HC Wainwright Lowers Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at HC Wainwright decreased their FY2025 earnings estimates for shares of Iris Energy in a research report issued to clients and investors on Wednesday, November 27th. HC Wainwright analyst M. Colonnese now anticipates that the company will earn $0.15 per share for the year, down from their previous forecast 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 analysts have also issued reports about the company. Roth Mkm started coverage on Iris Energy in a research note on Wednesday, October 2nd. They set a “buy” rating and a $14.00 price target on the stock. Compass Point lowered their price objective on Iris Energy from $18.50 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Macquarie upped their target price on Iris Energy from $12.00 to $13.50 and gave the company an “outperform” rating in a research note on Friday, August 30th. Cantor Fitzgerald lifted their price target on shares of Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, B. Riley dropped their price objective on shares of Iris Energy from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, September 13th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $16.33.

Iris Energy Stock Performance

NASDAQ:IREN opened at $13.51 on Monday. The firm’s 50-day moving average is $9.63 and its 200-day moving average is $9.60. Iris Energy has a 52-week low of $3.56 and a 52-week high of $15.75.

Institutional Investors Weigh In On Iris Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp grew its holdings in Iris Energy by 3.2% during the 2nd quarter. Truist Financial Corp now owns 51,575 shares of the company’s stock worth $582,000 after acquiring an additional 1,575 shares during the last quarter. Chesapeake Capital Corp IL lifted its position in shares of Iris Energy by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company’s stock worth $157,000 after purchasing an additional 3,861 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Iris Energy by 13.2% during the third quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company’s stock valued at $473,000 after purchasing an additional 6,347 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Iris Energy by 28.3% in the third quarter. Wellington Management Group LLP now owns 36,651 shares of the company’s stock valued at $309,000 after purchasing an additional 8,092 shares in the last quarter. Finally, Bluefin Capital Management LLC bought a new position in Iris Energy in the 2nd quarter worth approximately $113,000. 41.08% of the stock is owned by institutional investors and hedge funds.

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.