Share Name Share Symbol Market Type Share ISIN Share Description
Drax Group Plc LSE:DRX London Ordinary Share GB00B1VNSX38 ORD 11 16/29P
  Price Change % Change Share Price Shares Traded Last Trade
  16.50 2.57% 659.50 719,868 16:35:01
Bid Price Offer Price High Price Low Price Open Price
659.50 660.50 662.00 627.50 627.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 5,173.90 196.50 20.00 33.0 2,642
Last Trade Time Trade Type Trade Size Trade Price Currency
16:41:24 O 15 635.16 GBX

Drax (DRX) Latest News (1)

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Drax (DRX) Discussions and Chat

Drax Forums and Chat

Date Time Title Posts
21/6/202216:38Drax - Coal power and yield3,583
14/3/202218:10Drax - Biomass13
23/7/201820:59Drax (DRX) One to Watch on Tuesday -
23/2/201608:07*** Drax ***938
12/9/201411:42Zak Mir says CONVICTION BUY on Drax Group (DRX.L)4

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Drax (DRX) Top Chat Posts

Drax Daily Update: Drax Group Plc is listed in the Electricity sector of the London Stock Exchange with ticker DRX. The last closing price for Drax was 643p.
Drax Group Plc has a 4 week average price of 592.50p and a 12 week average price of 592.50p.
The 1 year high share price is 845p while the 1 year low share price is currently 388.80p.
There are currently 400,598,075 shares in issue and the average daily traded volume is 2,022,901 shares. The market capitalisation of Drax Group Plc is £2,643,947,295.
halfpenny: Breaking news a disaster for DRX. Investor confidence in electricity generators has been dampened by reports Chancellor Rishi Sunak could extend the windfall tax to renewable energy sources. Now seems very likely. Fall to 600p and less soon..
thegreatgeraldo: halfpenny31 May '22 - 08:56 - 3565 of 3568 0 0 0 Still have more bad news as clarity and length of penalties. Years some say so its a big hit down for DRAX. Too Risky at these levels. Waiting and smiling as my forecast comes true. 600p next level to be tested!! ..wrong again... what's the rationale behind the price fall?
richard3rd: @halfpenny, If you have certain knowledge of this bad news and penalties would you like to share that? Demand should stay high, the causes of inflated energy costs are not going to resolve any time soon and yesterday one of the UKs nuclear reactors confirmed it would not extend beyond its scheduled shutdown taking more UK based power generation out of the equation. You may know something we dont but I see lots of potential and a company that is proactively driving green energy, including storage capacity, backed by government.
redalert: Windfall plus a lesser effect from broker downgrade by citigroup to sell with price target 591 from 651 - edit - which it seems was due to their take on the windfall and it's effect on DRX
richard3rd: Gas price and possibility of reduced availability benefits those generating electricity by other means. For us Drax investors this should be a good thing. Does anyone know how far ahead Drax are tied into supply contracts for? Do they have the contractual option of raising prices in line with current trends or will they be currently tied into whatever supply contracts they made 6 months ago?
km18: ...from last year... Company overview:Drax Group PLC is involved in the generation and supply of low carbon and renewable electricity to provide system support services to the electricity grid. Subsequently, large industrial and commercial sector customers are the firm’s main stakeholders. Given the highly innovative clean energy solutions offered to the public, the firm has grown in recognition, enabling them to increase levels of production and strengthen its pipeline, resulting in a robust operating profit of £84m, higher than the (£57m) loss incurred in 2020.  As a result, the biomass producer is making strong progress while enabling investors to optimise their returns on their investments on the firm, since the firm underpins attractive full year dividend payments made to its shareholders. From a valuation perspective, the firm’s P/E ratio is 10.1, lower than the renewable energy P/E ratio of 42.69, signifying that Drax Group is undervalued with respect to its peers and cheap for investors to buy....from WealthOracleAM ;
scotches: hTTps:// The FTSE 250 owner of the Drax power plant in North Yorkshire has climbed to its highest share value in almost seven years, as wholesale prices have spiralled to all-time highs, claiming seven small energy suppliers in the past seven weeks. The company is not exposed to the cost of gas, which has quadrupled on the UK markets in the last year, but it will benefit from the impact of rising UK wholesale electricity prices, which were already some of the highest in Europe. Drax’s share price went above 500p a share for the first time since late 2013 this week, up from 412p two weeks ago, to value the company at £1.97bn. HSBC has set a target share price of 620p a share for the company, implying an increase in value of more than £500m. “This ‘crunch’ has demonstrated the need for the UK to develop alternative, renewable, flexible sources of power generation, apart from intermittent wind and solar, to ensure security of supply,” said Verity Mitchell, an analyst at HSBC.
tedmak1: Boonkoh I have to correct a point you made. On the 1 CFD unit, the price the company gets for the power is fixed. On the other three units, they receive the power price plus one ROC for each MWh of production, up to a cap. So they will be burning as much biomass as they can on those plants to gain as much of the current prices as possible as they are well in the money. They will also be receiving healthy prices on the pumped storage output.
geckotheglorious: Someone's been at the crack pipe at Barclays! Drax topped the FTSE 250 index, surging 7.7% to 472.40 pence as Barclays predicted a promising future for the power station operator. Barclays hiked its price target for Drax by 75% to 960p from 550p. It retained its Overweight rating. The investment bank drew particular attention to Drax's bioenergy carbon capture and storage, or BECCS, negative emissions offering. "BECCS to us has the feel of offshore wind in 2005 – marginal current economics and a large niche area but with significant potential. We see Drax becoming a global leader in developing and operating these complex BECCS projects both in the UK and globally, and we estimate a long-term upside scenario valuation of 3,800p," Barclays said. The investment bank noted 3,800p is about eight-times higher than Drax's current share price.
cassini: I'm in a quandary as to whether to take profits. Consider this scenario - someone buys 500 Drax shares at 200p, then it rises to 400p. His original outlay of £1000 bought shares that have now doubled in value to £2000 and the dividend is 8.15% - relative to his original buy price. Not bad at all. He gets 16.3p per share as a dividend (£81.50 dividend annually in total). However the dividend is actually 4.08% to a buyer at the current share price of 400p. He could sell up DRX and with the proceeds buy £2000 worth (1751 shares) of, say, DGOC instead. With a dividend of 10.85p/share (maintained through 2020 incidentally), his DGOC investment will return a dividend of £190 per year. He is now getting over double the DRX dividend payment (if held in a SIPP, as DGOC is subject to withholding tax). Considering the original outlay into Drax was £1000, that's a bit like getting a 19% dividend on the original £1000 investment inside of a year. All this supposes of course DRX does not climb in value much further and DGOC does not drop or stop paying the dividend. You can replace DGOC with a similar high yield share. Of course Drax could climb higher - it's been much higher in the past, but it's met resistance at ~400p since 2015. Decisions, decisions...
Drax share price data is direct from the London Stock Exchange
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