B. Riley Has Strong Estimate for TeraWulf FY2025 Earnings

TeraWulf Inc. (NASDAQ:WULF) – B. Riley raised their FY2025 earnings per share estimates for TeraWulf in a research note issued on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of ($0.03) for the year, up from their prior estimate 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.

Other equities research analysts have also issued reports about the company. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of TeraWulf in a research report on Thursday, December 5th. Needham & Company LLC increased their target price on shares of TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Northland Securities reaffirmed an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research report on Wednesday, December 4th. Finally, Stifel Canada cut shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Up 7.2 %

NASDAQ:WULF opened at $6.23 on Monday. The business’s 50 day moving average is $6.98 and its two-hundred day moving average is $5.33. TeraWulf has a 52 week low of $1.24 and a 52 week high of $9.30.

Institutional Investors Weigh In On TeraWulf

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aspect Partners LLC acquired a new position in TeraWulf during the third quarter worth about $26,000. Amalgamated Bank boosted its position in shares of TeraWulf by 57.7% during 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 in the last quarter. FMR LLC grew its stake in shares of TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after purchasing an additional 1,408 shares during the last quarter. KBC Group NV bought a new stake in shares of TeraWulf in the 3rd quarter worth approximately $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in TeraWulf during the second quarter valued at approximately $44,000. Institutional investors own 62.49% of the company’s stock.

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.