TeraWulf price target raised to $26 from $24 at Roth Capital

Roth Capital analyst Darren Aftahi raised the firm’s price target on TeraWulf (WULF) to $26 from $24 and keeps a Buy rating on the shares after its Q3 results. The company’s power pipeline is bigger than assumed, and the firm believes that TeraWulf could have over five “execution-ready” sites, putting it on a path to 250-500MW of contracted CITL per year, the analyst tells investors in a research note.