
TeraWulf's WULF.O shares rise nearly 7% to about $14.7 in premarket trading, after co reports preliminary Q3 results
Co expands partnership with Fluidstack, which represents about $9.5 bln in contracted revenue
It expects Q3 adj. core profit between $15 mln and $19 mln
Oppenheimer initiates co with 'outperform' rating, sets PT at $20; new PT represents 46.6% upside on stock's last close
Brokerage says WULF is transitioning from a bitcoin miner to a high performance compute AI infrastructure company
Says co's infrastructure has enabled it to sign attractive contracts with highest credit quality customers in the AI industry
11 of 12 brokerages rate stock "buy" or higher and one "hold"; their median PT is $15.25 - data compiled by LSEG
As of last close, shares up about 141% YTD