# Morgan Stanley Names TeraWulf Among 14 Stocks With Earnings Catalysts By John Kim Canonical URL: https://www.tokenpost.com/news/business/37497 Published: 2026-10-22T05:05:40.000Z Updated: 2026-10-22T05:05:40.000Z Section: Business > The screen flags positive catalysts for 12 companies and downside risks for two. TeraWulf reports Nov. 6, while Williams is scheduled to report Nov. 2. Data-center operator TeraWulf features among 14 companies Morgan Stanley expects to face earnings catalysts soon, as investors weigh electricity demand tied to artificial intelligence infrastructure. Morgan Stanley’s screen tags 12 companies with positive catalysts and two with downside risks. It arrives amid a cautious start to third-quarter reporting: about 10% of S&P 500 companies had posted results by the time of the analysis, and 41% of those stocks gained in the next session. Analyst Michelle Weaver warned that rising expectations would challenge companies trying to satisfy investors. TeraWulf reports Nov. 6. Analyst Stephen Byrd sees demand for data-center power capacity as a potential benefit to the business. His case points to the company’s history of securing customer agreements for data-center use and management’s experience developing power infrastructure. Byrd also cites large-scale power projects, grid access and customer contracts as points that distinguish the company. He rates the shares Overweight. Williams is scheduled to report Nov. 2. Analyst Robert Kad projects earnings before interest, taxes, depreciation and amortization, or EBITDA, will grow about 16% annually through 2030, compared with company guidance for growth of more than 11%. He expects new data-center power projects to support that earnings-growth outlook. Kad’s view includes offerings for hyperscalers that combine natural gas supply, pipeline access and on-site generation; he says power can be delivered 18 to 24 months after a contract is signed. Kad rates Williams Overweight. Western Digital reports after the market closes Thursday, Oct. 22, following a share decline of more than 32% over three months. Analyst Erik Woodring expects demand for hard disk drives and firmer prices to support results. Woodring’s forecast for the quarter ending in December exceeds consensus by about 10%; his fiscal 2027 and 2028 projections are 15% to 40% higher than Wall Street estimates. Woodring has an Overweight rating on the stock. Morgan Stanley’s broader estimates call for S&P 500 earnings growth of 33% in 2026 and 16% in 2027. Those projections come as investors scrutinize AI spending and the concentration of profit growth, a subject explored in [earlier coverage of S&P 500 earnings and AI spending](). Western Digital’s report after Thursday’s close is the next release highlighted in the screen, followed by Williams on Nov. 2 and TeraWulf on Nov. 6. ## Links in this article - [earlier coverage of S&P 500 earnings and AI spending](https://www.tokenpost.com/news/investing/31465)