B. Riley Predicts TeraWulf’s FY2025 Earnings (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) – B. Riley upped their FY2025 earnings per share (EPS) estimates for TeraWulf in a research report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will earn ($0.03) per share for the year, up from their previous forecast of ($0.07). B. Riley currently has a “Buy” rating and a $10.00 target price 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.

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

TeraWulf Stock Performance

NASDAQ WULF opened at $6.23 on Monday. TeraWulf has a 1 year low of $1.24 and a 1 year high of $9.30. The stock’s 50-day moving average price is $6.98 and its two-hundred day moving average price is $5.33.

Hedge Funds Weigh In On TeraWulf

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of TeraWulf by 12.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock valued at $33,623,000 after buying an additional 820,354 shares in the last quarter. State Street Corp lifted its stake in TeraWulf by 3.8% in the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock valued at $29,405,000 after acquiring an additional 227,186 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in TeraWulf in the second quarter worth approximately $22,443,000. Hood River Capital Management LLC acquired a new position in shares of TeraWulf during the 2nd quarter worth $20,532,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of TeraWulf by 258.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after purchasing an additional 1,704,013 shares during the last quarter. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Company Profile

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.