TeraWulf (NASDAQ:WULF) Shares Up 11.2% Following Analyst Upgrade

TeraWulf Inc. (NASDAQ:WULF)’s share price was up 11.2% during trading on Wednesday after Needham & Company LLC raised their price target on the stock from $28.00 to $33.00. Needham & Company LLC currently has a buy rating on the stock. TeraWulf traded as high as $22.90 and last traded at $22.5080. Approximately 9,863,648 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 31,010,832 shares. The stock had previously closed at $20.24.

WULF has been the topic of a number of other research reports. Cantor Fitzgerald upped their price target on shares of TeraWulf from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Lucid Cap Mkts upgraded shares of TeraWulf to a “strong-buy” rating in a research note on Wednesday, May 27th. Sanford C. Bernstein initiated coverage on shares of TeraWulf in a report on Wednesday, June 3rd. They set an “outperform” rating and a $46.00 price objective on the stock. Roth Capital reissued a “buy” rating and issued a $32.00 target price on shares of TeraWulf in a research report on Friday, April 17th. Finally, Bank of America initiated coverage on TeraWulf in a research report on Monday, June 15th. They set a “buy” rating and a $34.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.25.

Insider Activity

In other news, CEO Paul B. Prager sold 166,650 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $24.43, for a total value of $4,071,259.50. Following the completion of the transaction, the chief executive officer owned 4,249,202 shares of the company’s stock, valued at $103,808,004.86. The trade was a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 520,850 shares of company stock valued at $12,221,864. Insiders own 15.90% of the company’s stock.

Trending Headlines about TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf’s $19 billion Anthropic lease could create decades of predictable cash flow and marks a major pivot toward AI infrastructure revenue. Reuters: TeraWulf jumps on $19 billion data center lease deal with Anthropic
• Positive Sentiment: Several brokerages raised targets and reiterated bullish ratings after the deal, including Bernstein, B. Riley, Rosenblatt and Needham, reinforcing the view that the stock may still have meaningful upside. Yahoo Finance: Bernstein Sees 70% Upside In TeraWulf’s Stock
• Positive Sentiment: TeraWulf also sold its Abernathy joint venture stake, giving it fresh capital to fund AI campus expansion without relying as heavily on dilution or expensive debt. MarketBeat: How TeraWulf’s Anthropic Deal Booted Up a $19B AI Empire
• Neutral Sentiment: Management said the Kentucky buildout is a multi-year project, with initial capacity expected in the second half of 2027, so the revenue upside will not all hit immediately. Business Insider: A new Kentucky AI data center will power Anthropic as part of a 20-year deal
• Neutral Sentiment: Some coverage noted the stock is prone to sharp swings and recent profit-taking after the big run-up, which may limit near-term momentum. Yahoo Finance: Profit-Taking Drags Terawulf (WULF) Shares by 8.87%
• Negative Sentiment: Analysts and commentators still point to TeraWulf’s heavy leverage and weak legacy mining fundamentals, so execution risk remains a concern despite the upbeat AI story. Yahoo Finance: TeraWulf (WULF) Stock Looks Overvalued As Returns Shine But Book Value Falters

Institutional Investors Weigh In On TeraWulf

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in TeraWulf by 37.4% in the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after buying an additional 9,162,958 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in TeraWulf by 45.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 140,101 shares of the company’s stock worth $1,610,000 after purchasing an additional 43,574 shares during the period. Pictet Asset Management Holding SA raised its holdings in TeraWulf by 178.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 151,005 shares of the company’s stock worth $1,735,000 after purchasing an additional 96,843 shares during the period. GeoSphere Capital Management LLC purchased a new position in TeraWulf during the fourth quarter worth approximately $2,872,000. Finally, Fortress Investment Group LLC purchased a new position in TeraWulf during the third quarter worth approximately $1,713,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

The company has a debt-to-equity ratio of 33.00, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a fifty day simple moving average of $24.47 and a 200 day simple moving average of $18.47. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of -9.07 and a beta of 3.73.

TeraWulf (NASDAQ:WULF) last announced its earnings results on Friday, May 8th. The company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.82). TeraWulf had a negative return on equity of 305.07% and a negative net margin of 611.46%.The business had revenue of $34.01 million for the quarter, compared to analyst estimates of $34.69 million. During the same period in the previous year, the company earned ($0.16) earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts anticipate that TeraWulf Inc. will post -0.96 earnings per share for the current fiscal year.

TeraWulf Company Profile

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.