Drax boost from power rises not in share price, suggests JP Morgan
The broker expects Drax to upgrade 2022 underlying profit [EBITDA] expectations
Company
Drax Group
LON:DRX
Drax Group is the owner and operator of Drax Power Station, the largest, cleanest and most efficient coal-fired power station in the UK.
228 stories · page 7 of 12
Coal set for reprieve as officials prepare to waive emissions checks - report
Business Secretary Kwasi Kwarteng has asked National Grid to keep EDF, Drax and Uniper coal stations running this winter
Drax, SSE at risk from electricity market reform - Citigroup
The government is due to consult on its review of the electricity market by mid-July
Drax target raised to 1,150p as power prices buoy earnings
RBC has increased its underlying profit [EBITDA] forecasts by 20-60% over 2023-25E
Drax Group powers up as Downing Street asks it to keep coal power stations burning
Analysts at JP Morgan have put an overweight rating on the shares and hiked their price target
UK mulls coal U-turn on concerns over Russian gas supplies - report
"We are exploring a wide range of options for further bolstering our energy security," a Whitehall source told The Times newspaper
Drax acquires wood pellet sales book from Canada's Pacific BioEnergy
Drax is aiming to double sales of biomass to third parties to at least 4mln tonnes a year by 2030,
Drax sees profit at top end of forecasts; outlines £3bn investment plan
The power company has not been materially impacted by supply chain woes and rising freight costs
Drax biomass plant is UK's biggest CO2 emitter – research
Biomass emissions are treated as carbon neutral and therefore not included in the total CO2 emissions count for the UK
Drax may run coal-fired power plants beyond planned closure in 2022 amid UK energy crisis - report
“We’re very aware that the country might have a significant problem and if there’s something Drax can do we will absolutely think about doing that,” said chief executive Will Gardiner
Drax emerges as clear winner as UK power prices soar
Drax was given a helping hand by an upgrade from analysts at Barclays
Drax Group under fire over its biomass plans
No smoke without fire? Think tank Ember says Drax is set to cost the energy consumer a packet in subsidies while Drax says it is going to save us all a pile of money and save the planet
UK needs range of renewable energy sources as low wind threatens energy security, Imperial College warns
New research from Imperial College backs up the IEA report last week said that said a wide range of measures and technologies are needed to achieve net-zero emissions
SSE best-placed utility for any inflation resurgence, says Citigroup
Power generator SSE has the least inflation-linked debt
Drax reports robust trading in first months of 2021
As of 16 April, the energy company had 25.7 terawatts per hour of power sales contracted at £49 per megawatt per hour
Drax shareholders approve Canadian biomass company acquisition despite environmental warning
The energy firm is planning to clean up operations by replacing coal with wood pellets but scientists have advised against it
Drax scraps UK gas-fired power station plans to focus on renewables
Environmental groups have been protesting what would have become Europe’s biggest gas-fired power station
Drax may ditch UK gas-fired power station in environmental effort
The project has been criticised by environmental groups after the government approved it in 2019
Drax ties up Canadian biomass purchase to turn it carbon zero by 2030
The UK power station owner has offered C$11.30 per share, a 13% premium to the last close
Drax extends £125mln loan linked to carbon emissions to 2025
The facility includes a mechanism that adjusts the rate of interest paid based on Drax's carbon emissions against an annual benchmark