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Drax Share News (DRX)
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Share Price Information for Drax (DRX)
Last checked at -
Last checked at 
Intraday Drax Share Chart
Citi downgrades Drax to 'sell'
(Sharecast News) - Citi downgraded Drax to 'sell' on Wednesday as it argued the shares have re-rated "unjustifiably" on the hope of further government support - a view the bank does not share before the general election.
"This appears even more unsustainable economically given cost of biomass, against the backdrop of falling power prices," Citi said.
"With nuclear life extensions and new build gas capacity on the horizon, the argument for Drax to receive further subsidies to support reserve margins is becoming less compelling."
The bank also sees downside risk from the ongoing National Audit Office and Ofgem investigations.
Latest DRX News
- LONDON BROKER RATINGS: Deutsche ups RS to buy; Exane neutral on Segro
3 days ago - FCA to take no action as it closes Drax probe
18 Jun 2026 - UK financial watchdog closes Drax investigation, takes no action
18 Jun 2026 - IN BRIEF: Hilton Food taps ex-Barratt and British Gas head as chair
16 Jun 2026 - LONDON BROKER RATINGS: Jefferies raises CMC; RBC cuts discoverIE
5 Jun 2026 - FTSE indexes kick off June on downbeat note, EasyJet jumps on takeover bid
1 Jun 2026 - LONDON MARKET CLOSE: Stocks slide, oil spikes, as peace talks falter
1 Jun 2026 - WINNERS & LOSERS: Bluefield Solar, easyJet rally on takeover moves
1 Jun 2026
Related News
LONDON BROKER RATINGS: Deutsche ups RS to buy; Exane neutral on Segro
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:
FCA to take no action as it closes Drax probe
(Sharecast News) - Drax said on Thursday that the Financial Conduct Authority had closed its investigation into the company with no action to be taken...
UK financial watchdog closes Drax investigation, takes no action
(Alliance News) - Drax Group PLC on Thursday said the UK Financial & Conduct Authority has closed their investigation into the company.
Drax News
LONDON BROKER RATINGS: Deutsche ups RS to buy; Exane neutral on Segro
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:
FCA to take no action as it closes Drax probe
(Sharecast News) - Drax said on Thursday that the Financial Conduct Authority had closed its investigation into the company with no action to be taken...
UK financial watchdog closes Drax investigation, takes no action
(Alliance News) - Drax Group PLC on Thursday said the UK Financial & Conduct Authority has closed their investigation into the company.
IN BRIEF: Hilton Food taps ex-Barratt and British Gas head as chair
Hilton Food Group PLC - Huntingdon, England-based food packaging company - Hires Mark Clare to be independent non-executive chair from July 1, allowin...
LONDON BROKER RATINGS: Jefferies raises CMC; RBC cuts discoverIE
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:
FTSE indexes kick off June on downbeat note, EasyJet jumps on takeover bid
* EasyJet climbs as Castlelake considers takeover bid
LONDON MARKET CLOSE: Stocks slide, oil spikes, as peace talks falter
(Alliance News) - The FTSE 100 closed lower on Monday amid reports Iran has suspended peace talks with the US.
WINNERS & LOSERS: Bluefield Solar, easyJet rally on takeover moves
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Monday.
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