5 Best 52-Week High US Stocks to Buy

2. Terawulf Inc (NASDAQ:WULF)

Stock Price as of April 21: $20.53

52-Week Range: $2.65 – $20.98

Stock Upside Potential: 39.82%

Number of Hedge Fund Holders: 62

Terawulf Inc (NASDAQ:WULF) is among the best 52-week high US stocks to buy. On April 16, Keefe, Bruyette & Woods reaffirmed its Outperform rating and $23 price target on Terawulf Inc (NASDAQ:WULF) stock. This action followed Terawulf’s equity offering to raise funds for projects and potential acquisitions. The company said it raised around $900 million in gross proceeds after issuing 47.4 million shares at $19.00 apiece. It upsized the offering from an initial target to raise $800 million.

Keefe views this equity raise by Terawulf as net positive. Terawulf said that it plans to use the proceeds from the offering to fund the construction of its planned data center campus in Hawesville, Kentucky. This would include the repayment of outstanding amounts under its bridge credit facility. Moreover, the company intends to use the funds for future site acquisitions and for general corporate purposes.

According to Keefe, the capital raise pre-funds the Hawesville data center project and removes uncertainty around post-leasing financing. The firm also noted the timing of the equity offering, pointing out that it comes as the stock trades close to its 52-week high, which indicates strong investor confidence.

Terawulf released its preliminary Q1 2026 results on April 14. The report revenue is expected in the range of $30 million to $35 million, and adjusted EBITDA is expected in the band of $0 million to $3 million. Terawulf closed Q1 with $3.1 billion in cash and $5.8 billion in debt.

Terawulf Inc (NASDAQ:WULF) is an American digital infrastructure company. It builds and operates industrial-scale data centers designed for high-performance computing hosting, AI workloads, and bitcoin mining. It specializes in providing low-carbon compute capacity.