Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc announced that as of April 30, 2025, its issued share capital comprises 429,592,911 ordinary shares, with 73,190,127 held in treasury and not carrying voting rights. This results in a total of 356,402,784 voting rights, which shareholders can use to determine their notification requirements under the FCA’s Disclosure and Transparency Rules.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc scores well due to its strong financial performance, attractive valuation, and strategic initiatives. The company’s strengths in cash flow and profitability are significant factors, supported by a robust earnings call. Technical indicators suggest cautious optimism due to potential overbought conditions. Regulatory uncertainties present challenges, but strategic plans are in place to address these issues.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Drax Group plc operates in the energy sector, primarily focusing on renewable energy production and biomass power generation. The company is known for its commitment to reducing carbon emissions and transitioning to sustainable energy sources.
YTD Price Performance: -2.17%
Average Trading Volume: 1,708,259
Technical Sentiment Signal: Strong Sell
Current Market Cap: £2.2B
See more insights into DRX stock on TipRanks’ Stock Analysis page.