TheScreener - Drax Group plc (DRX) DRAX GROUP loses on its star level and is downgraded to Slightly Positive

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DRAX GROUP loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of DRAX GROUP (GB), active in the Conventional Electricity industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date January 18, 2022, the closing price was GBp 586.50 and its potential was estimated at GBp 684.67.

19/01/2022 1 EN

Underlying

Drax Group plc

Drax Group operates an integrated value chain across three principal areas of activity: sustainable wood pellet production, which produces wood pellets from sustainable low-value commercial forestry residues for use in the generation of low-carbon electricity; electricity generation, which produces low-carbon electricity from sustainably sourced wood pellets and provides system support services to the electricity grid from biomass and coal generation; and energy sales and services to business customers, which supplies low-carbon energy solutions as well as power, gas and services to industrial, corporate and small businesses.

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GB00B1VNSX38 London Stock Exchange United Kingdom

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TheScreener

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DRAX GROUP loses on its star level and is downgraded to Slightly Positive

Empowering Investors

Drax Group: 1 director

Drax applauds the government of Canada’s commitment to biomass technologies as highlighted in the Fall Economic Statement

Drax Foundation Donates More Than $450,000 Aiding Canadian Organizations Focused on Supporting Indigenous Communities

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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