Iris Energy (IREN)

• Market cap: $2.28B
• 1 day: 0.00%
• 5 days: -9.30%
• 1 month: -20.43%
• 3 months: 45.02%
• 6 months: -17.60%
• Year to date: 1.63%
• 1 year: 64.81%
• 5 years: -56.52%
• 10 years: -56.52%

About: IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.

Employees: 144

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

86% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 28

13% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 46

3% more funds holding

Funds holding: 136 [Q2] → 140 (+4) [Q3]

12% less call options, than puts

Call options by funds: $145M | Put options by funds: $165M

27.34% less ownership

Funds ownership: 53.84% [Q2] → 26.5% (-27.34%) [Q3]

53% less capital invested

Capital invested by funds: $892M [Q2] → $421M (-$472M) [Q3]

100% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 0 (-3) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $15 41% upside
• Avg. target: $18.29 72% upside
• High target: $23 116% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

B. Riley Securities Lucas Pipes 58% 1-year accuracy 65 / 113 met price target	51% upside $16	Buy Maintained	19 Dec 2024
Jones Trading Stephen Glagola 0% 1-year accuracy 0 / 3 met price target	107% upside $22	Buy Initiated	12 Dec 2024
JP Morgan Reginald Smith 54% 1-year accuracy 14 / 26 met price target	41% upside $15	Neutral Downgraded	10 Dec 2024
Macquarie Paul Golding 77% 1-year accuracy 34 / 44 met price target	79% upside $19	Outperform Maintained	4 Dec 2024
Cantor Fitzgerald Brett Knoblauch 71% 1-year accuracy 56 / 79 met price target	116% upside $23	Overweight Maintained	27 Nov 2024