Drax Group (DRX)

806.50
-2.00(-0.25%)
  • Volume:
    290,067
  • Bid/Ask:
    806.00/807.00
  • Day's Range:
    795.50 - 818.50

DRX Overview

Prev. Close
808.5
Day's Range
795.5-818.5
Revenue
5.17B
Open
795.5
52 wk Range
388.8-845.89
EPS
0.13
Volume
290,067
Market Cap
3.23B
Dividend (Yield)
18.80
(2.33%)
Average Volume (3m)
1,566,125
P/E Ratio
62.64
Beta
1.47
1-Year Change
85.69%
Shares Outstanding
400,360,015
Next Earnings Date
25 Jul 2022
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Drax Group News

Drax Group Analysis

Drax Group Company Profile

Drax Group Company Profile

Drax Group PLC is a United Kingdom-based renewable energy generator. The Company operates a portfolio of renewable biomass and hydro assets to provide renewable and low-carbon generation and system support services. It operates through three segments: Generation, Customers and Pellet Production. The Generation segment includes its power generation activities in the United Kingdom (UK). The Customers segment is engaged in the supply of electricity and gas to business customers in the UK. The Pellet Production segment is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States (US). The Customers segment supplies renewable electricity to businesses through Haven Power and Opus Energy. Haven Power supplies and manages electricity for large industrial and commercial sector customers, as well as small businesses. Opus Energy provides a market for excess power from energy sources, such as wind, solar, hydro and anaerobic digestion.

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Technical Summary

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  • Stocks likely rising on hope of the Scottish pumped hydro plans being approved. The BEIS has announced support of energy storage to facilitate more intermittent renewables such as wind so very likely both approved and financially supported. Interestingly even with UK power prices surging the wholesale price has still dipped into negative this year due to supply/demand so big money in storage facilities.
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    • 90% up this year on this wgere will it stop ??
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      • What are they really worth after great run recently ?
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        • Why the drop today?
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          • are these worth a punt what's the Divi % ??
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            • Barclays say 960p ? Thoughts ?
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              • Back to 450 after going ex divi in April
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                • biomass technology is the near future.
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                  • Is the new 2018 CCS better than the 2011 White Rose?. . May I offer "Red Rose" as the name for the new project?. . Standing forests are the best way to sequester carbon. Wood pellets made from Southern US forests are a climate crime, not a solution. . Hey, try wind and solar power, emission free, the most resilient solution ... stranded assets will  not mean much in a dead planet
                    5
                    • If burning wood pellets is carbon-neutral, why would Drax invest on natural gas generation?. . Natural gas, a fossil fuel known as Methane, C4H4 produced by FRACKING, is not a solution for the climate emergency.. . Why? Methane leaks are part and parcel of the extraction and transportation of natural gas.. . Escaping emissions of methane, which is 72-times more powerful than CO2 when it comes to trapping heat in the atmosphere, is a false climate solution.
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