Drax Group/£DRX

07:00
09:10
11:15
13:25
15:30
1D1W1MYTD1Y5YMAX

About Drax Group

Drax Group PLC, listed under the symbol DRX, is a United Kingdom-based renewable energy company founded in 2005. The company operates in the renewable power generation sector, specializing in sustainable biomass production and the sale of renewable electricity to businesses. Drax Group is committed to delivering reliable low-carbon power generated mainly from wood pellets to help transition towards a renewable energy future.

Ticker

£DRX
Sector

Primary listing

LSE

Industry

Independent Power & Renewable Electricity Producers

Employees

3,250

ISIN

GB00B1VNSX38

Drax Group Metrics

BasicAdvanced
£2.4B
5.01
£1.35
0.88
£0.26
3.85%

What the Analysts think about Drax Group

Analyst ratings (Buy, Hold, Sell) for Drax Group stock.

Bulls say / Bears say

Drax Group reported a 5.5% increase in annual profit for 2024, driven by a rise in renewable power generation and improved performance in its pellet division. (reuters.com)
The company announced a £300 million share buyback program over two years, reflecting confidence in its financial stability and commitment to returning value to shareholders. (reuters.com)
Drax secured approximately £3 billion in contracted forward power sales between 2024 and 2026, indicating strong future revenue streams. (reuters.com)
The UK government extended subsidies for Drax's biomass units until 2031 but reduced the subsidy level by half, potentially impacting profitability. (reuters.com)
Environmental groups criticize Drax's biomass usage, arguing it can lead to deforestation and questioning its sustainability, which could affect public perception and regulatory support. (reuters.com)
The company faces uncertainties regarding the UK government's review of greenhouse gas removal technologies, which affects its Bioenergy with Carbon Capture and Storage (BECCS) projects. (gurufocus.com)
Data summarised monthly by Lightyear AI. Last updated on 6 Jun 2025.

Drax Group Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Drax Group Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

Buy £DRX

Sign up or log in to buy
Capital at risk
Market open

Upcoming events

No upcoming events
FAQs