A director at Drax Group maiden bought 80,000 shares at 646p and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
Drax applauds the government of Canada’s commitment to biomass technologies as highlighted in the Fall Economic Statement Commitment shows the strength biomass and BECCS technology has in achieving a cleaner future VANCOUVER, British Columbia, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Drax commends the Government of Canada on the inclusion of biomass-using technologies in the Clean Technology and Clean Electricity Investment Tax Credits from the Fall Economic Statement (FES) released this week. Biomass is a key component of the clean energy sector with the potential to reduce reliance on die...
Drax Foundation Donates More Than $450,000 Aiding Canadian Organizations Focused on Supporting Indigenous Communities Five organizations to receive funding that will focus on STEM education, biological diversity, sustainable forest management and Indigenous education VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Renewable energy company Drax has announced that five Canadian non-profits will receive over $450,000 from the second round of Drax Foundation donations. The latest round of funding will go to programs that benefit Indigenous communities, as well as over 1,200 c...
STEM Education across Canada and in Indigenous Communities Gets Boost from Drax Foundation Three organizations receive $150,000 towards bettering their communities. VANCOUVER, British Columbia, June 21, 2023 (GLOBE NEWSWIRE) -- Drax has announced its first round of grant recipients who will be receiving funding from the newly created Drax Foundation. Launched in March 2023, the Drax Foundation funds initiatives that support education and skills development in Science, Technology, Engineering, and Math (STEM), as well as those that improve green spaces, enhance biodiversity, and support ...
It’s been a volatile few weeks for Drax since the UK Government published its “Powering up Britain” strategy and Track 1 status selection, leading to market uncertainty around Power BECCS. This prompted investor questions around policy support, strategy outlook, and capital allocation. To answer these questions and many more, Liberum caught up with Andy Skelton, CFO of Drax, for our latest Fireside Chat.
Drax Applauds Canada’s Budget Commitment to Biomass and Clean Energy Investments Budget 2023 recognizes importance of biomass as critical part of Canada’s clean economy VANCOUVER, British Columbia, April 06, 2023 (GLOBE NEWSWIRE) -- Drax, a leading producer and supplier of sustainable biomass, commends the Government of Canada on its recent Budget 2023 plan that supports significant investments in clean energy technologies and the need for biomass to achieve a clean economy. The Budget 2023 plan specifically highlights biomass as a key component of the clean energy sector, acknowledgin...
Liberum's research coverage encompasses more than 300 stocks across 12 pillars. Each quarter we ask our sector teams to list their most and least preferred stocks on a six to 12-month time horizon. Stock selection is largely limited to those names listed in the FTSE 350 and STOXX 600, eliminating less liquid names, and is driven by analysts’ preferences, rather than total shareholder return.
Although Power BECCS was not included in the immediate Track 1 process, the UK government has confirmed that it will set out a process for the expansion of Track 1 and has launched Track 2. Importantly, BECCS will now be eligible for both. The government has also confirmed that it will work closely with electricity generators currently using biomass to facilitate a transition to Power BECCS. On this basis, we believe there remains a lot to play for with regards to Drax’s UK BECCS proposition, es...
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