TeraWulf (WULF) Soars 16% After Morgan Stanley Posts Upbeat Rating

We recently published 10 Big Names With Effortless Double-Digit Gains. TeraWulf Inc. (NASDAQ:WULF) was one of the best performers on Monday.

TeraWulf soared by 16.52 percent on Monday to finish at $16.62 apiece as investors took heart from Morgan Stanley’s bullish coverage for its stock.

In a market report, the investment firm issued an “overweight” rating for TeraWulf Inc. (NASDAQ:WULF) with a price target of $37. The figure marked a 123 percent upside potential from its latest closing price.

According to Morgan Stanley, the company stands to benefit from its gradual transition to servicing the artificial intelligence sector from being a pure play bitcoin mining firm.

It said that once a miner has built a data center and signed a long-term lease contract with a creditworthy partner, the asset should be valued for its stability and ability to rake in cash flow in the long term.

Meanwhile, TeraWulf Inc. (NASDAQ:WULF) is scheduled to release the results of its earnings performance in the fourth quarter and full-year 2025 after market close on Thursday, February 26.

Earlier this month, TeraWulf Inc. (NASDAQ:WULF) announced the acquisition of two land parcels capable of housing 1,480 MW of new digital and power capacity.

The first one is a former industrial site in Hawesville, Kentucky, capable of housing 250 buildable acres for compute capacity, high-voltage transmission lines, an on-site energized substation, and a direct connection to the regional transmission network.

At present, the Hawesville site operates 480 MW of existing power and has the potential to expand over time. Redevelopment of the area is expected to occur in phases.

In Maryland, TeraWulf Inc. (NASDAQ:WULF) successfully acquired a 250-acre parcel of land, which currently houses the Morgantown Generating Station, a grid-connected power generation facility capable of powering approximately 210 MW of operational generation capacity.

The land currently houses substantial electrical infrastructure and associated real property, with the ability to house an expanded 1 GW power generation capacity.

While we acknowledge the potential of WULF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.