Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<ul><li>Belizaire highlighted that the third quarter was exceptionally active, marked by significant financial and operational achievements, demonstrating strong growth for the company.</li><li>Financially, the quarter saw a 36% increase in revenue, surpassing $8 million, and a 28% rise in gross profit.</li><li>The balance sheet was substantially strengthened, with the cash position swelling to more than $60 million, following a successful capital formation, including raising more than $64 million through various equity and debt instruments. </li></ul>

Belizaire highlighted that the third quarter was exceptionally active, marked by significant financial and operational achievements, demonstrating strong growth for the company.Financially, the quarter saw a 36% increase in revenue, surpassing $8 million, and a 28% rise in gross profit.The balance sheet was substantially strengthened, with the cash position swelling to more than $60 million, following a successful capital formation, including raising more than $64 million through various equity and debt instruments. 

SLNH: Solid 3Q25; 36% Revenue Growth; $100-Million Credit Facility; Strong 2026 Outlook

Soluna Holdings

SLNH: Solid 3Q25; 36% Revenue Growth; $100-Million Credit Facility; Strong 2026 Outlook