RNS Number : 0576P Drax Group PLC 03 August 2026 3 August 2026Drax Group plc("Drax" or the "Company"; Symbol: DRX)Issue of SharesIn conformity with the PRM 1.6.4R, the Company announces that it has issued and allotted 98,207 ordinary shares of 11 16/29 pence each in the Company, in connection w…
Adjusted EBITDA declined to £279m due to lower power prices and outages, but the balance sheet remains strong with net debt at £1,025m and a 1.3x leverage ratio. Strategic investments in flexible and renewable generation, including the proposed BSIF acquisition, are set to boost capacity by 85% by…
Strong H1 performance with £279m Adj. EBITDA and strategic progress in flexible generation, renewables, and data centre options. Net debt rose to £1,025m, and the BSIF acquisition will further diversify the portfolio. Targeting £650–800m Adj. EBITDA by 2029.Original document: Drax Group plc [DRX] S…
Citigroup trimmed its price target on Drax Group (LSE:DRX) slightly to 814p while maintaining a Neutral rating, as the company also issued 339,328 ordinary shares to employee plan participants in June, with the new stock trading on the London Stock Exchange.Previous Week Recap This is a…
