Movement Alert｜TeraWulf Inc. Intraday Rise 7.01% in Regular Trading, upbeat analyst initiations and Kentucky power approval remain in focus

Market Focus10-27 21:43

On October 27, TeraWulf Inc. rose 7.01% in Regular Trading, trading at $12.66 per share, with turnover of $57.81 million.

The move coincided with continued market digestion of recent positive analyst coverage and the previously announced regulatory approval for power service at its Kentucky data campus.

Background disclosures show the company received approval for up to 482 megawatts of electric service for its Hancock County, Kentucky data campus, strengthening its HPC and AI data center hosting infrastructure pipeline. On the analyst side, UBS initiated with a Buy rating and a $24 price target, William Blair initiated with Outperform and a $31 target, while Morgan Stanley maintained an Overweight stance. These developments have remained the main public catalysts cited around the stock’s recent strength.

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