Overview
- Shares rose about 13% to $39.61 on Wednesday, setting a new high after a roughly 40% gain since last week and about 330% year to date.
- Fiscal Q1 revenue reached $64.2 million, up 84% year over year and above estimates, with an adjusted loss of $0.03 per share that was narrower than expected.
- CoreWeave expanded its lease to cover the full 400 megawatts at the Polaris Forge 1 campus, lifting expected contracted revenue to roughly $11 billion over 15 years.
- The company reported 700 megawatts under construction and is progressing on the $3 billion, 280‑megawatt Polaris Forge 2 project in North Dakota that began in September 2025.
- Analysts raised price targets, including Needham to $41, as commentary balanced growth prospects against high valuation, heavy capex needs, debt and potential dilution.