IREN Surges 9.93 as Hydrogen Sector Optimism Grows Despite 47th Market Activity Ranking

On September 2, 2025, IREN (IREN) surged 9.93% with a trading volume of $1.43 billion, a 30.76% decline from the previous day, ranking 47th in market activity. The stock’s movement coincided with strategic updates from Electric Hydrogen, a key player in renewable hydrogen solutions.

Electric Hydrogen appointed Bruno Forget as General Manager for Europe, the Middle East, and North Africa (MENA), a move underscoring its commitment to scaling low-cost green hydrogen systems in the region. Forget, a seasoned hydrogen industry executive with over 20 years of experience at firms like Air Liquide and Plug Power, will lead expansion efforts and project delivery for its HYPRPlant electrolyzer technology. The company highlighted ongoing projects in Europe, including Uniper’s 200 MW Green Wilhelmshaven facility, as evidence of growing demand for its large-scale solutions. This leadership shift and operational focus align with broader industry trends toward decarbonization and energy security, potentially influencing investor sentiment toward firms with exposure to hydrogen infrastructure.

The stock’s performance appears to reflect renewed optimism in the sector, though volume contraction suggests limited broader market participation. The appointment of a high-profile executive in a critical growth region may bolster confidence in Electric Hydrogen’s ability to meet tight development timelines and cost targets, indirectly impacting related equities like IREN.