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

Core Viewpoint - TeraWulf Inc. (NASDAQ:WULF) has shown significant stock performance, rising by 16.52% to $16.62, driven by Morgan Stanley's positive outlook and an "overweight" rating with a price target of $37, indicating a 123% upside potential from its latest closing price [1][2]. Group 1: Company Performance - TeraWulf's stock surged due to Morgan Stanley's bullish coverage, which highlighted the company's transition from bitcoin mining to servicing the artificial intelligence sector [1][2]. - The company is set to release its earnings results for Q4 and full-year 2025 on February 26, after market close [3]. Group 2: Strategic Developments - TeraWulf has acquired two land parcels that can support 1,480 MW of new digital and power capacity, including a site in Hawesville, Kentucky, with 250 buildable acres and existing power operations of 480 MW [3][4]. - The Maryland site acquisition includes a 250-acre parcel housing the Morgantown Generating Station, capable of approximately 210 MW of operational generation capacity, with potential for expansion to 1 GW [4][5]. Group 3: Market Positioning - Morgan Stanley believes that once TeraWulf establishes data centers and long-term leases with reliable partners, the company will benefit from stable cash flow and asset valuation [2].