Drax stock gained 0.93 percent after an EBITDA outlook upgrade
Published on 10/04/2026 at 23:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Drax stock (ISIN GB00B1VNSX38) gained 0.93 percent to GBp 812 on October 2, 2026, with the session ranging from GBp 797 to GBp 813.50. The company then carried a 2026 adjusted EBITDA outlook to the top end of a GBP 680 million to GBP 711 million consensus range, according to Drax on September 17, 2026.
EBITDA guidance reaches the top end
The upgraded outlook includes Bluefield Solar Income Fund from August 1 and follows stronger operational performance in July and August. Drax's consensus reference was GBP 698 million, with the range running from GBP 680 million to GBP 711 million, so the top-end target stands GBP 13 million above the midpoint of GBP 695.5 million.
The company linked the update to system-support activity during the summer and said expectations remain conditional on continued operational performance. Its 2026 capital expenditure plan remains GBP 210 million to GBP 250 million, including the acquired portfolio, according to Drax.
Bluefield expands renewable capacity
Drax completed the Bluefield Solar Income Fund acquisition on July 31, 2026, for GBP 561 million and took on an enterprise value of GBP 1.082 billion. The transaction brought 0.9GW of operating solar and wind assets plus a 2.9GW development pipeline, lifting managed capacity to 6.1GW, according to Drax.
The expanded portfolio also changes the balance-sheet picture. Drax expects net debt to adjusted EBITDA to exceed its long-term target of 2 times during 2026 before moving back toward that level by the end of 2027.
Stock stays inside yearly range
The October 2 price of GBp 812 was 13.39 percent below the 52-week high of GBp 937.50 and 16.75 percent above the low of GBp 695.50. The stock was last at GBp 812 at 4:35 p.m. London time on the London Stock Exchange, with 794,650 shares traded.
Drax also reported more than GBP 1 billion of contracted forward power sales for 2026 through 2028 as of September 15, 2026. The company plans to hold a Capital Markets Day on November 23, 2026, with more detail on its growth plans, according to Drax.
Drax stock trades at GBp 812
Drax stock was last at GBp 812 on the London Stock Exchange on October 2, 2026, at 4:35 p.m. London time, up 0.93 percent on the session.
Drax stock facts
- Company: Drax Group plc
- ISIN: GB00B1VNSX38
- Ticker: DRX.L
- Trading venue: London Stock Exchange
- Price (as of October 2, 2026, 4:35 p.m. London time): GBp 812
- 52-week range: GBp 695.50-937.50
- Sector / Industry: Utilities / Renewable electricity generation
- Index membership: FTSE 250
Upcoming dates for Drax stock
- November 23, 2026: Capital Markets Day
