B. Riley Has Bullish Estimate for TeraWulf FY2025 Earnings

TeraWulf Inc. (NASDAQ:WULF) – B. Riley upped their FY2025 earnings estimates for TeraWulf in a research note issued to investors on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will earn ($0.03) per share for the year, up from their previous forecast of ($0.07). B. Riley has a “Buy” rating and a $10.00 price target on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. B. Riley also issued estimates for TeraWulf’s FY2026 earnings at $0.08 EPS.

WULF has been the subject of a number of other reports. Northland Securities lifted their price objective on TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Thursday, December 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research note on Wednesday, December 4th. Finally, Needham & Company LLC upped their target price on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TeraWulf currently has an average rating of “Buy” and a consensus price target of $8.64.

TeraWulf Stock Up 1.8 %

WULF opened at $6.61 on Monday. The company has a fifty day moving average price of $6.95 and a two-hundred day moving average price of $5.30. TeraWulf has a 52 week low of $1.24 and a 52 week high of $9.30.

Institutional Trading of TeraWulf

Several hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in shares of TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after acquiring an additional 1,408 shares in the last quarter. Chesapeake Capital Corp IL increased its holdings in TeraWulf by 6.6% during the 3rd quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock worth $136,000 after purchasing an additional 1,700 shares in the last quarter. Amalgamated Bank raised its stake in shares of TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of TeraWulf by 13.3% in the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after purchasing an additional 4,093 shares in the last quarter. Finally, Aspect Partners LLC acquired a new position in shares of TeraWulf during the third quarter worth about $26,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

About TeraWulf

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.