages
5.00
High
5.00
Current: 0.757
Low
5.00
Averages
5.00
High
5.00
About SLNH
Soluna Holdings, Inc. is a digital infrastructure company specializing in transforming surplus renewable energy into computing resources. It operates modular data centers co-located with wind, solar, and hydroelectric power plants, supporting compute-intensive applications, including bitcoin mining, generative artificial intelligence (AI), and scientific computing. Its segments include Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing (HPC). Its Soluna Cloud Services business provides HPC services to support generative AI workstreams and proprietary software MaestroOS helps to energize a greener grid while delivering computing solutions and superior returns. It offers colocation and hosting services for companies seeking to train large language models (LLMs), fine-tune existing artificial intelligence models, and deploy other compute-intensive AI or HPC workloads. It also provides hosting services to third-party Bitcoin mining customers at its data centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Soluna Signs Equipment Supply Agreement with Cormint for 12 MW Deployment
- Equipment Supply Agreement: Soluna Holdings has executed an agreement with Cormint Data Systems to support a 12 MW data center deployment at Project Kati 1 in Willacy County, Texas, marking a significant advancement in the company's green data center initiatives.
- Modular Design Benefits: The eight modular data center units under the agreement feature a patented pre-fabricated design with integrated 2MW transformers and high-performance cooling systems, aimed at accelerating deployment and reducing on-site labor requirements, thereby enhancing overall operational efficiency.
- Project Timeline: These modular units are expected to be delivered in Q1 2026 and commissioned by Q2 2026, demonstrating the company's commitment to meeting market demands for speed and reliability in infrastructure.
- Renewable Energy Strategy: The Kati 1 project is a wind-powered data center dedicated to Bitcoin mining, with the initial 12 MW deployment reinforcing Soluna's market position in renewable-powered digital infrastructure.
See More
Soluna Holdings Appoints CFO Michael Picchi to Drive Renewable Data Center Growth
- Executive Appointment: Soluna Holdings has appointed Michael Picchi as CFO and treasurer effective April 1, 2026, bringing experience from TECFusions where he served as CFO, which is expected to enhance the company's capital strategy supporting the expansion of renewable-powered data centers.
- Transition Plan: David Michaels, who has been serving as interim CFO since August 2025, will continue in this role until March 31, 2026, ensuring financial stability and continuity during the executive transition period.
- Market Reaction: Following the announcement, SLNH shares fell 4.2% in premarket trading to $1.599, indicating market caution regarding the potential impact of the new CFO and the company's future strategy.
- Business Context: Soluna Holdings focuses on renewable energy-driven data center operations, actively expanding its market share in response to growing AI compute demand, with Picchi's appointment seen as a crucial move to strengthen financial management and capital operations.
See More
Soluna Holdings Appoints New CFO to Drive Renewable Data Center Growth
- Executive Appointment: Soluna Holdings has appointed Michael Picchi as Chief Financial Officer effective April 1, 2026, who will lead the finance organization and support the capital strategy to enhance the company's expansion in renewable-powered data centers.
- Transition Management: David Michaels, who has served as Interim CFO since August 2025, will continue in his role until March 31, 2026, ensuring financial stability and strategic continuity during the executive transition period.
- Extensive Experience: Picchi brings over 30 years of financial management experience, having served as CFO at TECFusions, focusing on sustainable high-density AI infrastructure development, and his background is expected to strongly support Soluna's long-term growth strategy.
- Market Outlook: Picchi expressed excitement about Soluna's model, which effectively utilizes surplus clean energy by co-locating digital infrastructure with renewable generation, anticipating significant growth in the company's market share within the sustainable computing sector.
See More
Soluna Partners with Siemens to Deploy 2 MW Green Data Center Pilot
- Partnership Agreement: Soluna has signed a Memorandum of Understanding with Siemens to deploy a 2 MW pilot project at Project Grace in Texas, aimed at managing power demand fluctuations for AI and high-performance computing using renewable energy, thereby enhancing energy efficiency and stability in data centers.
- Technological Innovation: The pilot will integrate Siemens' electrical infrastructure and monitoring systems, documenting performance data through a structured commissioning process to ensure stability under rapid load changes, creating a replicable blueprint for future renewable energy computing deployments.
- Market Demand Response: As AI demand accelerates, the collaboration between Soluna and Siemens addresses the power demand fluctuations caused by GPU-driven workloads, not only increasing the utilization of renewable energy but also creating a win-win situation for power providers and customers.
- Future Outlook: Both parties anticipate validating an enterprise-grade renewable computing blueprint through this collaboration, combining Siemens' proven power infrastructure with Soluna's renewable-first data center model to drive faster scaling of AI and high-performance workloads while enhancing grid stability and energy efficiency.
See More
Monday's Underperformers: Real Estate and Application Software Stocks
Market Performance: Application software shares are lagging behind the market, down approximately 2% on Monday.
Notable Declines: Currenc Group and Soluna Holdings are leading the decline, with losses of about 14.8% and 13.9%, respectively.
Sector Laggards: The real estate sector is also mentioned as a laggard alongside application software stocks.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
See More
Synopsys Analyst Becomes Optimistic; Check Out the Top 3 Upgrades for Thursday
Analyst Upgrades: BTIG analyst Clark Lampen upgraded Unity Software Inc from Neutral to Buy with a price target of $60, while the stock closed at $48.98.
Soluna Holdings Upgrade: HC Wainwright & Co. analyst Kevin Dede upgraded Soluna Holdings Inc from Neutral to Buy, setting a price target of $5, with shares closing at $1.97.
Synopsys Inc Upgrade: B of A Securities analyst Vivek Arya upgraded Synopsys Inc from Neutral to Buy, increasing the price target from $500 to $560, as shares closed at $475.83.
Market Overview: The article provides insights into recent analyst rating changes for various stocks, highlighting potential investment opportunities.
See More
Soluna Signs Equipment Supply Agreement with Cormint for 12 MW Deployment
- Equipment Supply Agreement: Soluna Holdings has executed an agreement with Cormint Data Systems to support a 12 MW data center deployment at Project Kati 1 in Willacy County, Texas, marking a significant advancement in the company's green data center initiatives.
- Modular Design Benefits: The eight modular data center units under the agreement feature a patented pre-fabricated design with integrated 2MW transformers and high-performance cooling systems, aimed at accelerating deployment and reducing on-site labor requirements, thereby enhancing overall operational efficiency.
- Project Timeline: These modular units are expected to be delivered in Q1 2026 and commissioned by Q2 2026, demonstrating the company's commitment to meeting market demands for speed and reliability in infrastructure.
- Renewable Energy Strategy: The Kati 1 project is a wind-powered data center dedicated to Bitcoin mining, with the initial 12 MW deployment reinforcing Soluna's market position in renewable-powered digital infrastructure.
See More
Soluna Holdings Appoints CFO Michael Picchi to Drive Renewable Data Center Growth
- Executive Appointment: Soluna Holdings has appointed Michael Picchi as CFO and treasurer effective April 1, 2026, bringing experience from TECFusions where he served as CFO, which is expected to enhance the company's capital strategy supporting the expansion of renewable-powered data centers.
- Transition Plan: David Michaels, who has been serving as interim CFO since August 2025, will continue in this role until March 31, 2026, ensuring financial stability and continuity during the executive transition period.
- Market Reaction: Following the announcement, SLNH shares fell 4.2% in premarket trading to $1.599, indicating market caution regarding the potential impact of the new CFO and the company's future strategy.
- Business Context: Soluna Holdings focuses on renewable energy-driven data center operations, actively expanding its market share in response to growing AI compute demand, with Picchi's appointment seen as a crucial move to strengthen financial management and capital operations.
See More
Soluna Holdings Appoints New CFO to Drive Renewable Data Center Growth
- Executive Appointment: Soluna Holdings has appointed Michael Picchi as Chief Financial Officer effective April 1, 2026, who will lead the finance organization and support the capital strategy to enhance the company's expansion in renewable-powered data centers.
- Transition Management: David Michaels, who has served as Interim CFO since August 2025, will continue in his role until March 31, 2026, ensuring financial stability and strategic continuity during the executive transition period.
- Extensive Experience: Picchi brings over 30 years of financial management experience, having served as CFO at TECFusions, focusing on sustainable high-density AI infrastructure development, and his background is expected to strongly support Soluna's long-term growth strategy.
- Market Outlook: Picchi expressed excitement about Soluna's model, which effectively utilizes surplus clean energy by co-locating digital infrastructure with renewable generation, anticipating significant growth in the company's market share within the sustainable computing sector.
See More
Soluna Partners with Siemens to Deploy 2 MW Green Data Center Pilot
- Partnership Agreement: Soluna has signed a Memorandum of Understanding with Siemens to deploy a 2 MW pilot project at Project Grace in Texas, aimed at managing power demand fluctuations for AI and high-performance computing using renewable energy, thereby enhancing energy efficiency and stability in data centers.
- Technological Innovation: The pilot will integrate Siemens' electrical infrastructure and monitoring systems, documenting performance data through a structured commissioning process to ensure stability under rapid load changes, creating a replicable blueprint for future renewable energy computing deployments.
- Market Demand Response: As AI demand accelerates, the collaboration between Soluna and Siemens addresses the power demand fluctuations caused by GPU-driven workloads, not only increasing the utilization of renewable energy but also creating a win-win situation for power providers and customers.
- Future Outlook: Both parties anticipate validating an enterprise-grade renewable computing blueprint through this collaboration, combining Siemens' proven power infrastructure with Soluna's renewable-first data center model to drive faster scaling of AI and high-performance workloads while enhancing grid stability and energy efficiency.
See More
Monday's Underperformers: Real Estate and Application Software Stocks
Market Performance: Application software shares are lagging behind the market, down approximately 2% on Monday.
Notable Declines: Currenc Group and Soluna Holdings are leading the decline, with losses of about 14.8% and 13.9%, respectively.
Sector Laggards: The real estate sector is also mentioned as a laggard alongside application software stocks.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
See More
Synopsys Analyst Becomes Optimistic; Check Out the Top 3 Upgrades for Thursday
Analyst Upgrades: BTIG analyst Clark Lampen upgraded Unity Software Inc from Neutral to Buy with a price target of $60, while the stock closed at $48.98.
Soluna Holdings Upgrade: HC Wainwright & Co. analyst Kevin Dede upgraded Soluna Holdings Inc from Neutral to Buy, setting a price target of $5, with shares closing at $1.97.
Synopsys Inc Upgrade: B of A Securities analyst Vivek Arya upgraded Synopsys Inc from Neutral to Buy, increasing the price target from $500 to $560, as shares closed at $475.83.
Market Overview: The article provides insights into recent analyst rating changes for various stocks, highlighting potential investment opportunities.
See More
