Northland Securities Comments on TeraWulf FY2026 Earnings

TeraWulf Inc. (NASDAQ:WULF) – Equities researchers at Northland Securities decreased their FY2026 earnings per share (EPS) estimates for shares of TeraWulf in a report released on Friday, November 6th. Northland Securities analyst M. Grondahl now anticipates that the company will post earnings per share of ($1.52) for the year, down from their previous estimate of ($1.23). The consensus estimate for TeraWulf’s current full-year earnings is ($1.09) per share. Northland Securities also issued estimates for TeraWulf’s Q4 2026 earnings at ($0.22) EPS.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Friday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. The business had revenue of $76.23 million for the quarter, compared to analysts’ expectations of $62.49 million. TeraWulf had a positive return on equity of 336.44% and a negative net margin of 410.92%. The firm’s quarterly revenue was up 50.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.13) EPS.

Several other equities analysts also recently weighed in on the stock. Freedom Capital upgraded shares of TeraWulf to a “strong-buy” rating in a research note on Tuesday, September 8th. HC Wainwright restated a “buy” rating on shares of TeraWulf in a research note on Friday, August 21st. Rothschild & Co Redburn assumed coverage on shares of TeraWulf in a report on Monday, September 21st. They issued a “neutral” rating and a $15.00 price objective for the company. UBS Group initiated coverage on shares of TeraWulf in a report on Wednesday, September 23rd. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Rosenblatt Securities reduced their price objective on shares of TeraWulf from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.18.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $12.56 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. The firm has a market capitalization of $6.30 billion, a PE ratio of -3.84 and a beta of 4.00. TeraWulf has a twelve month low of $9.51 and a twelve month high of $29.84. The company has a 50-day moving average price of $14.10 and a two-hundred day moving average price of $17.94.

Institutional Investors Weigh In On TeraWulf

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in TeraWulf by 25.2% during the second quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock valued at $84,000 after acquiring an additional 681 shares in the last quarter. CoreCap Advisors LLC lifted its stake in TeraWulf by 106.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock worth $36,000 after purchasing an additional 747 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in TeraWulf by 0.5% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 162,925 shares of the company’s stock worth $2,411,000 after purchasing an additional 850 shares in the last quarter. State of Wyoming lifted its stake in TeraWulf by 13.5% in the 3rd quarter. State of Wyoming now owns 7,331 shares of the company’s stock worth $108,000 after purchasing an additional 870 shares in the last quarter. Finally, Vima LLC boosted its holdings in TeraWulf by 0.7% in the 3rd quarter. Vima LLC now owns 145,545 shares of the company’s stock valued at $2,154,000 after purchasing an additional 1,034 shares during the period. 62.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TeraWulf news, Director Walter E. Carter sold 130,626 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $15.14, for a total value of $1,977,677.64. Following the completion of the transaction, the director owned 229,090 shares in the company, valued at $3,468,422.60. This trade represents a 36.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul B. Prager sold 137,500 shares of TeraWulf stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $17.06, for a total value of $2,345,750.00. Following the transaction, the chief executive officer directly owned 3,807,552 shares of the company’s stock, valued at $64,956,837.12. The trade was a 3.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have purchased 11,968 shares of company stock valued at $189,962. Corporate insiders own 15.90% of the company’s stock.

TeraWulf News Roundup

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf says it is targeting $700 million in annualized lease revenue by Q1 2027 as it expands AI infrastructure. The plan cites Google credit support and disciplined funding, supporting the company’s growth outlook. Article: WULF Q3 Earnings Call Highlights AI Expansion and Funding Plans
• Neutral Sentiment: Analysts lowered their price targets, but maintained Buy or Overweight ratings: Jefferies to $14, Citi to $24, Morgan Stanley to $47 and Wells Fargo to $22; Rosenblatt and Needham also cut targets on Nov. 9, to $20 and $25, respectively. The revisions flag reduced expectations, though the ratings and targets still indicate potential upside from the quoted share price. Read More., Read More., Read More., Read More., Read More. and Read More..
• Negative Sentiment: TeraWulf is taking Lansing to court over records requests as a proposed data-center ban advances. The dispute adds regulatory uncertainty to its data-center expansion plans. Article: TeraWulf Takes Lansing to Court
• Neutral Sentiment: A short-interest report describes a large increase but lists short interest as zero shares, making the reported figure internally inconsistent and difficult to interpret.

About TeraWulf

TeraWulf, Inc. develops and operates digital infrastructure, including facilities for Bitcoin mining and high-performance computing (HPC). The company focuses on locating its operations near sources of low-carbon energy and offers data center capacity designed for energy-intensive computing. Its Lake Mariner facility in New York is a key site for its mining and data center activities. TeraWulf has also operated in Pennsylvania through the Nautilus Cryptomine facility, reflecting its history of developing energy-intensive operations in the northeastern United States.