Drax stock falls 1.30 percent as EBITDA outlook firms
Published on 10/06/2026 at 14:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Drax stock (ISIN GB00B1VNSX38) was trading at GBp 798.50 on the London Stock Exchange on October 6, 2026, down 1.30 percent from the previous close. According to Drax on September 17, 2026, the group expects full-year adjusted EBITDA to reach the top of its consensus range after its summer trading update and the Bluefield Solar acquisition.
EBITDA outlook reaches the top range
The company said the 2026 adjusted EBITDA consensus stood at GBP 698 million as of September 4, 2026, with estimates ranging from GBP 680 million to GBP 711 million. Drax's outlook therefore centers on the upper end of a clearly defined analyst range rather than on a new single-point forecast.
The update also incorporated Bluefield Solar Income Fund from August 1, 2026. The acquisition added a portfolio with 0.5 gigawatts of gross capacity, including solar and onshore wind assets, according to Proactive Investors in its September 2026 market report.
Half-year profit shows the counterweight
Drax's six-month results through June 30, 2026, provide a more cautious operating reference. Revenue fell 6.3 percent to GBP 2.48 billion, while net income declined 25 percent to GBP 166.8 million, according to MarketScreener in its September 2026 company news overview.
That contrast matters for the stock: the upgraded full-year EBITDA outlook reflects operating conditions after June, while the half-year figures show the pressure created by weaker power prices. The next test is whether the second-half improvement can offset the weaker first-half earnings base.
Analysts see room above the share price
The analyst picture remains constructive. Investing.com lists nine analysts with a consensus Buy rating, comprising five Buy ratings and four Holds; the average 12-month price target is GBP 923.22, with a high of GBP 1,120 and a low of GBP 745.
Drax's market capitalization was GBP 2.7 billion on October 6, 2026, while trading volume reached 104,066 shares. The 52-week range ran from GBp 695.50 to GBp 937.50, placing the latest price closer to the yearly high than to the low.
Drax stock stays below the yearly high
Drax stock was last at GBp 798.50 on the LSE at 1:52 p.m. London time on October 6, 2026. Drax has scheduled a capital markets day for November 23, 2026, according to Investing.com.
Key facts about Drax stock
- Company: Drax Group plc
- ISIN: GB00B1VNSX38
- Ticker: DRX
- Trading venue: London Stock Exchange
- Price (as of October 6, 2026, 1:52 p.m. London time): GBp 798.50
- Market capitalization: GBP 2.7 billion (as of October 6, 2026)
- 52-week range: GBp 695.50-937.50 (as of October 6, 2026)
- Sector / Industry: Utilities / Renewable Utilities
Upcoming dates for Drax stock
- November 23, 2026: Capital markets day
