TeraWulf Inc. (NASDAQ:WULF – Get Free Report) shares reached a new 52-week low during trading on Thursday after Sanford C. Bernstein lowered their price target on the stock from $36.00 to $20.00. Sanford C. Bernstein currently has an outperform rating on the stock. TeraWulf traded as low as $10.19 and last traded at $9.9040, with a volume of 13,071,237 shares trading hands. The stock had previously closed at $11.70.
Several other equities research analysts also recently weighed in on WULF. Rothschild & Co Redburn initiated coverage on shares of TeraWulf in a research report on Monday, September 21st. They issued a “neutral” rating and a $15.00 target price for the company. B. Riley Financial dropped their price objective on shares of TeraWulf from $40.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Morgan Stanley increased their price target on TeraWulf from $62.50 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. Zacks Research lowered shares of TeraWulf from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Finally, Needham & Company LLC boosted their price target on shares of TeraWulf from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.05.
Read Our Latest Research Report on WULF
Insider Activity
In related news, Director Michael C. Bucella bought 6,085 shares of TeraWulf stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of $14.79 per share, for a total transaction of $89,997.15. Following the acquisition, the director owned 350,789 shares in the company, valued at $5,188,169.31. This trade represents a 1.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Walter E. Carter sold 130,626 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 229,090 shares of the company’s stock, valued at $3,468,422.60. The trade was a 36.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders bought a total of 11,968 shares of company stock worth $189,962 in the last three months. 15.90% of the stock is owned by insiders.
Key TeraWulf News
Here are the key news stories impacting TeraWulf this week:
- Positive Sentiment: Google will backstop financing for TeraWulf’s approximately $19 billion Anthropic lease at its Hawesville, Kentucky campus. If Anthropic defaults or becomes insolvent, Google can assume the lease, giving lenders stronger credit support and potentially improving financing terms. Reuters article
- Positive Sentiment: TeraWulf also signed a definitive engineering, procurement and construction agreement with Fluor for its Kentucky data-center campus. The agreement uses a guaranteed-maximum-price structure, which may help contain construction-cost risk; project delivery is planned in phases from late 2027 through the second quarter of 2028. Fluor contract announcement
- Positive Sentiment: Sanford C. Bernstein lowered its price target to $20 from $36 but kept an “outperform” rating. The revised target still signals substantial potential upside from the cited $11.11 share price, though the sharp reduction reflects a more cautious valuation view. Price target report
- Neutral Sentiment: Investors will look for details at the Nov. 6 earnings call on lease economics, project financing costs and construction spending. Those details could clarify how the new contracts translate into cash flow and whether the build-out stays on track.
- Negative Sentiment: Google’s backing did not prevent pressure on WULF amid a broad selloff in AI data-center stocks. The market may remain wary of the time and capital required to complete the campus. Sector selloff report
- Negative Sentiment: Execution and funding risks remain significant: TeraWulf has high leverage and tight liquidity, and the multi-year construction schedule leaves room for delays or cost pressures. These concerns may temper the positive impact of the credit backstop and EPC deal.
Institutional Trading of TeraWulf
Several large investors have recently modified their holdings of WULF. AlphaCore Capital LLC acquired a new position in TeraWulf in the third quarter worth about $245,000. Fulcrum Asset Management LLP boosted its holdings in TeraWulf by 368.3% during the third quarter. Fulcrum Asset Management LLP now owns 82,558 shares of the company’s stock valued at $1,246,000 after purchasing an additional 64,928 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in TeraWulf by 16.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 976,923 shares of the company’s stock valued at $14,566,000 after purchasing an additional 137,020 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in TeraWulf by 7.3% during the third quarter. Pictet Asset Management Holding SA now owns 73,421 shares of the company’s stock valued at $1,087,000 after purchasing an additional 5,012 shares in the last quarter. Finally, Kraematon Investment Advisors Inc. grew its stake in shares of TeraWulf by 10.3% in the 3rd quarter. Kraematon Investment Advisors Inc. now owns 46,125 shares of the company’s stock valued at $683,000 after purchasing an additional 4,325 shares during the period. 62.49% of the stock is owned by institutional investors.
TeraWulf Stock Performance
The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a 50 day moving average price of $14.43 and a two-hundred day moving average price of $17.97. The company has a market capitalization of $4.98 billion, a P/E ratio of -2.31 and a beta of 4.00.
TeraWulf (NASDAQ:WULF – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%. The company had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. During the same quarter last year, the business earned ($0.05) EPS. TeraWulf’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, research analysts expect that TeraWulf Inc. will post -1.04 earnings per share for the current fiscal year.
TeraWulf Company Profile
TeraWulf Inc is a digital asset infrastructure company focused primarily on developing and operating environmentally conscious data centers for bitcoin mining and other high-performance computing applications. The company emphasizes the use of low-carbon energy, including nuclear and hydroelectric power, to support energy-intensive computing operations.
TeraWulf operates mining and data center facilities in the United States, including the Lake Mariner site in New York and the Nautilus Cryptomine facility in Pennsylvania.
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