StockWireNews
Low Float Nasdaq Bounce Idea (SLNH) Has 5 Must-See Potential Catalysts Before Thursday's Opening Bell
December 7th
Greetings Readers,
I've been tracking under-the-radar ideas on the Nasdaq and just came across something like I've never seen before.
Here's what I found interesting.
Renewable energy. One of the most talked about topics worldwide.
But one of the things not talked about when it comes to renewable energy? The amount of energy that is lost at renewable energy plants.
That can translate into big bucks $$ being flushed down the toilet or just not even realized by a company.
The profile I'm bringing to your attention has the answer for such issues and its technology could be a driving force for years, or even decades to come, as the call for renewable energy continues to spread globally.
To put it simply, this cutting-edge tech company could be uniquely positioned to thrive in the immediate future.
Now, before Wall Street realizes what they are up to, you could be in a great position to get them on your radar first.
And with this Nasdaq profile have several oversold leaning technicals suggesting a healthy reversal/bounce could be nearing, a low float, insider buying, and announced Q3 revenue growth over 100% YOY, it needs top spot on your watch-list now.
For Thursday, December 8th's opening bell, here's the top Nasdaq idea requiring immediate attention:
*Soluna Holdings, Inc. (SLNH)*
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bit-coin mining, AI and machine learning.
And right now, SLNH has multiple potential breakout catalysts to familiarize yourself with. Check them out:
No. 1 - A Low Float Could Provide Potential For Extreme Volatility
No. 2 - Could This Become December's Big Bounce/Reversal Idea? Key Technicals Lean Oversold
No. 3 - Insider Buying Throughout November Could Signal Something Big On The Horizon
No. 4 - The Company's Game-Changing Project Dorothy Gets A Major December Update
No. 5 - Q3 Revenue Growth Of Over 100% YOY Could Draw Serious Attention
But more on those in a second...
A Low-Cost Green Powered Data Center Operator with Multiple Paths to Grow
Soluna is a leading provider of low-cost renewable energy powered data centers. By bringing power demand to where electricity is generated, Soluna can purchase curtailed power that would have otherwise gone unsold.
Supporting growth in renewable electricity generation. By purchasing electricity that would have otherwise been unsold, Soluna helps improve project economics for renewable power and further its growth on the grid. Moreover, data centers can easily ramp down their power use to help balance the grid in times of extreme power demand.
Near-term energization of its flagship project will be game-changing for Soluna. Project Dorothy will more than double consolidated project cash flows and the installed base of megawatts under management when it receives final approval to begin operations in the coming months. The project will also be a replicable template that can be used in future data center projects.
A green play on the growth of Bit-coin mining. Soluna’s data centers are all powered by renewable power and have among the lowest electricity costs in the industry. The combination of green power and low cost makes the company’s data centers attractive to third-party hosted miners and gives Soluna an advantage when it is mining its own Bit-coin to be sold or when it is hosting other miners through JVs.
Strong project-level economics. Soluna targets a return on in-vest-ed capital (ROIC) of three years or less on its projects and it achieved a 2x return in 16 months on its first project, Edith. The return profile of the projects has attracted outside infrastructure in-vest-ors, notably Spring Lane Capital at Dorothy, and additional in-vest-ments could help accelerate growth and diversify future project risks.
Soluna Company Overview
Soluna, through its operating subsidiaries, builds, owns, and operates flexible, modular data centers that are co-located with renewable energy projects that have excess energy. By bringing demand to the source of generation, the company takes advantage of low-cost energy to power its data centers, which can be used for energy-intensive computing applications such as cryp-to-currency mining, artificial intelligence (AI), and machine learning (ML). Moreover, the flexibility and location of its data centers can help support renewable energy projects by helping them solve some of the challenges associated with intermittent energy generation such as curtailment, where the power plant can’t monetize all the energy it produces.
Soluna has two operational data center projects in Kentucky (Sophie and Marie) and is in the final stages of energizing Project Dorothy, its flagship project co-located at a 150 MW wind farm in Texas.
Phase 1 of Project Dorothy will be transformational for Soluna when it energizes in the coming months, with the potential to more than double the company’s megawatts under management and annual cash flow contribution.
Phase 2 of Project Dorothy will increase capacity and cash flow by another 50% when it comes online in late 2023.
Soluna is engaged in discussions with multiple renewable energy projects companies for additional data center sites, having hired Truist Securities to accelerate project financing for its future pipeline.
How It Works
Soluna is able to source low-cost power for its data centers by bringing demand to where renewable electricity is generated. The intermittent nature of renewables and congestion on the grid result in significant amounts of electricity from renewable projects being unsold or curtailed. Soluna can purchase that power at a low fixed cost and in turn help improve the economics for developers and support growth.
The company’s data centers are designed and purpose-built to work with the intermittent nature of renewable power. The data centers are a series of small modular prefabricated buildings that can easily be installed and linked together and flexibly scale energy consumption, unlike typical 24/7 large-scale warehouse-like data centers. Moreover, they are laid out so they can use ambient air for cooling and heating, eliminating the cost and environmental impact of climate systems and water usage.
The Market
To date, Soluna has been taking advantage of its low power costs to use its data centers to host cryp-to-currency miners and mine for itself and then sell the cryp-to-currency (primarily Bit-coin) for its own account. The pro-fit-ability of Bit-coin mining is a function of power and computing costs, Bit-coin market price, and network difficulty. These factors have been very volatile in past years, which, along with leverage and fixed-price contracts, have led to several high-profile bankruptcies and business failures of cryp-to-currency miners in recent months.
Given its low power prices, Soluna has positioned its data centers to be pro-fit-able during this ‘cryp-to-winter’ and benefit as marginal/higher-cost miners drop out and industry conditions improve.
The company is also actively engaged in securing its first non-cryp-to-currency customer in the batchable cloud computing market. This $100+Bn market is made up of universities, research institutions, and corporations in need of low-cost green computing power for compute-intensive cycles such as scientific research, AI, machine learning, and other compute-intensive tasks that are not on demand and can be paused if needed. This market is massively larger than the ~$6Bn digital currency computing market, but note that customer ramp-up might be slow at first as Soluna establishes its solution and brand in the marketplace.
The Problem Soluna Solves
Soluna provides a solution to the problem of the intermittent nature of renewable energy projects. By bringing demand to the source of generation, the company’s data centers can make renewable projects more attractive to developers (by buying curtailed power) as well as grid operators (by providing demand response), while at the same time supplying much needed green energy powered computing capacity.
Grab More SLNH Details From The Water Tower Research Report.
-----
And as I mentioned above, SLNH has several potential catalysts of note. Check them out:
No. 1 SLNH Potential Catalyst - A Low Float Could Provide Potential For Extreme Volatility
According to the Yahoo Finance website, SLNH has a low float.
The website reports this profile to have approximately 12.99Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could positive December company news help provide a near term spark?
-----
No. 2 SLNH Potential Catalyst - Could This Become December's Big Bounce/Reversal Idea? Key Technicals Lean Oversold
As of close Wednesday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal could be approaching in the near term.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (as of close Wednesday) that could signal SLNH to be leaning oversold and on the verge of a potential reversal.
- 9-Day Relative Strength Index: 25.80%
- 14-Day Relative Strength Index: 28.07%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 19.03%
- 14-Day Williams %R: 80.97%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
-----
No. 3 SLNH Potential Catalyst - Insider Buying Throughout November Could Signal Something Big On The Horizon
Throughout November, insiders were gobbling up shares like they were turkey and fixings.
To put it in perspective, Whale Wisdom is reporting that 9 different insiders bought shares throughout last month.
And not just a few shares...
Each individual scooped up at least 10k shares each!
Like I said, could something be cooking near term? Just another reason to watch this company closely before the new year.
-----
No. 4 SLNH Potential Catalyst - The Company's Game-Changing Project Dorothy Gets A Major December Update
Soluna Holdings, Inc. Provides Corporate Update
Project Dorothy Set to Energize in the First Quarter of 2023
ALBANY, N.Y., December 06, 2022--(BUSINESS WIRE)--Soluna Holdings, Inc. ("SHI" or the "Company"), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a developer of green data centers for Bit-coin mining and other intensive computing is providing the following corporate update.
The company’s Dorothy project, a 50MW facility in Texas continues to make steady progress through the regulatory process. The project is nearing the completion of the planning phase and will then advance into the modeling phase. The modeling phase is scheduled to complete in February when the project enters the operations phase where the logistics of a specific date for energization of the facility are set. This would put the project on track to begin energizing in the first quarter of 2023. The grid system operator, wind farm, and Soluna must coordinate physical logistics and other requirements as they drive to energize the site. Current target dates range from early February to early March as work is completed to integrate the facility with the grid.
Michael Toporek, CEO of Soluna Holdings, stated, "Through the market turbulence, we have remained focused to get Project Dorothy through the approval process. By working collaboratively with Texas regulators, the utilities, and the owner of the wind farm, we now have a clear path to energize the first 50MW of our Project Dorothy data center in Texas. We fundamentally believe Bit-coin and other intensive computing can be a major catalyst for the renewable energy industry, and this project will be a repeatable blueprint for future projects."
Once the Company energizes Dorothy, anticipated to be one of the lowest cost facilities of its kind in North America, it will continue to refine the economic model of the first 50MW of this 100MW site. ...
...
Read the full article here.
-----
No. 5 SLNH Potential Catalyst - Q3 Revenue Growth Of Over 100% YOY Could Draw Serious Attention
Soluna Holdings, Inc. Announces Q3 2022 Earnings
Project Dorothy Moves to Energization Date
ALBANY, N.Y., November 15, 2022--(BUSINESS WIRE)--Soluna Holdings, Inc. ("SHI" or the "Company"), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a developer of green data centers for cryp-to-currency mining and other intensive computing, reported fi-nan-cial results for the third quarter ended September 30, 2022.
Michael Toporek, CEO of Soluna Holdings, Inc., said, "In the quarter, Soluna continued to execute on our business plan delivering healthy hashrate and cash contribution margins despite low B-T-C prices and energy market volatility. We continue to focus our resources on energizing Project Dorothy, which we expect to double our existing operating footprint. Our team is working with ERCOT to finalize the details for an energization date. Dorothy is anticipated to be one of the lowest cost facilities of its kind in North America."
Third Quarter 2022 Fi-nan-cial Results
Key Fi-nan-cial Highlights for the third quarter include:
- Total revenue of $6.4Mn for the three-month period ended September 30, 2022, as compared to $3.1Mn for the same year-over-year period. The increase was driven primarily by an additional site operating in 2022.
- B-T-C equivalent mined increased 12.4% from the second quarter ended June 30, 2022. Peak hashrate remained above 1 EH/s during the quarter.
- Cryp-to-currency mining revenue of $5.4Mn for the three-month period ended September 30, 2022, as compared to $2.0Mn for the same year-over-year period. Megawatts deployed increased from approximately 2 megawatts at the beginning of 2021 to 20 megawatts for the Calvert City facility and 25 megawatts for the Murray facility in 2022.
...
Read the full article here.
-----
SLNH Recap - 5 Key Potential Breakout Catalysts To Know
No. 1 - A Low Float Could Provide Potential For Extreme Volatility
No. 2 - Could This Become December's Big Bounce/Reversal Idea? Key Technicals Lean Oversold
No. 3 - Insider Buying Throughout November Could Signal Something Big On The Horizon
No. 4 - The Company's Game-Changing Project Dorothy Gets A Major December Update
No. 5 - Q3 Revenue Growth Of Over 100% YOY Could Draw Serious Attention
-----
Coverage is officially initiated on SLNH. When time permits, do this:
