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Theme

Drax Group

DRXUtilities
771.00GBX
-0.96%
Market Cap
2.63B
Volume
745.48k
67% of avg
P/E Ratio
7.17
EPS (TTM)
107.51
Beta
0.78
Day Range
767.00p - 779.00p
52 Week Range
534.50p771.00p779.00p
771.00p

Upcoming Events

Q1 2026
Completion of third BESS project
High Impact Event
Late 2026
Expected start of operations for new facility processing pulverised fuel ash
High Impact Event
2027
First BESS site operational
High Impact Event
April 2027
Start of new CfD contract period
High Impact Event
Late 2028
Expected completion of extended £450 million share buyback programme
High Impact Event
October 2028
Start of capacity market agreements
High Impact Event
September 2029
End of 434MW capacity market agreements
High Impact Event
March 2031
End of new CfD contract period
High Impact Event
September 2043
End of 24MW Glenlee refurbishment capacity market agreements
High Impact Event
DRX
GOOD

Drax Secures Low-Carbon Dispatchable CfD Contract with UK Government

The major renewable energy provider has secured a long-term contract with the UK Government to operate its biomass power station, supporting the country's energy security.

DRX
VERY GOOD

Drax Expands Flexible Generation Portfolio with 260MW BESS Acquisition

The major renewable energy company has signed an agreement to acquire a 260MW battery energy storage system portfolio, strengthening its flexible generation capabilities.

DRX
NEUTRAL

Drax Completes £300m Buyback, Starts £450m Extension

The major utility company has completed a £300m share buyback and is now starting a £450m extension of the program.

DRX
NEUTRAL

Drax Group Announces Change in Shareholding

The renewable power company has announced a change in shareholding, with BlackRock, Inc. now holding over 5% of the company's voting rights.

DRX
NEUTRAL

Drax Group Announces Change in Shareholding

The utility company has announced a change in shareholding, with BlackRock's stake falling below 5%.

DRX
NEUTRAL

Drax Group Announces Regulatory Threshold Crossing by BlackRock

The utility company has announced that investment manager BlackRock has crossed the 5% voting rights threshold in the business.

DRX
NEUTRAL

Drax Group Announces Director/PDMR Shareholding

The utility company has announced the vesting of long-term incentive plan shares for a senior executive.

DRX
NEUTRAL

Drax Group Announces Director Shareholding Changes

The utility company has announced changes to the share interests of its Chief Financial Officer following the granting of long-term incentive plan awards.

DRX
NEUTRAL

Drax Group under FCA Investigation

The utilities company has been notified of an investigation by the Financial Conduct Authority, but details are limited.

DRX
NEUTRAL

Drax Reports Lower H1 Earnings Amid Revenue Decline, Maintains Full-Year Outlook

The renewable energy generator reported lower H1 earnings and revenue, but maintained its full-year outlook. Long-term projects in carbon capture and storage show promise, balancing short-term financial pressures.