Q3 EPS Estimates for TeraWulf Raised by Northland Securities

TeraWulf Inc. (NASDAQ:WULF) – Investment analysts at Northland Securities raised their Q3 2026 earnings estimates for TeraWulf in a research note issued to investors on Friday, May 8th. Northland Securities analyst M. Grondahl now expects that the company will post earnings per share of ($0.26) for the quarter, up from their prior estimate of ($0.27). The consensus estimate for TeraWulf’s current full-year earnings is ($0.49) per share.

WULF has been the subject of a number of other research reports. Keefe, Bruyette & Woods decreased their price objective on shares of TeraWulf from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Roth Mkm reiterated a “buy” rating and issued a $32.00 target price on shares of TeraWulf in a research report on Friday, April 17th. Arete Research initiated coverage on shares of TeraWulf in a research note on Monday, March 23rd. They issued a “buy” rating and a $30.00 price objective for the company. Citigroup reaffirmed an “outperform” rating on shares of TeraWulf in a research note on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $41.50 price objective on shares of TeraWulf in a research note on Monday, April 27th. Twelve research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.75.

TeraWulf Trading Down 0.1%

TeraWulf stock opened at $23.37 on Tuesday. The company has a 50 day moving average price of $17.76 and a 200 day moving average price of $15.29. TeraWulf has a 52 week low of $3.09 and a 52 week high of $25.76. The company has a debt-to-equity ratio of 33.00, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of -9.42 and a beta of 3.84.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings data on Friday, May 8th. The company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.82). TeraWulf had a negative return on equity of 196.13% and a negative net margin of 611.46%.The firm had revenue of $34.01 million during the quarter, compared to analyst estimates of $34.69 million. During the same period in the prior year, the business posted ($0.16) EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis.

Insider Activity at TeraWulf

In other TeraWulf news, Director Michael C. Bucella acquired 1,665 shares of TeraWulf stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of $15.04 per share, with a total value of $25,041.60. Following the purchase, the director owned 280,052 shares in the company, valued at approximately $4,211,982.08. This trade represents a 0.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul B. Prager sold 79,200 shares of TeraWulf stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $20.62, for a total transaction of $1,633,104.00. Following the completion of the sale, the chief executive officer directly owned 884,320 shares of the company’s stock, valued at approximately $18,234,678.40. The trade was a 8.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders acquired 13,094 shares of company stock valued at $200,392 and sold 954,200 shares valued at $16,390,854. 15.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in TeraWulf in the 3rd quarter worth $29,000. Vermillion Wealth Management Inc. raised its holdings in TeraWulf by 1,191.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock worth $30,000 after acquiring an additional 2,394 shares during the period. Solstein Capital LLC bought a new position in TeraWulf in the 4th quarter worth $34,000. Comerica Bank raised its holdings in TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock worth $35,000 after acquiring an additional 12,370 shares during the period. Finally, First United Bank & Trust bought a new position in TeraWulf in the 1st quarter worth $37,000. Institutional investors own 62.49% of the company’s stock.

TeraWulf News Summary

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target on TeraWulf to $31 from $30 and kept an overweight rating, signaling confidence in the company’s growth outlook and HPC revenue potential.
• Positive Sentiment: Rosenblatt reaffirmed its buy rating and set a $27 target, citing HPC revenue crossover as a key reason for optimism. Article Title
• Positive Sentiment: Needham lifted its target to $28 from $22 and maintained a buy rating, adding to the broad analyst support behind the stock.
• Positive Sentiment: Several reports highlighted that TeraWulf’s Q1 results, while mixed, showed improving HPC lease revenue at Lake Mariner, reinforcing the market’s AI/infrastructure thesis. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be a current driver of the move.
• Neutral Sentiment: Some commentary noted the stock’s rich valuation and balance-sheet risks, including leverage and dilution concerns, which could cap upside if HPC growth disappoints. Article Title
• Negative Sentiment: TeraWulf also reported a wider-than-expected Q1 loss and lower year-over-year revenue, reflecting ongoing weakness in its digital asset segment even as HPC revenue grows. Article Title

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.