WULF, GSAT, BE Stocks Hit 52-Week Highs: What’s Driving The Rally?

• WULF gained after preliminary Q1 results showed over half of the expected revenue from high-performance computing hosting.
• GSAT rallied after analysts said Amazon’s acquisition strengthens its position in direct-to-device satellite connectivity.
• BE surged after brokerages raised price targets on the stock following its expanded partnership with Oracle to deploy up to 2.8 GW of fuel-cell capacity to support AI and cloud infrastructure projects.

Shares of TeraWulf (WULF), Globalstar (GSAT) and Bloom Energy (BE) hit fresh 52-week highs on Tuesday as investors continued piling into stocks tied to AI infrastructure spanning data centers, satellite connectivity and power supply.

On Tuesday, WULF closed 8% higher, GSAT jumped 10%, and BE surged 24%.

WULF Rides AI Infrastructure Buildout Wave

WULF jumped on Tuesday after issuing preliminary first-quarter results showing that over half of expected revenue came from high-performance computing hosting, even as its revenue outlook of $30 million to $35 million trailed consensus estimates of about $39.17 million.

TeraWulf said it has received allocations for a revolving credit facility of up to $250 million, expected to mature in April 2030 and will support working capital and liquidity. 

Cantor Fitzgerald last week raised WULF’s price target to $30 from $24 and maintained an ‘Overweight’ rating, saying AI infrastructure remains “an attractive place to invest” and that it expects a persistent supply-demand imbalance across the sector for the next five-plus years.

Amazon Deal Boosts GSAT Connectivity Outlook

GSAT shares rallied after analysts said Amazon’s acquisition of the satellite operator strengthens its position in the emerging direct-to-device connectivity market.

As part of the deal, Amazon will acquire Globalstar’s satellite operations, infrastructure and mobile-satellite-services spectrum licenses to support direct-to-device connectivity through its Project Leo low-Earth-orbit network. The system is expected to extend voice, text and data coverage beyond terrestrial cellular networks. Amazon and Apple also signed an agreement for Project Leo to support satellite connectivity features on supported iPhone and Apple Watch models. 

William Blair said the deal positions Globalstar “to become a third major player” in the segment alongside SpaceX and AST SpaceMobile.

Separately, Roth Capital said the agreement “meaningfully de-risks” spectrum rights and supports the outlook for a broader connectivity platform opportunity tied to satellite-enabled mobile services. The transaction also lifted the perceived value of comparable spectrum assets across the satellite communications sector, the firm said.

BE Benefits From Oracle Data Center Expansion Push

BE surged on Tuesday, outperforming the Energy Select Sector SPDR Fund (XLE), which fell 2%. The gains followed an expanded partnership with Oracle to deploy an initial 1.2 gigawatts of fuel-cell capacity, with scope to scale up to 2.8 gigawatts to support AI and cloud infrastructure projects.

JPMorgan raised its price target to $231 from $166 and maintained an ‘Overweight’ rating, calling the agreement “an additional stamp of approval” for the company’s growth outlook.

On Tuesday, Jefferies upgraded the stock to ‘Hold’ from ‘Underperform’ and lifted its price target to $187 from $97, citing expected revenue contributions beginning in 2026 and 2027 tied to deployment under the Oracle backlog.

Clear Street also raised its price target to $155 from $130, saying additional capacity deployments linked to the agreement could improve revenue visibility in the coming years. Meanwhile, Roth Capital bumped BE’s price target to $155 from $133, while maintaining a ‘Neutral’ rating, and noted that forward expectations already reflect substantial anticipated order growth.

How Do Retail Traders Feel About WULF, GSAT, BE?

On Stocktwits, retail sentiment for all three stocks — WULF, GSAT, BE — was ‘extremely bullish’ amid ‘extremely high’ message volume.

Over the past year, WULF jumped 748%, GSAT rose 309%, and BE surged 1,124%.

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