Roth Capital Has Positive Outlook of Iris Energy Q2 Earnings

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at Roth Capital increased their Q2 2025 EPS estimates for Iris Energy in a research note issued on Tuesday, January 7th. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.01) per share for the quarter, up from their previous forecast of ($0.02). Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.09 per share.

Several other equities analysts have also weighed in on IREN. BTIG Research started coverage on shares of Iris Energy in a research report on Friday, December 20th. They set a “buy” rating and a $33.00 price target for the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (up previously from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. Cantor Fitzgerald increased their target price on shares of Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Canaccord Genuity Group lifted their target price on shares of Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Iris Energy Stock Down 7.6 %

IREN stock opened at $10.51 on Friday. The business has a 50 day moving average of $11.56 and a 200-day moving average of $10.09. Iris Energy has a 12-month low of $3.56 and a 12-month high of $15.92.

Institutional Inflows and Outflows

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