HC Wainwright Increases Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – Equities research analysts at HC Wainwright raised their Q4 2025 earnings estimates for shares of Iris Energy in a report issued on Thursday, February 13th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings per share of $0.31 for the quarter, up from their prior estimate of $0.22. HC Wainwright currently has a “Buy” rating and a $22.00 price target on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.11 per share. HC Wainwright also issued estimates for Iris Energy’s Q1 2026 earnings at $0.38 EPS.

Other research analysts have also issued research reports about the stock. BTIG Research assumed coverage on shares of Iris Energy in a research note on Friday, December 20th. They issued a “buy” rating and a $33.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price target on shares of Iris Energy in a research report on Thursday, February 13th. B. Riley boosted their price target on shares of Iris Energy from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price objective (up from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. Finally, Macquarie boosted their target price on Iris Energy from $13.50 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.70.

Iris Energy Stock Performance

Shares of Iris Energy stock opened at $12.97 on Monday. The business has a 50-day moving average of $11.61 and a 200 day moving average of $10.05. Iris Energy has a 12 month low of $4.15 and a 12 month high of $15.92.

Iris Energy (NASDAQ:IREN) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative return on equity of 8.01% and a negative net margin of 36.10%.

Hedge Funds Weigh In On Iris Energy

Hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC acquired a new position in shares of Iris Energy in the 4th quarter valued at $29,000. HM Payson & Co. purchased a new stake in Iris Energy in the fourth quarter valued at $30,000. R Squared Ltd acquired a new position in Iris Energy in the fourth quarter valued at $37,000. Main Management LLC purchased a new position in shares of Iris Energy during the fourth quarter worth about $49,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Iris Energy by 1,059.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company’s stock worth $82,000 after purchasing an additional 7,646 shares in the last quarter. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

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.