SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Releases Earnings Results

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) issued its quarterly earnings data on Friday. The company reported ($1.43) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.29 million for the quarter.

Here are the key takeaways from SharonAI Holdings, Inc. Class A Common Stock’s conference call:

• SharonAI said it has now secured more than $2.2 billion of contracted TCV, driven by major wins including the $1.25 billion ESDS deal and a $950 million 5-year contract announced this week. Management also said it expects an exit-2026 revenue run rate of at least $470 million.
• The company announced an upgrade to its data center footprint, saying it now expects over 100 MW of capacity by early 2027, up from 70 MW previously. Management framed this as evidence of strong power and infrastructure access to support future demand.
• Management emphasized that its business is built around 5-year-plus, take-or-pay contracts, which they believe provide revenue visibility and encourage renewals. They also said customer contracts often include storage, which they view as a key driver of stickiness and expansion over time.
• SharonAI highlighted strong demand versus constrained GPU supply, saying it is able to bring clusters online relatively quickly through supply-chain planning and partner relationships. The company said pricing remains strong and customers are increasingly locking in longer-term capacity.
• The company said it realized a $74 million gain from exiting its Texas Critical Data Centers project, calling it a non-core but profitable development opportunity. Management said the proceeds can be recycled into the core GPU business.

SharonAI Holdings, Inc. Class A Common Stock Stock Down 3.1%

NASDAQ:SHAZ opened at $53.93 on Friday. SharonAI Holdings, Inc. Class A Common Stock has a one year low of $1.90 and a one year high of $178.00. The firm’s fifty day moving average is $33.57.

Analysts Set New Price Targets

SHAZ has been the subject of several research analyst reports. Compass Point initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a research report on Wednesday, April 22nd. They set a “buy” rating and a $50.00 price objective for the company. Cantor Fitzgerald initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a research report on Thursday, April 9th. They set an “overweight” rating and a $40.00 price objective for the company. Weiss Ratings initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a research report on Friday, February 20th. They set a “sell (d)” rating for the company. Finally, Wall Street Zen raised SharonAI Holdings, Inc. Class A Common Stock from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.00.

About SharonAI Holdings, Inc. Class A Common Stock

SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company’s products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding.