A competing and recommended bid for the Harmony Energy Income Trust creates some uncertainty over Drax’s position. While we welcomed Drax’s bid for this portfolio of battery assets when announced, if Drax does walk away we would not see this as a major setback and there are plenty of opportunities in the market. More importantly the level of interest in these flexible asset points to the value of Drax’s existing FlexGen portfolio.

17 Apr 2025
Drax Group - New Bid Shows Value of Flexibility

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Drax Group - New Bid Shows Value of Flexibility
Drax Group plc (DRX:LON) | 601 -69.1 (-1.9%) | Mkt Cap: 2,141m
- Published:
17 Apr 2025 -
Author:
Adam Forsyth -
Pages:
6 -
A competing and recommended bid for the Harmony Energy Income Trust creates some uncertainty over Drax’s position. While we welcomed Drax’s bid for this portfolio of battery assets when announced, if Drax does walk away we would not see this as a major setback and there are plenty of opportunities in the market. More importantly the level of interest in these flexible asset points to the value of Drax’s existing FlexGen portfolio.