WULF — TeraWulf Inc. - Common Stock
Session close: $12.56. Regular-session share volume: 41,877,839. Change from previous close: +1.45%.
Key developments
TeraWulf drew continued analyst support after its third-quarter report, with Needham and Rosenblatt reiterating Buy ratings while trimming targets. Analysts pointed to a revenue beat driven by high-performance computing lease revenue, Google's investment-grade credit backstop for the large Anthropic lease, and an EPC contract that clears the runway for project financing, with management targeting a substantial annualized lease revenue rate by early next year.
Company news TeraWulf Analysts Stay Bullish After Google Backstops $19 Billion Anthropic Lease · Company news WULF Q3 Earnings Call Highlights AI Expansion and Funding Plans
Jefferies lowered its target but kept a Buy, noting significant contracted capacity while applying an execution discount for limited actual megawatt delivery; Northland also cut its target while maintaining Buy. Rosenblatt noted the quarter's adjusted EBITDA loss stemmed from pre-revenue and uncontracted-site development costs.
Company news Jefferies Adjusts Price Target for TeraWulf · Company news Northland Securities Maintains Buy Rating on TeraWulf, Adjusts Price Target to $22.50 · Company news TeraWulf Analysts Stay Bullish After Google Backstops $19 Billion Anthropic Lease
News sources
Company news Citigroup Maintains Buy on TeraWulf, Lowers Price Target to $24 · Company news Morgan Stanley Maintains Overweight on TeraWulf, Lowers Price Target to $47 · Company news Wells Fargo Maintains Overweight on TeraWulf, Lowers Price Target to $22 · Company news Jefferies Adjusts Price Target for TeraWulf · Company news Northland Securities Maintains Buy Rating on TeraWulf, Adjusts Price Target to $22.50 · Company news WULF Q3 Earnings Call Highlights AI Expansion and Funding Plans · Company news TeraWulf Analysts Stay Bullish After Google Backstops $19 Billion Anthropic Lease · Company news Rosenblatt Maintains Buy on TeraWulf, Lowers Price Target to $20