Critical Comparison: Iris Energy (NASDAQ:IREN) & Soluna (NASDAQ:SLNH)

Iris Energy (NASDAQ:IREN) and Soluna (NASDAQ:SLNH) are both oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, profitability, valuation, analyst recommendations, dividends, earnings and risk.

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Iris Energy and Soluna, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Iris Energy	0	1	9	1	3.00
Soluna	0	0	0	0	0.00

Iris Energy presently has a consensus price target of $15.44, suggesting a potential upside of 43.27%. Given Iris Energy’s stronger consensus rating and higher possible upside, equities analysts clearly believe Iris Energy is more favorable than Soluna.

Earnings and Valuation

This table compares Iris Energy and Soluna”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Iris Energy	$188.76 million	10.73	-$28.95 million	N/A	N/A
Soluna	$21.07 million	1.36	-$29.20 million	($14.56)	-0.24

Iris Energy has higher revenue and earnings than Soluna.

Institutional and Insider Ownership

41.1% of Iris Energy shares are held by institutional investors. Comparatively, 23.2% of Soluna shares are held by institutional investors. 21.6% of Iris Energy shares are held by company insiders. Comparatively, 27.3% of Soluna shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Profitability

This table compares Iris Energy and Soluna’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Iris Energy	N/A	N/A	N/A
Soluna	-75.30%	-45.29%	-24.41%

Volatility & Risk

Iris Energy has a beta of 3.39, suggesting that its share price is 239% more volatile than the S&P 500. Comparatively, Soluna has a beta of 2.93, suggesting that its share price is 193% more volatile than the S&P 500.

Summary

Iris Energy beats Soluna on 12 of the 13 factors compared between the two stocks.

About Iris Energy

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

About Soluna

Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.