HC Wainwright Decreases Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – HC Wainwright cut their FY2025 EPS estimates for Iris Energy in a research report issued on Wednesday, November 27th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of $0.15 per share for the year, down from their prior estimate of $0.28. HC Wainwright has a “Buy” rating and a $16.00 price target on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.01 per share. HC Wainwright also issued estimates for Iris Energy’s Q1 2026 earnings at $0.30 EPS, Q2 2026 earnings at $0.29 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.25 EPS and FY2026 earnings at $1.10 EPS.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Iris Energy from $11.00 to $9.50 and set an “overweight” rating for the company in a research report on Friday, August 23rd. Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. Roth Mkm assumed coverage on Iris Energy in a research report on Wednesday, October 2nd. They set a “buy” rating and a $14.00 price objective for the company. Compass Point decreased their price objective on Iris Energy from $18.50 to $16.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Canaccord Genuity Group boosted their target price on Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $16.33.

Iris Energy Stock Up 9.0 %

NASDAQ IREN opened at $13.51 on Monday. Iris Energy has a one year low of $3.56 and a one year high of $15.75. The stock’s 50-day moving average is $9.63 and its 200-day moving average is $9.60.

Institutional Investors Weigh In On Iris Energy

Several large investors have recently made changes to their positions in the stock. AFG Fiduciary Services Limited Partnership acquired a new position in Iris Energy during the third quarter worth $77,000. Covestor Ltd bought a new position in shares of Iris Energy in the 3rd quarter valued at about $87,000. Sippican Capital Advisors acquired a new position in shares of Iris Energy during the 3rd quarter worth about $94,000. Bluefin Capital Management LLC bought a new stake in shares of Iris Energy in the 2nd quarter valued at about $113,000. Finally, Seven Eight Capital LP acquired a new stake in Iris Energy in the 2nd quarter valued at about $146,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

About Iris Energy

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.