Drax Group plc (DRXGF)
Drax Group plc operates in the Renewable Utilities industry of the Utilities sector, headquartered in Selby, NY, GB. The stock last traded at $9.78, up 0.00% on the session, giving a market capitalisation of $3.29B. On trailing twelve-month figures it carries a trailing P/E of 48.90, a net margin of 0.4%. Its beta of 0.63 implies it has historically moved less than the broad market.
Drax Group plc, established in 2005 and headquartered in Selby, UK, specializes in renewable power generation across the United Kingdom. The company's activities are organized into three key segments: Generation, Customers, and Pellet Production. The Generation segment is responsible for delivering dispatchable, renewable electricity and crucial system support to the national grid. The Customers segment provides energy management services and non-generation system support. Through its Pellet Production segment, Drax supplies low-carbon fuel. The company's substantial asset portfolio includes the 2,000-megawatt Drax Power Station located in Selby, North Yorkshire, and the 440-megawatt Cruachan pumped hydro storage station in Argyll and Bute. Furthermore, Drax operates hydroelectric power stations in southwest Scotland (Lanark and Galloway) with a combined capacity of 126 megawatts. Beyond power generation, Drax also owns the Daldowie fuel plant, where sludge is converted into dry, low-odour fuel pellets. The company also manufactures and sells compressed wood pellets and is a supplier of renewable electricity.
Drax Group plc is most often compared with the following Utilities names: