Drax Continues Share Buyback, Tightening Free Float and Voting Base

Drax Group plc ( (GB:DRX) ) has provided an update.

Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 73,072 ordinary shares on 20 February 2026 via J.P. Morgan Securities at prices between 857.5p and 875.5p, with a volume-weighted average of 866.2401p. The transaction forms part of a broader capital management strategy that has seen 6,967,833 shares bought back into treasury since July 2025, reducing the company’s free float and leaving 338,152,507 voting shares in issue, a change relevant for investors monitoring ownership thresholds under U.K. disclosure rules.

The most recent analyst rating on (GB:DRX) stock is a Sell with a £680.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Spark’s Take on GB:DRX Stock

According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.

Drax Group plc’s strong financial performance, particularly in cash generation and profitability, along with positive technical indicators and a favorable valuation, contribute significantly to its overall score. The company’s strategic initiatives, including share buybacks and government agreements, further bolster its market position. However, challenges in revenue growth and market dynamics in the pellet sector pose risks that need careful management.

To see Spark’s full report on GB:DRX stock, click here.

More about Drax Group plc

Drax Group plc is a U.K.-listed energy company best known for its Drax Power Station and broader activities in power generation and related energy services. The group focuses on electricity production and trading in wholesale power markets, serving utility customers, industrial users and the wider energy system in the U.K. and internationally.

Average Trading Volume: 1,269,279

Technical Sentiment Signal: Buy

Current Market Cap: £2.98B

For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.