IREN Shares Jump 6.39 on Volume Surge to $1.33 Billion Ranking 125th as Renewables Strategy Sparks Institutional Rotation

. , ranking it 125th in market activity. The utility stock’s performance followed a strategic review of its expansion plans and regulatory filings indicating potential rate adjustments in key service areas. Analysts noted the volume surge reflected renewed institutional interest amid broader sector rotation into climate-focused equities.

Regulatory updates highlighted in recent filings suggested IREN is advancing its offshore wind farm projects in the Northeast, . , a move analysts said could bolster near-term cash flows but may face consumer pushback. These developments came as peer companies in the sector reported mixed results on Q3 earnings calls.

To set up an accurate back-test I need to pin down a few practical details of the strategy: 1. Universe—Which market universe should we rank? • All U.S. common stocks (NYSE + NASDAQ + AMEX) • Only the S&P 500 constituents • Another list you have in mind 2. Execution price—Buy at today’s close and sell at tomorrow’s close (i.e., one-day hold), or some other convention (open-to-open, close-to-open, etc.)? 3. Weighting—Equal weight across the 500 names each day (default), or volume-weighted / value-weighted? 4. Trading frictions—Should we include any transaction costs or slippage assumptions? Once I have these points, I can generate the data-retrieval plan and run the back-test.