Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Iris Energy ( (IREN) ) has issued an announcement.
On June 10, 2025, IREN Limited announced the launch of a $450 million offering of senior convertible notes due in 2029, with an option for initial purchasers to buy an additional $50 million. The proceeds will be used for capped call transactions, prepaid forward transactions, and general corporate purposes. This move is expected to impact IREN’s market positioning by potentially reducing share dilution and managing cash flow, while also influencing the trading price of its ordinary shares.
The most recent analyst rating on (IREN) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Iris Energy stock, see the IREN Stock Forecast page.
Spark’s Take on IREN Stock
According to Spark, TipRanks’ AI Analyst, IREN is a Neutral.
Iris Energy’s strong revenue growth and technical momentum are the most significant factors, contributing to a moderate score. However, profitability challenges and an unattractive valuation weigh down the overall score. Positive earnings call sentiment offers some optimism for future performance.
To see Spark’s full report on IREN stock, click here.
More about Iris Energy
Average Trading Volume: 14,594,332
Technical Sentiment Signal: Buy
Current Market Cap: $2.53B
Learn more about IREN stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue