Drax’s interim results show strong growth with good performance across the company. Generation especially reflects the company’s leading position in UK dispatchable power. Support to GB system security continues with the making available of generation for next winter and the strong commitment to biomass energy with carbon capture and storage (BECCS) development both in the UK and now in North America. We see our recent upgrade with a new central case valuation of 945p as justified by these resul ....
26 Jul 2022
Drax Group - Benefiting From Position in Market
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Drax Group - Benefiting From Position in Market
Drax Group plc (DRX:LON) | 489 30.3 1.3% | Mkt Cap: 1,892m
- Published:
26 Jul 2022 -
Author:
Adam Forsyth -
Pages:
6
Drax’s interim results show strong growth with good performance across the company. Generation especially reflects the company’s leading position in UK dispatchable power. Support to GB system security continues with the making available of generation for next winter and the strong commitment to biomass energy with carbon capture and storage (BECCS) development both in the UK and now in North America. We see our recent upgrade with a new central case valuation of 945p as justified by these resul ....