In this paper, we study hypersurfaces in a product space \(\bar{M}_{\kappa _1}^2\times \bar{M}_{\kappa _2}^2\) of 2-dimensional space forms for \(\kappa _1, \kappa _2\in \{-1,0,1\}\) and \(\kappa _1^2+\kappa _2^2\ne 0\) . We first present all solutions of the Fischer-Marsden equation on hypersurfaces with the product angle function \(C^2=1\) as well as on isoparametric hypersurfaces with \(|C|<1\) . Then, we classify the Ricci solitons on Hopf hypersurfaces with the Reeb vector field being the potential vector field.