Movement Alert｜TeraWulf Inc. Intraday Rise 6.1% in Regular Trading, bullish initiations and Kentucky power approval remain in focus

Market Focus10-26 22:59

On October 26, TeraWulf Inc. rose 6.1% in Regular Trading, trading near $12.02 per share, with turnover of $192 million.

The move coincided with continued market digestion of recently announced analyst coverage and the company’s approved power arrangement for its Kentucky data campus.

Background details show TeraWulf Inc. received regulatory approval for up to 482 megawatts of electric service for its Hancock County, Kentucky site, strengthening planned HPC and AI data center hosting capacity. Separately, several firms initiated or maintained constructive views, including a Buy rating with a $24 target, an Outperform rating with a $31 target, and an Overweight rating maintained alongside a revised $62.50 target. These updates added to a broader positive analyst backdrop around the name.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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