JPMorgan resumes coverage on Drax with 'overweight' rating
21st Aug 2026 13:40
(Sharecast News) - JPMorgan resumed coverage on Drax on Friday with an 'overweight' rating following a period of restriction, with a 960p price target that implies 33% upside potential.
Read moreDrax profits fall on weak UK power prices
30th Jul 2026 09:02
(Sharecast News) - Energy supplier Drax reported a 39% fall in first‑half profit, reflecting weaker UK power prices and lower generation margins. The group said market conditions remained challenging through the period, with reduced volatility and lower captured prices weighing on earnings.
Read moreFCA to take no action as it closes Drax probe
18th Jun 2026 11:19
(Sharecast News) - Drax said on Thursday that the Financial Conduct Authority had closed its investigation into the company with no action to be taken.
Read moreDrax commissions Hirwuan Power Station in South Wales
29th May 2026 07:15
(Sharecast News) - Drax said on Friday that it had completed commissioning of Hirwaun Power Station in South Wales, the first of three 299MW open cycle gas turbine plants it is developing in England and Wales.
Read moreJPMorgan highlights buying opportunity in UK utilities
22nd May 2026 10:14
(Sharecast News) - JPMorgan said on Friday that it sees a buying opportunity in UK utilities against a backdrop of political uncertainty.
Read moreDrax CFO to take medical leave of absence
5th Mar 2026 10:03
(Sharecast News) - Renewable energy firm Drax said on Thursday that chief financial officer Frank Lemmink was taking a six-month leave of absence in order to support his recovery from recent health issues, effective immediately.
Read moreDrax reports record renewable generation in 2025
26th Feb 2026 08:24
(Sharecast News) - Drax Group reported record 2025 renewable generation on Thursday, and set out plans to return more than £1bn to shareholders, as it targeted up to £700m of adjusted EBITDA annually beyond 2027 and advanced investments in flexible generation and battery storage.
Read moreDrax signs 200MW tolling agreement with Zenobē Coalburn
19th Feb 2026 08:26
(Sharecast News) - Energy firm Drax said on Thursday that it had signed a tolling agreement with Zenobē Coalburn for 200MW of new battery energy storage capacity, strengthening its position in short‑duration, fast‑response power assets.
Read moreCiti downgrades Drax to 'neutral' from 'buy'
12th Feb 2026 13:10
(Sharecast News) - Citi downgraded Drax on Thursday to 'neutral' from 'buy' as it said the shares were already discounting much of the probability-weighted upside, but lifted the price target to 923p from 850p.
Read moreDrax Group could cut 350 jobs in restructuring
4th Feb 2026 07:02
(Sharecast News) - Renewable energy firm Drax Group said on Wednesday that it has launched a consultation process that could result in the loss of 350 jobs in the UK and North America, or 10% of the workforce.
Read moreDrax to acquire Flexitricity in £36m deal
21st Jan 2026 08:02
(Sharecast News) - Renewable energy firm Drax has agreed to acquire Flexitricity, a UK‑based optimiser of flexible energy assets, from Quinbrook in a deal valuing the business at £36m.
Read moreDrax sees earnings at top end; Could start data centre by 2027
11th Dec 2025 07:11
(Sharecast News) - Controversial power generator Drax said it expected full year earnings to be at the top end of consensus estimates adding that it could convert existing infrastructure at its North Yorkshire plant to run a data centre as soon as 2027
Read moreDrax powers ahead after Citi upgrade to 'buy'
3rd Dec 2025 12:42
(Sharecast News) - Citi upgraded Drax on Wednesday to 'buy' from 'neutral' and lifted the price target to 850p from 689p as it pointed to limited downside risk.
Read moreDrax signs new dispatachable power deal with UK government
5th Nov 2025 07:45
(Sharecast News) - Electricity company Drax has signed a new agreement with the government for the supply of dispatchable power from Drax Power Station for four more years post 2027.
Read moreDrax to acquire three BESS projects from Apatura
30th Oct 2025 09:30
(Sharecast News) - Renewable energy firm Drax has signed an agreement with Apatura to acquire three battery energy storage system projects, which will provide capacity totalling 260MW when fully commissioned.
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