Drax Group plc (DRX.L)
| Previous close | 554.00 |
| Open | 550.00 |
| Bid | 553.50 x 0 |
| Ask | 553.50 x 0 |
| Day's range | 547.50 - 556.50 |
| 52-week range | 279.58 - 566.00 |
| Volume | 347,708 |
| Avg. volume | 1,801,307 |
| Market cap | 2.208B |
| Beta (5Y monthly) | 1.24 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -19.50 |
| Earnings date | 29 Jul 2021 |
| Forward dividend & yield | 0.18 (3.21%) |
| Ex-dividend date | 26 Aug 2021 |
| 1y target est | 631.25 |
- The Guardian
Drax dropped from index of green energy firms amid biomass doubts
Drax dropped from index of green energy firms amid biomass doubtsDoubts over sustainability of company’s wood-burning power plant mount within financial sector A person holds biomass pellets at Drax power station in North Yorkshire. Drax claims that burning biomass to generate electricity is ‘carbon neutral’. Photograph: Anna Gowthorpe/PA
- The Guardian
Soaring electricity prices could add £500m to value of energy firm Drax
Soaring electricity prices could add £500m to value of energy firm DraxShare value of North Yorkshire power plant’s owner climbs to highest price in almost seven years The Drax power plant near Selby, North Yorkshire. Drax is preparing to sell its biomass electricity at record energy market prices. Photograph: Anna Gowthorpe/PA
- Reuters
UK's Drax might delay retirement of coal plants to plug energy gap -FT
"If the government wants us to rethink our plans, we need to talk to them in the next few months," Drax CEO Will Gardiner said in an interview with the FT. Gardiner said the United Kingdom would face a "tough winter" if temperatures were colder than average, and Drax's last remaining coal units would help to balance a grid that had experienced tight supply in recent weeks. The country's energy regulator Ofgem and business minister Kwasi Kwarteng warned parliament this week that soaring gas prices would force more suppliers out of business and that the industry should prepare for a tougher environment.
