tiprankstipranks
Trending News
More News >
Drax Group PLC (GB:DRX)
LSE:DRX

Drax Group plc (DRX) AI Stock Analysis

Compare
125 Followers

Top Page

GB:DRX

Drax Group plc

(LSE:DRX)

Select Model
Select Model
Select Model
Neutral 69 (OpenAI - 5.2)
Rating:69Neutral
Price Target:
971.00p
â–²(9.47% Upside)
Action:DowngradedDate:02/28/26
The score is driven primarily by mid-range financial performance (strong cash generation and manageable leverage but weaker recent profitability) and supportive technicals (trading above key moving averages with neutral momentum). Valuation metrics are very favorable on the provided P/E and dividend yield, while the earnings call adds a positive tilt from reiterated multi-year free cash flow and shareholder returns, tempered by impairments and near-term earnings pressure under the new CfD regime.
Positive Factors
Strong multi-year free cash flow and disciplined capital allocation
A multi‑year FCF target and demonstrated delivery in 2025 provide durable internal funding for buybacks, dividends and growth. Reliable cash generation reduces reliance on external financing, supports investment in BESS/data center projects and underpins capital allocation discipline over the medium term.
Secured low‑carbon dispatchable CfD reducing merchant exposure
A long‑dated dispatchable CfD materially increases contracted revenues and reduces exposure to volatile power prices. This structural revenue stability supports financing for flexible assets, smooths earnings volatility post‑2027 and improves predictability for long‑term investment returns.
Large BESS/FlexGen pipeline and optimisation capabilities
A gigawatt‑scale BESS pipeline and FexGen/Flexitricity capability create a durable competitive position in flexibility and grid services. These assets diversify earnings away from merchant biomass, enable margin capture in ancillary markets, and scale with rising demand for storage and grid balancing.
Negative Factors
Large impairments reflecting asset and market challenges
Material one‑off impairments signal previous overinvestment or deteriorating market/regulatory outlooks for parts of the pellet and BECCS businesses. This reduces equity, constrains reinvestment capacity and highlights structural execution or pricing risks in international pellet and carbon capture projects.
Weakened profitability and compressed margins
A sharp decline in margins and net income reflects lasting pressure on earnings quality. If structural (fuel costs, lower achieved prices, contract mix), sustained lower profitability could limit ROE, reduce retained cash for growth and force more conservative capital allocation despite strong cash flow metrics.
Execution and development risk in growth projects
Key growth options (data centre, BESS roll‑out, BECCS) face approval, contracting and market‑structure risks. Early‑stage development and uncertain long‑term price dynamics could delay returns, raise incremental capital needs and leave expected growth cashflows exposed to execution and regulatory hurdles.

Drax Group plc (DRX) vs. iShares MSCI United Kingdom ETF (EWC)

Drax Group plc Business Overview & Revenue Model

Company DescriptionDrax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. The company operates through three segments: Generation, Customers, and Pellet Production. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment offers non-generation system support and energy management services. The Pellet Production segment provides low carbon fuel. The company owns and operates Drax Power Station with an installed capacity of 2,000 megawatts (MW) located in Selby, North Yorkshire; Cruachan Power Station, a pumped hydro storage station, with an installed capacity of 440 MW located in Argyll and Bute, and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. In addition, the company owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. Further, it manufactures and sells compressed wood pellets; and supplies renewable electricity. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.
How the Company Makes MoneyDrax Group generates revenue primarily through the sale of electricity produced from its power generation facilities. The transition to biomass has allowed Drax to benefit from government incentives and subsidies aimed at promoting renewable energy. Key revenue streams include wholesale electricity sales in the UK market, capacity payments for being available to supply power when needed, and ancillary services that support grid stability. The company also engages in long-term contracts and partnerships with other energy providers and businesses, which provide a stable income. Furthermore, Drax's focus on energy services and consultancy adds to its revenue, helping businesses optimize their energy use and reduce costs.

Drax Group plc Earnings Call Summary

Earnings Call Date:Feb 26, 2026
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call presented a broadly positive strategic and financial position: strong 2025 operational execution, record renewable and pellet production, robust balance sheet (0.8x leverage) and clear capital allocation plans including shareholder returns and a sizeable growth pipeline (notably >700 MW of BESS and data center optioning). Material negatives were disclosed — notably significant impairments (total ~GBP 385m) tied to the Canadian pellet business and paused projects, workforce reductions, and near-term operational outages — but management framed these as strategic realignment and disciplined capital allocation while emphasizing contracted cash flows from the newly signed low-carbon dispatchable CfD and the growth pathway in FlexGen. On balance, the positive operational and financial momentum, the secured CfD, and the progressing BESS/data center pipeline outweigh the setbacks and one-time charges.
Q4-2025 Updates
Positive Updates
Strong Group Financial Performance
Adjusted EBITDA of GBP 947 million in 2025; adjusted EPS 137.7p, up 7% versus 2024; net debt GBP 784 million representing 0.8x 2025 EBITDA (well below 2x target); total cash and committed facilities GBP 942 million.
Record Renewable and Pellet Production
Record biomass power generation of 15 TWh in 2025 and record pellet production of 4.2 million tonnes (new high), reinforcing vertical integration between U.S. South pellet operations and Drax Power Station.
Low-Carbon Dispatchable CfD Signed
Signed post-2027 low-carbon dispatchable Contract for Difference covering the equivalent of 6 TWh/year (~30% of unit load), enabling predictable contracted cash flows and flexibility to reprofile generation to high-value periods.
Free Cash Flow and Capital Allocation Plan
Target to generate around GBP 3 billion of free cash flow between 2025 and 2031 (GBP 0.5 billion delivered in 2025); plan to allocate initially over GBP 1 billion to shareholders (including an ongoing GBP 450 million buyback) and up to ~GBP 2 billion to growth investments.
Shareholder Returns and Buybacks
Completed GBP 300 million buyback in 2025 and commenced a further GBP 450 million program; purchased GBP 57 million under the new program to date; expected full-year dividend of 29p per share, up 11.5% year-over-year.
FlexGen & Battery Storage Progress
Built a gigawatt-scale BESS pipeline with operational control of over 700 MW of batteries across 5 sites; committed on the order of GBP 0.5 billion to batteries; acquired 260 MW development projects (Apatura) with options for +289 MW and tolling agreements for 450 MW; committed GBP 300 million to battery tolling agreements.
Strategic Technology & Optimization Acquisitions
Acquired Flexitricity for ~GBP 36 million to internalize asset optimisation capability (platform serving ~900 MW of third-party customers), strengthening in-house trading and optimisation of flexible assets.
Cruachan Pumped Storage Performance & Investment
Cruachan utilization increased from ~20% to ~60% since 2018; can run up to 16 hours at full load with >7 GWh stored energy; investing ~GBP 80 million (2025–2027) to replace 2 turbines to increase capability and extend value.
Negative Updates
Canadian Pellet Business Challenges and Impairments
Canadian pellet margins deteriorated due to rising fibre costs and constrained supply; recognized an impairment charge of GBP 198 million against the Canadian business and a GBP 139 million impairment for the paused Longview project in Washington.
Aggregate One-Time Charges and BECCS Impairment
Total below-the-line and strategic impairments disclosed include GBP 198m (Canada) + GBP 139m (Longview) + GBP 48m (BECCS at Drax) = GBP 385 million of charges reflecting market/regulatory constraints and development pauses.
Reduction in Pellet Production EBITDA
Pellet production EBITDA fell from GBP 143 million in 2024 to GBP 129 million in 2025 (approx. -9.8%), despite record volumes (4.2 Mt) — reflecting market price movements and margin compression in certain regions.
Organizational Restructuring and Job Reductions
Future Focus program includes a consultation that could reduce 350+ roles across the group to reposition the business for the CfD operating regime, with associated restructuring impacts.
Operational Outage at Cruachan Units and Grid Issue
Units 3 and 4 at Cruachan are currently unavailable due to a grid connection failure in late December caused by SSEN assets; timetable for repair is awaited and downtime is being used for planned outage work, creating near-term operational disruption risk.
Short-Term Earnings Impact from CfD & Power Price Dynamics
Management notes that earnings from Drax Power Station will reduce next year under the new CfD operating regime and achieved power prices have decreased, though generation volumes were strong in 2025.
Development & Market Risks for Growth Opportunities
Data center development at Drax site is early-stage (phased plan: ~100 MW front-of-meter near-term then 500 MW and +600 MW behind-the-meter subject to approvals); behind-the-meter economics versus gas and timing/contracting risks remain unresolved. Battery market risks include potential future cannibalization and uncertainty over long-term price dynamics.
Pause on Canadian Growth and Capital Discipline
Company paused capital allocation to the Canadian pellet segment and Longview development, signalling constrained growth optionality in that region and ongoing strategic review of options (including potential disposal).
Company Guidance
Management reiterated guidance to generate c. GBP 3.0bn of free cash flow between 2025–2031 (c. GBP 0.5bn delivered in 2025), of which it will allocate over GBP 1.0bn to shareholders (inclusive of the ongoing GBP 450m 3‑year buyback) and up to c. GBP 2.0bn to growth; 2025 adjusted EBITDA was GBP 947m, adjusted EPS 137.7p (+7% vs 2024), net debt GBP 784m (0.8x 2025 EBITDA versus a long‑term target of ~2x) and cash & committed facilities GBP 942m, with an expected full‑year dividend of 29p (+11.5%). The group reiterates a post‑2027 adjusted EBITDA target of GBP 600–700m p.a. (pellet production, biomass generation and FlexGen, before development spend), expects structural cost savings of >GBP 150m p.a. by 2027 (vs 2024), and plans continued capital deployment (c. GBP 0.5bn already committed to batteries, GBP 300m committed to battery tolling agreements) while keeping over half of 2026 growth CapEx focused on BESS. Operational and project metrics include record biomass generation of 15 TWh and pellet production of 4.2Mt in 2025, Drax accounting for ~6% of UK power and ~11% of renewables (and >50% of renewables in some low‑wind peaks), use of ~2Mt own pellets from the US South, operational control of >700MW of batteries (260MW acquired from Apatura with an option for +289MW, plus 450MW tolling deals), acquisition of Flexitricity for ~GBP 36m, Cruachan storing >7GWh and running up to 16 hours with a GBP 80m upgrade (2025–27), open‑cycle earnings underpinned by ~GBP 270m of capacity market payments—and noted one‑off charges taken in 2025 (GBP 198m Canadian pellets, GBP 139m Longview impairment and GBP 48m BECCS impairment).

Drax Group plc Financial Statement Overview

Summary
Mid-range fundamentals: cash flow is the key support (strong operating and free cash flow with modest FCF growth) and leverage looks manageable/improving, but the latest annual results show a clear profitability reset (lower revenue and sharply compressed net margin/ROE).
Income Statement
54
Neutral
Profitability has weakened materially in the most recent annual period: revenue declined to 5.36B (down ~5.5%), gross margin fell to ~21.5% (from ~30.5% prior year), and net margin compressed to ~1.4% (from ~8.5%), with net income dropping to 73M from 526.6M. The positive is that the business remains profitable and still generates solid operating earnings (EBIT margin ~9.9% and EBITDA margin ~14.5%), but overall earnings quality and trend are clearly softer versus the strong 2023–2024 run-rate.
Balance Sheet
63
Positive
Leverage appears manageable and improving: total debt declined to ~1.15B and debt-to-equity is ~0.67, down from higher levels seen in 2021–2023 (including above 1.0 in 2021–2022). However, the balance sheet has become less robust year over year as equity fell to ~1.71B from ~2.08B, and returns on equity dropped sharply to ~4.3% from ~25.4%—signaling reduced profitability and less efficient use of shareholder capital.
Cash Flow
72
Positive
Cash generation remains a relative strength: operating cash flow was ~809.8M and free cash flow was ~527.8M in the latest annual period, with free cash flow growing ~2.0% year over year. That said, cash conversion versus accounting earnings looks only moderate based on the provided ratios, and operating cash flow coverage remains below 1, suggesting the company’s cash flows may not fully cover certain obligations/capital needs in a single period without relying on other funding sources.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue5.36B6.16B8.13B7.78B5.09B
Gross Profit1.15B1.88B1.78B1.02B891.20M
EBITDA775.70M1.10B1.14B400.10M391.50M
Net Income73.00M526.60M562.20M85.10M55.10M
Balance Sheet
Total Assets4.50B5.39B6.04B6.39B5.82B
Cash, Cash Equivalents and Short-Term Investments302.10M356.00M379.50M238.00M317.40M
Total Debt1.15B1.29B1.56B1.59B1.49B
Total Liabilities2.78B3.30B4.06B5.07B4.52B
Stockholders Equity1.71B2.08B1.97B1.31B1.29B
Cash Flow
Free Cash Flow527.80M472.00M394.50M33.00M96.80M
Operating Cash Flow809.80M859.50M835.60M207.70M306.50M
Investing Cash Flow-288.40M-389.90M-451.80M-180.70M-228.80M
Financing Cash Flow-577.50M-491.60M-237.90M-111.90M-50.40M

Drax Group plc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price887.00
Price Trends
50DMA
874.57
Positive
100DMA
804.37
Positive
200DMA
735.47
Positive
Market Momentum
MACD
2.40
Negative
RSI
53.98
Neutral
STOCH
50.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:DRX, the sentiment is Positive. The current price of 887 is above the 20-day moving average (MA) of 879.05, above the 50-day MA of 874.57, and above the 200-day MA of 735.47, indicating a bullish trend. The MACD of 2.40 indicates Negative momentum. The RSI at 53.98 is Neutral, neither overbought nor oversold. The STOCH value of 50.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:DRX.

Drax Group plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
£32.41B30.889.92%2.98%1.78%-50.72%
69
Neutral
£3.00B0.4319.64%2.78%-19.04%-34.52%
67
Neutral
£2.83B95.692.50%6.56%19.50%―
66
Neutral
$17.65B18.105.60%3.62%6.62%11.55%
59
Neutral
£9.00B-176.24-5.95%2.86%-4.82%-123.58%
58
Neutral
£22.05M-1.15-68.06%―-60.76%-230.39%
45
Neutral
―62.07-0.40%12.07%――
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:DRX
Drax Group plc
897.50
320.03
55.42%
GB:AMP
SIMEC Atlantis Energy
3.05
0.90
41.86%
GB:CNA
Centrica
196.70
53.38
37.25%
GB:PNN
Pennon Group plc
595.00
207.95
53.73%
GB:SSE
SSE
2,693.00
1,233.56
84.52%
GB:FGEN
Foresight Environmental Infrastructure Limited GBP
74.00
8.16
12.39%

Drax Group plc Corporate Events

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Drax Tightens Free Float with Further Share Buybacks
Positive
Feb 27, 2026

Drax Group has continued to execute its previously announced share buyback programme, repurchasing 72,500 ordinary shares on 26 February 2026 at a volume-weighted average price of about 898.85 pence. The purchases, carried out through J.P. Morgan Securities, form part of a broader capital management strategy that can enhance earnings per share and signal confidence in the company’s valuation.

Following the latest transaction, Drax now has 432,261,740 ordinary shares in issue, of which 94,400,824 are held in treasury, leaving 337,860,916 voting shares outstanding. The updated voting-rights figure provides a new reference point for shareholders and other market participants when calculating disclosure thresholds and monitoring changes in significant holdings under U.K. transparency 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.

DividendsFinancial Disclosures
Drax Declares Final 17.4p Dividend for 2025
Positive
Feb 26, 2026

Drax Group plc has declared a final dividend of 17.4 pence per share for the financial year ended 31 December 2025, with payment contingent on shareholder approval at the company’s 2026 annual general meeting. The dividend will trade ex-dividend on 23 April 2026, with a record date of 24 April and payment scheduled for 15 May, underscoring the group’s continued capital returns to shareholders and signalling confidence in its recent financial performance.

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.

Business Operations and StrategyStock Buyback
Drax Tightens Free Float With Further Share Buyback
Positive
Feb 26, 2026

Drax Group plc continued executing its previously announced share buyback programme, repurchasing 72,457 ordinary shares on 25 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 876.5882 pence. The transaction forms part of an ongoing capital management strategy under which the company has now bought back 7,186,924 shares for treasury since July 2025, reducing the free float to 337,933,416 voting shares and marginally increasing each remaining investor’s proportional ownership.

Following the latest buyback, Drax has 432,261,740 ordinary shares in issue, of which 94,328,324 are held in treasury and carry no voting rights. The updated voting-rights figure provides an important reference for shareholders and other market participants in monitoring disclosure thresholds and ownership changes, underscoring the programme’s implications for liquidity and governance metrics in the stock.

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.

Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Drax boosts renewables output, dividend and buybacks as new CfD underpins growth push
Positive
Feb 26, 2026

Drax reported record renewable generation in 2025, supplying 6% of UK power and 11% of its renewables, alongside a 5% rise in pellet output, while adjusted EBITDA dipped to £947m and operating profit fell sharply due to a £378m impairment. The group strengthened its balance sheet, lifted its dividend by 11.5%, completed a £300m buyback and began a new £450m programme, underpinned by a new low carbon dispatchable contract that supports long-term UK energy security and visibility of earnings.

Management outlined a strategy targeting £600m–£700m in annual adjusted EBITDA post-2027 and about £3bn of free cash flow from 2025 to 2031, with over £1bn earmarked for shareholder returns and up to £2bn for growth in flexible, renewable generation and battery storage. Drax is also developing data centre and battery projects at its 4GW power station site and pursuing cost savings of more than £150m a year from 2027, moves that could reinforce its role in the energy transition and position it to benefit from rising system flexibility needs and AI-related power demand.

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.

Stock BuybackRegulatory Filings and Compliance
Drax Continues Share Buyback, Lifts Treasury Holdings and Updates Voting Rights
Positive
Feb 25, 2026

Drax Group plc has continued its previously announced share buyback programme, repurchasing 73,800 ordinary shares on 24 February 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 876.3681 pence. Following this latest transaction, the company has 432,261,740 shares in issue, of which 94,255,867 are held in treasury, giving 338,005,873 voting rights and reflecting ongoing efforts to manage its capital structure and reduce the free float.

Since the buyback programme began in July 2025, Drax has bought a total of 7,114,467 shares for treasury, a move that can support earnings per share and signal confidence in the company’s long-term value. The updated voting rights figure also provides an important reference point for investors and other market participants when assessing disclosure thresholds under UK financial regulations.

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.

Stock BuybackFinancial Disclosures
Drax Continues Share Buyback, Lifts Treasury Holdings to Over 94 Million Shares
Positive
Feb 24, 2026

Drax Group plc has repurchased 72,834 ordinary shares on the London Stock Exchange under its ongoing share buyback programme announced in July 2025. The shares were bought at prices between 864p and 873.5p, at a volume-weighted average price of 868.3321p, with J.P. Morgan Securities plc executing the trades.

Following the latest transaction, Drax has 432,261,740 ordinary shares in issue, of which 94,182,067 are held in treasury, leaving 338,079,673 voting rights in the company. Since the buyback began, the group has acquired a total of 7,040,667 shares for treasury, incrementally boosting capital returns and potentially supporting earnings per share for remaining investors.

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.

Business Operations and StrategyStock Buyback
Drax Continues Share Buyback, Tightening Free Float and Voting Base
Positive
Feb 23, 2026

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.

Stock BuybackRegulatory Filings and Compliance
Drax Buys Back More Shares, Updates Voting Rights Count
Neutral
Feb 20, 2026

Drax Group plc continued its ongoing share buyback programme, repurchasing 73,060 ordinary shares on 19 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 868.0461 pence. Following this transaction, the company has 432,254,791 ordinary shares in issue, of which 94,036,161 are held in treasury, leaving 338,218,630 voting rights for shareholders to reference under UK disclosure rules.

Since the buyback programme began on 31 July 2025, Drax has acquired a total of 6,894,761 ordinary shares for treasury, underscoring its continued use of excess capital to reduce free float. The updated share and voting rights figures may affect investors’ ownership calculations and signalling around capital allocation, while leaving operational activities unchanged but refining the company’s equity base over time.

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.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Drax Tightens Free Float With Ongoing Share Buyback
Positive
Feb 19, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 73,200 ordinary shares on 18 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 879.0754 pence. Following this latest transaction, the company now has 432,254,791 ordinary shares in issue, of which 93,963,101 are held in treasury, leaving 338,291,690 voting shares outstanding.

The ongoing buyback, under which Drax has acquired a total of 6,821,701 shares for treasury since July 2025, effectively reduces the free float and concentrates voting power among remaining shareholders. This capital management action may support earnings per share and signals continued board confidence in the company’s valuation, while giving investors an updated denominator for regulatory disclosure thresholds.

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.

Business Operations and Strategy
Drax Expands Battery Storage Portfolio with 200MW Zenobē Tolling Deal
Positive
Feb 19, 2026

Drax Group has signed a 15-year tolling agreement with Zenobē for 200MW (800MWh) of battery energy storage capacity at Coalburn in Scotland, giving Drax full operational control and dispatch rights without any upfront capital cost. Zenobē will build, maintain and ensure availability of the asset, while Drax pays a fixed annual fee and captures all market revenues excluding capacity market and certain ancillary payments.

The deal is expected to generate returns significantly above Drax’s weighted average cost of capital and fits its FlexGen strategy by adding short-duration, fast-response storage that complements its owned BESS assets and optimisation platform. Together with recent acquisitions and another tolling deal, Drax now has agreements covering 710MW of storage-related capacity, strengthening its role in UK energy security and decarbonisation while enhancing long-term cash generation for shareholders.

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.

Financial Disclosures
Drax Schedules Full-Year 2025 Results and Investor Webcast
Neutral
Feb 18, 2026

Drax Group plc, the U.K.-listed power and energy company, has scheduled the release of its full-year financial results for the 12 months ended 31 December 2025. The company continues its practice of engaging capital markets participants through structured results announcements and accessible investor communications.

The group will publish its 2025 full-year figures on Thursday 26 February 2026, accompanied by a webcast presentation for analysts and investors at 9:00 a.m. GMT. Supporting materials, including a downloadable presentation and a replay of the webcast, will be made available online, underscoring Drax’s emphasis on transparency and ongoing dialogue with the investment community.

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.

Stock BuybackRegulatory Filings and Compliance
Drax Continues Share Buyback, Updates Voting Rights Count
Neutral
Feb 18, 2026

Drax Group plc has continued executing its share buyback programme, repurchasing 73,400 ordinary shares on 17 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 871.4789 pence. The transaction forms part of a wider capital management initiative launched in July 2025, under which the company has now acquired a total of 6,748,501 shares for holding in treasury.

Following the latest purchases, Drax now has 432,254,791 ordinary shares in issue, of which 93,889,901 are held in treasury, leaving 338,364,890 voting rights outstanding. The updated share count and voting rights will guide shareholders and other market participants in meeting disclosure obligations and assessing their stakes under UK transparency 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.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Drax Tightens Free Float With Further Share Buybacks
Positive
Feb 17, 2026

Drax Group plc has continued executing its share buyback programme, repurchasing 74,233 ordinary shares on 16 February 2026 at prices between 850p and 871p, with a volume-weighted average price of 862.2412p. Following this latest tranche, the company has 432,254,791 ordinary shares in issue, of which 93,816,501 are held in treasury, leaving 338,438,290 voting rights outstanding for investors to use as the benchmark for regulatory disclosure thresholds.

Since launching the buyback in July 2025, Drax has acquired a total of 6,675,101 shares for treasury, underscoring ongoing capital management efforts that can enhance earnings per share and support the share price. The updated capital structure and reduced free float may influence institutional investors’ positions and reporting obligations under the FCA’s Disclosure and Transparency Rules.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £923.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Drax Continues Share Buyback, Updates Share Capital and Voting Rights
Positive
Feb 16, 2026

Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 73,200 ordinary shares on 13 February 2026 via J.P. Morgan Securities at a volume-weighted average price of about 863.8 pence. Following these latest transactions, Drax now has 432,254,791 ordinary shares in issue, of which 93,742,268 are held in treasury, leaving 338,512,523 voting rights outstanding for shareholders’ disclosure calculations.

The company has bought a total of 6,600,868 shares into treasury since launching the programme in July 2025, underscoring its ongoing capital management strategy and efforts to return value to shareholders. The updated share and voting rights figures also provide clarity for investors and other market participants who must track their holdings under UK disclosure and transparency rules.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £923.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Drax Expands Treasury Stock as Share Buyback Programme Progresses
Positive
Feb 13, 2026

Drax Group plc continued to execute its previously announced share buyback programme, repurchasing 73,532 ordinary shares on 12 February 2026 via J.P. Morgan Securities at prices between 842.0p and 873.5p, with a volume-weighted average of 860.1962p. The company has now bought back a total of 6,527,668 shares into treasury since the programme began in July 2025, demonstrating an ongoing commitment to returning capital and managing its equity base.

Following these transactions, Drax has 432,245,487 ordinary shares in issue, of which 93,669,068 are held in treasury and therefore do not carry voting rights. The number of voting shares now stands at 338,576,419, a figure that will be used by shareholders and other market participants to assess disclosure thresholds and changes in ownership under the FCA’s transparency regime.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £923.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Drax strengthens board with appointment of veteran executive Mark Clare
Positive
Feb 13, 2026

Drax Group plc has appointed Mark Clare as a non-executive director, effective 13 February 2026, bringing extensive board and executive experience from major UK-listed companies in energy, utilities, construction and consumer services. Clare’s track record at Centrica, British Gas, Barratt Developments, United Utilities and other listed groups is expected to strengthen Drax’s board capabilities at a time when the company is focused on energy security and large-scale investment in renewable technologies, reinforcing its role in the UK’s energy transition and governance depth for investors and stakeholders.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £923.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Drax Tightens Free Float with Further Share Buybacks and Updated Voting Rights
Positive
Feb 12, 2026

Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 71,985 ordinary shares on 11 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 876.1563 pence. The company now has 432,245,487 shares in issue, of which 93,595,536 are held in treasury, leaving 338,649,951 voting shares outstanding.

The ongoing buyback, which has seen Drax acquire more than 6.4 million shares into treasury since July 2025, reduces the free float and can enhance earnings per share and capital returns for remaining shareholders. The updated voting rights figure also provides a new reference point for investors and other market participants assessing disclosure thresholds under U.K. transparency rules.

The most recent analyst rating on (GB:DRX) stock is a Hold with a £947.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Drax Tightens Free Float as Buyback Lifts Treasury Stock and Resets Voting Base
Positive
Feb 11, 2026

Drax Group plc has continued executing its share buyback programme, repurchasing 71,841 ordinary shares on 10 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 879.3896 pence. Following this transaction, the company has 432,245,487 shares in issue, of which 93,523,551 are held in treasury, leaving 338,721,936 voting shares outstanding.

The ongoing buyback, under which Drax has now acquired a total of 6,382,151 shares for treasury since July 2025, incrementally boosts earnings per share and concentrates voting power among remaining investors. The updated voting rights figure also provides a new reference point for shareholders and other market participants who must monitor their disclosure thresholds under U.K. transparency rules.

The most recent analyst rating on (GB:DRX) stock is a Hold with a £947.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Drax Buys Back More Shares, Cuts Free Float to 338.8 Million Voting Rights
Positive
Feb 10, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 72,800 ordinary shares on 9 February 2026 via J.P. Morgan Securities at prices between 873.5p and 886.0p, with a volume-weighted average price of 880.6015p. Following this transaction, Drax has 432,245,487 shares in issue, of which 93,451,710 are held in treasury, leaving 338,793,777 voting shares outstanding that investors must use as the reference for regulatory disclosure thresholds.

The latest transaction brings the total number of shares bought back into treasury since the programme began on 31 July 2025 to 6,310,310, underscoring the company’s ongoing capital-return strategy. The reduced free float and higher treasury balance may support earnings per share over time and signals management’s confidence in the business, while requiring shareholders to update any ownership notifications in line with the revised voting rights base.

The most recent analyst rating on (GB:DRX) stock is a Hold with a £947.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Drax Continues Share Buyback, Updates Voting Rights After February Repurchase
Positive
Feb 9, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 73,721 ordinary shares on 6 February 2026 via J.P. Morgan Securities at prices ranging between 860p and 879p per share. The latest transaction brings the total number of shares bought back for treasury since the programme began in July 2025 to 6,237,510, underscoring the company’s ongoing capital management strategy.

Following this latest buyback, Drax now has 432,245,487 ordinary shares in issue, of which 93,378,910 are held in treasury, leaving 338,866,577 shares carrying voting rights. The updated share count will be used by investors and other market participants for regulatory disclosure calculations, and the reduction in free float may marginally enhance earnings per share and consolidate existing shareholders’ relative ownership stakes.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1015.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Drax Tightens Free Float with Further Share Buyback
Positive
Feb 6, 2026

Drax Group plc has repurchased 72,600 of its ordinary shares on the London Stock Exchange under its previously announced share buyback programme, at prices ranging between 863.5p and 891.5p per share and a volume-weighted average price of 873.2897p. Following this latest transaction, the company has 432,245,032 ordinary shares in issue, of which 93,305,189 are held in treasury, leaving 338,939,843 voting rights in circulation; in aggregate since the programme began in July 2025, Drax has bought back 6,163,789 shares for treasury, a move that tightens the free float and may enhance earnings per share for remaining investors while providing updated figures for regulatory disclosure calculations.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1015.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial Disclosures
Drax Buys Back More Shares, Cutting Free Float to 339m Voting Rights
Positive
Feb 5, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 70,600 ordinary shares on 4 February 2026 on the London Stock Exchange at a volume-weighted average price of 910.1779 pence per share via J.P. Morgan Securities. Following this latest transaction, the company has 432,245,032 ordinary shares in issue, of which 93,232,589 are held in treasury, leaving 339,012,443 voting shares in circulation, a figure that will serve as the reference denominator for investors’ regulatory disclosure obligations. Since the start of the buyback initiative on 31 July 2025, Drax has acquired a total of 6,091,189 shares for treasury, incrementally reducing the free float and potentially enhancing earnings per share and capital returns for remaining shareholders while signalling continued management confidence in the company’s valuation.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1015.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock Buyback
Drax Tightens Free Float With Further Share Buybacks
Positive
Feb 4, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 70,200 ordinary shares on 3 February 2026 on the London Stock Exchange at prices between 906p and 917.5p, with a volume-weighted average price of 911.93p. Following these transactions, the company has 432,245,032 ordinary shares in issue, of which 93,161,989 are held in treasury, leaving 339,083,043 voting shares in circulation; in total, 6,020,589 shares have now been bought back into treasury since the programme began, further tightening the free float and potentially enhancing earnings and value per share for remaining investors while clarifying the denominator for regulatory disclosure thresholds.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1022.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Continues Share Buyback, Lifts Treasury Holdings to Nearly 93 Million Shares
Positive
Feb 3, 2026

Drax Group plc has continued to execute its ongoing share buyback programme, repurchasing 71,000 ordinary shares on 2 February 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume‑weighted average price of about 905 pence per share. Following this latest tranche, Drax has 432,245,032 ordinary shares in issue, of which 93,091,789 are held in treasury, leaving 339,153,243 voting shares in circulation; since the buyback began in July 2025, the company has acquired a total of 5,950,389 shares for treasury, a move that incrementally boosts earnings per share and signals ongoing capital returns to shareholders while reducing the free float in the market.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1009.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Regulatory Filings and Compliance
Drax Confirms Total Voting Rights at 339.2 Million Shares
Neutral
Feb 2, 2026

Drax Group plc has reported that, as of 31 January 2026, its issued share capital comprised 432,245,032 ordinary shares, each carrying one vote, of which 93,020,789 are held in treasury and therefore do not have voting rights. This leaves a total of 339,224,243 voting rights in the company, a key figure for shareholders and market participants when calculating notifiable shareholdings and monitoring changes in voting interests under UK financial disclosure rules.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1009.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Adds to Buyback with Further Share Repurchases
Positive
Feb 2, 2026

Drax Group plc has continued its previously announced share buyback programme with the repurchase of 69,513 ordinary shares on 30 January 2026 on the London Stock Exchange, at prices ranging between 896.5p and 904.0p per share and a volume-weighted average price of 900.1703p. Following this latest transaction, Drax has 432,245,032 ordinary shares in issue of which 93,020,789 are held in treasury, leaving 339,224,243 voting shares in circulation, and the company has bought back a total of 5,879,389 shares into treasury since the programme began in July 2025, underscoring its ongoing capital management and return-of-cash strategy for shareholders.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1009.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock Buyback
Drax Buys Back More Shares, Cutting Free Float to 339.3 Million
Positive
Jan 30, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 70,300 ordinary shares on 29 January 2026 on the London Stock Exchange at prices ranging between 894.5p and 912.5p, at a volume-weighted average price of 906.1176p per share. Following these latest purchases, the company now has 432,240,650 ordinary shares in issue, of which 92,951,276 are held in treasury, leaving 339,289,374 voting shares in circulation; since the buyback began in July 2025, Drax has bought a total of 5,809,876 shares for treasury, a move that incrementally reduces the free float and can enhance earnings per share and capital returns for remaining shareholders.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1006.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and Strategy
Drax Signs Capital-Light Tolling Deal for 250MW Battery Storage at West Burton
Positive
Jan 30, 2026

Drax Group has signed its first tolling agreement for 250MW (500MWh) of battery energy storage capacity with Fidra Energy’s West Burton C project in England, further expanding its FlexGen portfolio. The 10-year, capital-light deal gives Drax full operational control and dispatch rights over the new BESS asset, with Fidra retaining construction and maintenance responsibilities, and is expected to generate returns significantly above Drax’s weighted average cost of capital. The arrangement, which depends on Fidra’s final investment decision by the third quarter of 2026 and targeted commercial operations in the second half of 2029, complements Drax’s recent acquisitions of Flexitricity and three BESS developments, reinforcing its positioning in flexible, low-carbon power and aligning with UK objectives on energy security and decarbonisation.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1006.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Expands Treasury Holdings as Share Buyback Programme Progresses
Positive
Jan 29, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 68,797 ordinary shares on 28 January 2026 via J.P. Morgan Securities at prices ranging from 906.5p to 916.0p, with a volume-weighted average price of 911.2822p. Following these transactions, Drax has 432,240,650 ordinary shares in issue, of which 92,880,976 are held in treasury, leaving 339,359,674 voting shares in circulation, and the company has now bought back a total of 5,739,576 shares into treasury since the programme began in July 2025, signalling an ongoing capital management strategy that reduces free float and may enhance earnings per share for remaining investors.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1020.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock Buyback
Drax Continues Share Buyback, Lifting Treasury Holdings to 5.7 Million Shares
Positive
Jan 28, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 70,181 ordinary shares on 27 January 2026 on the London Stock Exchange at prices ranging between 897.0p and 914.5p, with a volume-weighted average price of 906.6828p. Following this latest transaction, the company has 432,240,650 ordinary shares in issue, of which 92,812,179 are held in treasury, leaving 339,428,471 voting rights in circulation; in total, Drax has now bought back 5,670,779 shares into treasury since the programme began, a move that tightens the free float and may enhance earnings per share and capital returns for remaining shareholders.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1028.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock Buyback
Drax Continues Share Buyback, Lifting Treasury Holdings and Reducing Free Float
Positive
Jan 27, 2026

Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 71,279 ordinary shares on 26 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 894.1715 pence. Following this latest tranche, the company has 432,240,650 ordinary shares in issue of which 92,741,998 are held in treasury, leaving 339,498,652 voting rights in circulation, and it has bought back a total of 5,600,598 shares into treasury since the programme began in July 2025, a move that tightens the free float and may support earnings per share and capital return objectives for shareholders.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1001.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial Disclosures
Drax Adds to Buyback, Lifts Treasury Share Holdings and Tightens Free Float
Positive
Jan 26, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 68,484 ordinary shares on 23 January 2026 via J.P. Morgan Securities at prices between 890.0p and 898.5p, with a volume-weighted average of 894.9109p. Following this latest tranche, Drax has 432,240,650 ordinary shares in issue, of which 92,670,719 are held in treasury, leaving 339,569,931 voting shares in circulation, and has cumulatively bought back 5,529,319 shares into treasury since the programme began, a move that supports capital allocation to shareholders and marginally increases earnings per share and voting concentration for remaining investors.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1006.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Drax Buys More Shares Under Ongoing Buyback, Trimming Free Float
Positive
Jan 23, 2026

Drax Group plc has continued to execute its share buyback programme, repurchasing 63,364 ordinary shares on 22 January 2026 via J.P. Morgan Securities at a volume-weighted average price of 893.811 pence per share. Following this latest tranche, the company now has 432,240,650 ordinary shares in issue, of which 92,602,235 are held in treasury, leaving 339,638,415 shares carrying voting rights; since the buyback programme began on 31 July 2025, Drax has acquired a total of 5,460,835 shares for treasury, a move that gradually reduces the free float and can enhance earnings per share while requiring investors to update their calculations of ownership thresholds and disclosure obligations under UK market rules.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1001.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Buys Back More Shares, Reducing Free Float and Consolidating Capital
Positive
Jan 22, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 63,299 ordinary shares on 21 January 2026 via J.P. Morgan Securities at prices ranging from 877.0p to 894.5p, with a volume-weighted average price of 888.2575p. Following this latest transaction, Drax now has 432,240,650 ordinary shares in issue, of which 92,538,871 are held in treasury, leaving 339,701,779 voting shares in circulation; in total, the company has bought back 5,397,471 shares into treasury since the programme began, a move that reduces the free float and may enhance earnings per share and capital management flexibility for existing investors.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £996.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock Buyback
Drax Buys Back More Shares, Reducing Free Float and Voting Stock
Positive
Jan 21, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 62,092 ordinary shares on 20 January 2026 on the London Stock Exchange at prices between 876.0p and 890.5p, with a volume-weighted average price of 881.8294p. Following this latest transaction, the company has 432,240,650 ordinary shares in issue, of which 92,475,572 are held in treasury, leaving 339,765,078 voting shares in circulation; in aggregate, Drax has bought back 5,334,172 shares into treasury since the programme began in July 2025, a move that tightens its free float and may support earnings per share and shareholder value over time.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £985.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyM&A Transactions
Drax to Acquire Flexitricity in £36m Deal to Boost Battery Storage and FlexGen Growth
Positive
Jan 21, 2026

Drax Group has agreed to acquire Flexitricity Limited, a UK-based optimiser of flexible energy assets, for £36 million, subject to regulatory approvals, with completion expected in the first quarter of 2026. Flexitricity, founded in 2004 and headquartered in Edinburgh, operates a proprietary AI- and machine learning-enabled platform that provides optimisation and route-to-market services for over 900MW of operational assets, including battery storage, gas peakers, renewables and demand-side response, and its roughly 85 employees will join Drax. The acquisition is expected to generate returns significantly above Drax’s cost of capital and will materially strengthen the Group’s FlexGen business by adding scalable technology and expertise to support its gigawatt-scale BESS growth plans and expand its capability to optimise both its own and third-party flexible energy assets, reinforcing Drax’s role in UK energy security and new energy services for customers.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £985.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Buys Back More Shares as Capital Return Programme Continues
Positive
Jan 20, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 61,669 ordinary shares on 19 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 899.6631 pence. Following this latest tranche, the company has 432,240,650 ordinary shares in issue, of which 92,413,480 are held in treasury, leaving 339,827,170 voting rights in circulation; in total, Drax has acquired 5,272,080 shares into treasury since the programme began in July 2025, signalling ongoing efforts to return capital to shareholders and manage its capital structure.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1004.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock Buyback
Drax Buys Back More Shares, Reducing Free Float and Clarifying Voting Rights
Positive
Jan 19, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 62,163 ordinary shares on 16 January 2026 via J.P. Morgan Securities at prices between 899.0p and 908.5p, with a volume-weighted average price of 902.8286p per share. Following this latest transaction, Drax has 432,240,650 ordinary shares in issue, of which 92,351,811 are held in treasury, leaving 339,888,839 voting shares outstanding; in aggregate since the launch of the programme in July 2025, the company has bought back 5,210,411 shares into treasury, a move that reduces the free float and can enhance earnings per share while providing shareholders with a clear view of the current voting rights base for regulatory disclosure purposes.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1012.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Buys Back More Shares, Reducing Free Float and Consolidating Capital
Positive
Jan 16, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 62,800 ordinary shares on 15 January 2026 via J.P. Morgan Securities at a volume-weighted average price of 899.569 pence. Following this latest tranche, the company now has 432,209,059 ordinary shares in issue, of which 92,289,648 are held in treasury, leaving 339,919,411 voting shares in the market, and bringing total purchases under the programme since July 2025 to 5,148,248 shares, a move that tightens the free float and may enhance earnings per share and capital returns for remaining investors.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £1007.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock Buyback
Drax Continues Share Buyback, Lifting Treasury Holdings and Reducing Free Float
Positive
Jan 15, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 64,178 ordinary shares on 14 January 2026 on the London Stock Exchange at prices ranging between 883.5p and 894.5p per share, with a volume-weighted average price of 888.9882p. Following this latest transaction, the company has 432,209,059 ordinary shares in issue, of which 92,226,848 are held in treasury, leaving 339,982,211 voting rights in circulation, and it has now acquired a total of 5,085,448 shares into treasury since the programme began, slightly enhancing remaining shareholders’ proportional stakes and tightening the free float.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £982.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Continues Share Buyback, Tightening Free Float and Boosting Capital Returns
Positive
Jan 13, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 61,478 ordinary shares on 12 January 2026 on the London Stock Exchange at prices between 885.0p and 895.5p, with a volume-weighted average price of 889.7024p. Following this transaction, the company has 432,209,059 ordinary shares in issue, of which 92,098,666 are held in treasury, leaving 340,110,393 voting shares in circulation; since the launch of the programme in July 2025, Drax has bought back a total of 4,957,266 shares for treasury, signalling an ongoing commitment to capital returns and a tighter share base for existing investors.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £11.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock BuybackFinancial Disclosures
Drax Continues Share Buyback, Lifts Treasury Holdings to Nearly 92 Million Shares
Positive
Jan 13, 2026

Drax Group plc has repurchased 61,478 of its ordinary shares on the London Stock Exchange under its ongoing share buyback programme, paying prices between 885.0p and 895.5p per share, with a volume-weighted average of 889.7024p. Following this latest transaction, Drax now has 432,209,059 ordinary shares in issue, of which 92,098,666 are held in treasury and 340,110,393 carry voting rights, and the group has bought back a total of 4,957,266 shares into treasury since launching the programme in July 2025, incrementally boosting earnings per share and returning capital to investors while modestly increasing the ownership concentration of remaining shareholders.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £11.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Continues Share Buyback, Lifts Treasury Holdings and Trims Voting Share Count
Positive
Jan 12, 2026

Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 63,500 ordinary shares on 9 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 890.3963 pence. Following this latest transaction, the company has 432,209,059 ordinary shares in issue, of which 92,037,188 are held in treasury, leaving 340,171,871 voting rights outstanding; since the start of the programme in July 2025, Drax has bought back a total of 4,895,788 shares for treasury, underscoring an ongoing capital management strategy that reduces free float and can enhance earnings per share for remaining shareholders.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £11.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Continues Share Buyback, Lifts Treasury Holdings to Nearly 92 Million Shares
Positive
Jan 9, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 64,176 ordinary shares on 8 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 887.4286 pence per share. Following this latest tranche, the company has 432,209,059 ordinary shares in issue, of which 91,973,688 are held in treasury, leaving 340,235,371 voting shares outstanding, and has cumulatively bought back 4,832,288 shares into treasury under the programme, a move that adjusts its capital structure and may influence shareholder returns and voting dynamics.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Continues Share Buyback, Lifts Treasury Shareholding and Trims Free Float
Positive
Jan 6, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, purchasing 53,752 ordinary shares on 5 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 848.6524 pence. Following this latest transaction, Drax has 432,171,763 ordinary shares in issue, of which 91,909,512 are held in treasury, leaving 340,262,251 voting shares in circulation; in total, 4,768,112 shares have been repurchased for treasury since the programme began in July 2025, incrementally reducing the free float and potentially enhancing earnings per share and capital returns for remaining investors.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Continues Share Buyback, Lifts Treasury Holdings to 91.9 Million Shares
Positive
Jan 5, 2026

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 67,355 ordinary shares on 2 January 2026 on the London Stock Exchange via J.P. Morgan Securities at prices between 835p and 850p, with a volume-weighted average of 844.1857p. Following this latest transaction, Drax has 432,171,763 ordinary shares in issue of which 91,855,760 are held in treasury, leaving 340,316,003 voting shares in circulation, and the company has now acquired a total of 4,714,360 shares for treasury since the programme began in July 2025, a move that effectively returns capital to shareholders and incrementally enhances earnings and voting power per remaining share.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Regulatory Filings and Compliance
Drax Updates Market on Total Voting Rights and Share Capital
Neutral
Jan 2, 2026

Drax Group plc has reported that, as of 31 December 2025, its issued share capital comprised 432,171,763 ordinary shares, each carrying one vote, of which 91,788,405 are held in treasury and therefore do not carry voting rights. As a result, the total number of voting rights currently exercisable in the company stands at 340,383,358, a figure that shareholders and investors must use as the reference denominator when assessing and disclosing changes to their voting interests under UK financial disclosure rules.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Buys Back Further Shares as Capital Return Programme Progresses
Positive
Dec 24, 2025

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 67,673 ordinary shares on 23 December 2025 on the London Stock Exchange at prices ranging between 829p and 836p, with a volume-weighted average price of 833.2673p per share. Following this latest transaction, the company has 432,171,763 ordinary shares in issue, of which 91,788,405 are held in treasury, leaving 340,383,358 voting shares outstanding as at 23 December 2025; since the launch of the programme in July 2025, Drax has bought back a total of 4,647,005 shares for treasury, signalling ongoing efforts to return capital to shareholders and manage its capital structure.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Buys Back Further Shares, Reducing Free-Float Voting Stock
Positive
Dec 23, 2025

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 67,809 ordinary shares on 22 December 2025 on the London Stock Exchange at prices between 820.5p and 829.5p, with a volume‑weighted average price of 825.2210p. Following this latest tranche, Drax has 432,171,763 ordinary shares in issue, of which 91,720,732 are held in treasury, leaving 340,451,031 shares carrying voting rights, and the company has bought back a total of 4,579,332 shares into treasury since launching the programme on 31 July 2025, underscoring its ongoing capital-return strategy and altering the share base used by investors for calculating voting power and disclosure thresholds.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock Buyback
Drax Tightens Share Base With Further Buyback on 19 December
Positive
Dec 22, 2025

Drax Group plc has continued to execute its ongoing share buyback programme, repurchasing 67,395 ordinary shares on 19 December 2025 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of approximately 824 pence per share. Following this latest transaction, the company has 432,171,763 ordinary shares in issue, of which 91,652,923 are held in treasury, leaving 340,518,840 voting shares in circulation, and it has now acquired a total of 4,511,523 shares for treasury since the buyback programme began in July 2025, further consolidating its share base and adjusting the balance of voting rights for existing investors.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Drax Buys Back Further Shares, Reducing Free Float and Updating Voting Rights
Positive
Dec 19, 2025

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 68,491 ordinary shares on 18 December 2025 on the London Stock Exchange at prices ranging between 811.5p and 820.5p, with a volume-weighted average of 815.5432p per share. Following this latest transaction, Drax now has 432,170,164 ordinary shares in issue, of which 91,585,528 are held in treasury, leaving 340,584,636 voting shares in circulation; since the start of the programme on 31 July 2025, the company has bought back a total of 4,444,128 shares for treasury, a move that reduces the free float and may enhance earnings per share while providing updated share and voting-rights figures for investors and regulatory disclosure calculations.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Updates on Share Buyback Program
Positive
Dec 18, 2025

Drax Group announced updates on its share buyback program, revealing the purchase of 69,774 ordinary shares on 17 December 2025. This program, initiated in July 2025, underscores the company’s efforts to optimize its capital structure and return value to shareholders. Following this transaction, Drax holds 340,653,127 voting shares available for shareholder calculations and has reacquired 4,375,637 shares since the start of the program. This initiative underscores Drax’s strategic positioning to enhance shareholder engagement and manage its equity effectively.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Enhances Capital Strategy with Share Buyback
Positive
Dec 16, 2025

Drax Group plc has executed a share buyback program, purchasing 71,419 of its ordinary shares on the London Stock Exchange. This move is part of a broader strategy announced in July 2025, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value. The buyback reflects Drax’s commitment to maintaining a balanced approach to capital allocation, which could positively impact its market positioning and stakeholder confidence.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Continues Share Buyback Programme
Neutral
Dec 15, 2025

Drax Group plc has announced the purchase of 71,792 of its own ordinary shares as part of its ongoing share buyback programme, which was initiated on 31 July 2025. This transaction, executed through J.P. Morgan Securities plc, reflects Drax Group’s strategic efforts to manage its capital structure and potentially enhance shareholder value. Following this purchase, the company now has 432,170,164 ordinary shares in issue, with 91,305,853 held in treasury, impacting the total number of voting rights available to stakeholders.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Advances Share Buyback Program
Positive
Dec 12, 2025

Drax Group plc has executed a share buyback program, purchasing 48,477 of its ordinary shares on the London Stock Exchange. This move is part of a broader strategy announced earlier in the year, reflecting the company’s commitment to optimizing its capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £883.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Advances Share Buyback Program to Enhance Shareholder Value
Positive
Dec 11, 2025

Drax Group plc has executed a share buyback program, purchasing 50,262 ordinary shares on the London Stock Exchange as part of a previously announced initiative. This move is part of a broader strategy to manage its capital structure and enhance shareholder value, reflecting the company’s ongoing efforts to strengthen its market position and financial stability.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £883.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Drax Group Reports Strong 2025 Performance and Future Growth Plans
Positive
Dec 11, 2025

Drax Group plc reports strong performance in 2025, with expectations for adjusted EBITDA at the top end of consensus estimates. The company aims to generate £3 billion in free cash flow from 2025 to 2031, supporting significant shareholder returns and investments in growth areas such as energy security and data centers. Drax is expanding its FlexGen portfolio, which includes flexible, renewable energy solutions like BESS and OCGTs, to meet the growing demand for dispatchable power. The company is also investing in infrastructure upgrades and acquisitions to enhance its capabilities and support long-term value creation.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £883.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Executes Share Buyback to Optimize Capital Structure
Neutral
Dec 10, 2025

Drax Group plc has executed a share buyback program, purchasing 51,004 of its ordinary shares on the London Stock Exchange. This move is part of a broader strategy announced in July 2025, aiming to consolidate its share capital and potentially enhance shareholder value. Following this transaction, Drax Group’s total number of ordinary shares in issue, including treasury shares, stands at 432,166,899, with 341,031,577 voting rights available. The buyback reflects Drax’s ongoing efforts to manage its capital structure effectively, which could have implications for its market valuation and investor relations.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £883.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Enhances Shareholder Value with Share Buyback
Positive
Dec 9, 2025

Drax Group plc announced a recent transaction involving the purchase of 70,540 of its own shares as part of a share buyback program initiated in July 2025. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, reflecting confidence in its financial health and future prospects. The transaction impacts the total number of shares in issue and voting rights, which stakeholders can use to assess their positions in accordance with regulatory requirements.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £883.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Executes Share Buyback to Enhance Shareholder Value
Positive
Dec 8, 2025

Drax Group plc has executed a share buyback program, purchasing 71,467 of its ordinary shares on the London Stock Exchange. This move is part of a broader initiative announced in July 2025, which has seen the company acquire a total of 3,872,378 shares for treasury. The transactions are aimed at optimizing the company’s capital structure and providing value to shareholders, reflecting Drax’s strategic focus on enhancing shareholder returns.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £883.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Advances Share Buyback Program with Latest Purchase
Neutral
Dec 5, 2025

Drax Group plc announced the purchase of 72,833 of its ordinary shares as part of its ongoing share buyback program. This transaction, conducted through J.P. Morgan Securities plc, reflects Drax’s strategic initiative to manage its capital structure and potentially enhance shareholder value. The buyback program, initiated on July 31, 2025, has seen the acquisition of a total of 3,800,911 shares, indicating the company’s commitment to this financial strategy. The transaction impacts the total number of shares in issue and voting rights, which stakeholders can use for their interest calculations under regulatory rules.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £8.50 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Advances Share Buyback Programme
Positive
Dec 4, 2025

Drax Group plc has announced the purchase of 72,858 of its ordinary shares as part of its ongoing share buyback programme, which was initiated on 31 July 2025. This transaction is part of a larger effort, with the company having acquired a total of 3,728,078 shares for treasury since the programme’s inception. The buyback initiative is likely aimed at consolidating the company’s share capital and potentially enhancing shareholder value, reflecting Drax’s strategic financial management in the energy sector.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £8.50 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Advances Share Buyback Program with Latest Purchase
Positive
Dec 3, 2025

Drax Group plc announced the purchase of 76,241 of its own ordinary shares as part of its ongoing share buyback program initiated in July 2025. This transaction, executed through J.P. Morgan Securities plc, reflects Drax’s strategy to manage its capital structure and potentially enhance shareholder value. Following this purchase, the company now has 432,166,899 ordinary shares in issue, with 90,796,620 held in treasury. The buyback program, which has seen the acquisition of over 3.6 million shares since its announcement, underscores Drax’s commitment to optimizing its financial operations and maintaining a strong market position.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £8.50 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Stock Buyback
Drax Group Advances Share Buyback Programme
Neutral
Dec 2, 2025

Drax Group plc announced the purchase of 74,094 of its own ordinary shares as part of its ongoing share buyback programme. This transaction, executed through J.P. Morgan Securities plc, is part of a larger initiative that has seen the company repurchase a total of 3,578,979 shares since July 2025. The buyback is intended to optimize the capital structure and return value to shareholders, potentially impacting the company’s market positioning and shareholder interests.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £10.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Regulatory Filings and Compliance
Drax Group Announces Share Capital and Voting Rights Update
Neutral
Dec 1, 2025

Drax Group plc announced its total voting rights and share capital as of November 30, 2025. The company’s issued share capital consists of 432,166,899 ordinary shares, with 90,646,285 held in treasury, resulting in 341,520,614 voting rights. This information is crucial for shareholders to determine their voting rights interest in compliance with the FCA’s Disclosure and Transparency Rules.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £10.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Advances Share Buyback Program with Latest Purchase
Positive
Dec 1, 2025

Drax Group plc announced the purchase of 74,934 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through J.P. Morgan Securities plc, is part of a broader strategy to manage the company’s capital structure and enhance shareholder value. The buyback reflects Drax’s commitment to optimizing its financial operations, potentially impacting its market positioning and offering implications for its shareholders.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £10.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock Buyback
Drax Group Executes Share Buyback to Enhance Shareholder Value
Positive
Dec 1, 2025

Drax Group plc has executed a share buyback program, purchasing 74,934 of its ordinary shares on the London Stock Exchange, as part of a previously announced initiative. This move is part of Drax’s strategy to manage its capital structure and enhance shareholder value, reflecting its confidence in the business’s long-term prospects.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £10.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Drax Group Advances Share Buyback Strategy
Neutral
Nov 28, 2025

Drax Group plc has executed a share buyback program, purchasing 77,543 of its ordinary shares on the London Stock Exchange. This move is part of a broader strategy announced in July 2025, aimed at optimizing capital structure and enhancing shareholder value. The transaction affects the total number of shares in issue and voting rights, with implications for shareholder notifications under regulatory rules.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £10.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 28, 2026