TeraWulf (NASDAQ:WULF) Shares Gap Up – Still a Buy?

Shares of TeraWulf Inc. (NASDAQ:WULF) gapped up before the market opened on Tuesday . The stock had previously closed at $13.44, but opened at $15.07. TeraWulf shares last traded at $14.8580, with a volume of 9,249,123 shares.

Key TeraWulf News

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Acquisitions add ~1.5 GW, expanding portfolio to ~2.8 GW and supporting 250–500 MW of targeted new contracted capacity annually — a material scale-up that strengthens TeraWulf’s energy-advantaged data center/AI hosting thesis. TeraWulf Expands Digital and Power Infrastructure Portfolio
• Positive Sentiment: Forbes frames the deal as positioning TeraWulf as a utility-scale digital infrastructure player and notes the market reaction (pre-market lift), highlighting investor excitement about using the new sites for AI/HPC workloads beyond bitcoin mining. How The Bitcoin Miner TeraWulf Is Now A Utility Giant
• Positive Sentiment: Needham & Company reaffirmed a “buy” rating with a $21 price target (roughly ~40% upside from current levels), lending analyst support to the growth story. Benzinga – Analyst Note
• Positive Sentiment: Site specifics: Hawesville (KY) offers ~480 MW immediate power availability and low-latency access to Midwest markets; Morgantown (MD) brings ~210 MW operational generation with potential to expand toward 1 GW and PJM market access — both attractive for scale and grid reliability. Why is TeraWulf stock rallying more than 10% after hours?
• Neutral Sentiment: Multiple outlets are reporting and contextualizing the price move (coverage amplified the story), which can increase short-term liquidity and attention but doesn’t by itself change fundamentals. Business Insider – Hawesville Campus
• Negative Sentiment: TeraWulf announced a proposed $3.2 billion notes offering — a large debt raise that can fund expansion but increases leverage and interest obligations; investors should watch terms, dilution risk from any convertible features, and impact on balance sheet (company already shows high debt-to-equity). TeraWulf Inc Announces $3.2 Billion Notes Offering
• Negative Sentiment: Execution and regulatory risk remain: the Morgantown closing is subject to third‑party consents and FERC/other approvals, and the company will need to secure customers for HPC/AI capacity to realize revenue — delays or weak leasing would hurt near‑term returns. QuiverQuant Summary

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Oppenheimer initiated coverage on shares of TeraWulf in a report on Tuesday, October 28th. They issued an “outperform” rating and a $20.00 price target on the stock. UBS Group set a $18.25 price target on TeraWulf in a report on Friday, October 24th. Citizens Jmp increased their price objective on TeraWulf from $18.00 to $22.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 29th. Wall Street Zen downgraded TeraWulf from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Finally, Citigroup reiterated a “market outperform” rating on shares of TeraWulf in a report on Tuesday, November 11th. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.15.

TeraWulf Price Performance

The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day simple moving average of $13.56 and a 200 day simple moving average of $11.52. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of -10.37 and a beta of 3.69.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Monday, November 10th. The company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.09). TeraWulf had a negative return on equity of 69.75% and a negative net margin of 336.53%.The company had revenue of $50.58 million for the quarter, compared to analyst estimates of $56.27 million. The firm’s revenue for the quarter was up 86.9% on a year-over-year basis. Equities research analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity at TeraWulf

In other news, Director Michael C. Bucella purchased 4,178 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $12.01 per share, with a total value of $50,177.78. Following the completion of the acquisition, the director owned 266,958 shares in the company, valued at $3,206,165.58. This trade represents a 1.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 19.90% of the company’s stock.

Institutional Trading of TeraWulf

Several institutional investors have recently added to or reduced their stakes in WULF. Vanguard Group Inc. grew its holdings in shares of TeraWulf by 37.4% during the 4th quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock worth $386,558,000 after acquiring an additional 9,162,958 shares during the period. Voloridge Investment Management LLC bought a new position in TeraWulf in the third quarter worth approximately $69,006,000. Wellington Management Group LLP lifted its holdings in TeraWulf by 36,193.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after purchasing an additional 3,891,127 shares in the last quarter. Bank of America Corp DE increased its holdings in TeraWulf by 22.2% in the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock valued at $63,038,000 after acquiring an additional 2,617,617 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of TeraWulf in the third quarter valued at $27,220,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

About TeraWulf

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.