http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Thu, 17 Sep 2026 03:01:52 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Intl+Ratings/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071838.html <p>JPMorgan analyst Pavan Mahbubani reiterated an Overweight rating and GBP9.60 price target on Drax Group Plc. (DRX:LN) (OTC: DRXGY).</p><p>The analyst comments: “This trading update should be taken well given the guidance for EBITDA around the top end of company provided consensus adj. EBITDA. We increase our EPS by 3% off the back of this, which we see as being driven by strong operational performance of power generation against a high, volatile power price backdrop. The company continues to develop options for Drax Power Station, including a data centre. Drax expects to host a Capital Markets Day on 23 November 2026 http://www.streetinsider.com/Intl+Ratings/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071838.html Thu, 17 Sep 2026 03:01:52 -0400 DRXGY http://www.streetinsider.com/Analyst+Comments/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071838.html <p>JPMorgan analyst Pavan Mahbubani reiterated an Overweight rating and GBP9.60 price target on Drax Group Plc. (DRX:LN) (OTC: DRXGY).</p><p>The analyst comments: “This trading update should be taken well given the guidance for EBITDA around the top end of company provided consensus adj. EBITDA. We increase our EPS by 3% off the back of this, which we see as being driven by strong operational performance of power generation against a high, volatile power price backdrop. The company continues to develop options for Drax Power Station, including a data centre. Drax expects to host a Capital Markets Day on 23 November 2026 http://www.streetinsider.com/Analyst+Comments/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071838.html Thu, 17 Sep 2026 03:01:52 -0400 DRXGY http://www.streetinsider.com/Intl+Ratings/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071838.html <p>JPMorgan analyst Pavan Mahbubani reiterated an Overweight rating and GBP9.60 price target on Drax Group Plc. (DRX:LN) (OTC: DRXGY).</p><p>The analyst comments: “This trading update should be taken well given the guidance for EBITDA around the top end of company provided consensus adj. EBITDA. We increase our EPS by 3% off the back of this, which we see as being driven by strong operational performance of power generation against a high, volatile power price backdrop. The company continues to develop options for Drax Power Station, including a data centre. Drax expects to host a Capital Markets Day on 23 November 2026 http://www.streetinsider.com/Intl+Ratings/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071838.html Thu, 17 Sep 2026 03:01:52 -0400 DRXGY http://www.streetinsider.com/Analyst+Comments/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071838.html <p>JPMorgan analyst Pavan Mahbubani reiterated an Overweight rating and GBP9.60 price target on Drax Group Plc. (DRX:LN) (OTC: DRXGY).</p><p>The analyst comments: “This trading update should be taken well given the guidance for EBITDA around the top end of company provided consensus adj. EBITDA. We increase our EPS by 3% off the back of this, which we see as being driven by strong operational performance of power generation against a high, volatile power price backdrop. The company continues to develop options for Drax Power Station, including a data centre. Drax expects to host a Capital Markets Day on 23 November 2026 http://www.streetinsider.com/Analyst+Comments/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071838.html Thu, 17 Sep 2026 03:01:52 -0400 DRXGY http://www.streetinsider.com/Intl+Ratings/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071837.html <p>JPMorgan analyst Pavan Mahbubani reiterated an Overweight rating and GBP9.60 price target on Drax Group Plc. (DRX:LN) (OTC: DRXGY).</p><p>The analyst comments: “This trading update should be taken well given the guidance for EBITDA around the top end of company provided consensus adj. EBITDA. We increase our EPS by 3% off the back of this, which we see as being driven by strong operational performance of power generation against a high, volatile power price backdrop. The company continues to develop options for Drax Power Station, including a data centre. Drax expects to host a Capital Markets Day on 23 November 2026 http://www.streetinsider.com/Intl+Ratings/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071837.html Thu, 17 Sep 2026 03:01:52 -0400 DRXGY http://www.streetinsider.com/Analyst+Comments/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071837.html <p>JPMorgan analyst Pavan Mahbubani reiterated an Overweight rating and GBP9.60 price target on Drax Group Plc. (DRX:LN) (OTC: DRXGY).</p><p>The analyst comments: “This trading update should be taken well given the guidance for EBITDA around the top end of company provided consensus adj. EBITDA. We increase our EPS by 3% off the back of this, which we see as being driven by strong operational performance of power generation against a high, volatile power price backdrop. The company continues to develop options for Drax Power Station, including a data centre. Drax expects to host a Capital Markets Day on 23 November 2026 http://www.streetinsider.com/Analyst+Comments/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071837.html Thu, 17 Sep 2026 03:01:52 -0400 DRXGY http://www.streetinsider.com/Intl+Ratings/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071837.html <p>JPMorgan analyst Pavan Mahbubani reiterated an Overweight rating and GBP9.60 price target on Drax Group Plc. (DRX:LN) (OTC: DRXGY).</p><p>The analyst comments: “This trading update should be taken well given the guidance for EBITDA around the top end of company provided consensus adj. EBITDA. We increase our EPS by 3% off the back of this, which we see as being driven by strong operational performance of power generation against a high, volatile power price backdrop. The company continues to develop options for Drax Power Station, including a data centre. Drax expects to host a Capital Markets Day on 23 November 2026 http://www.streetinsider.com/Intl+Ratings/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071837.html Thu, 17 Sep 2026 03:01:52 -0400 DRXGY http://www.streetinsider.com/Analyst+Comments/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071837.html <p>JPMorgan analyst Pavan Mahbubani reiterated an Overweight rating and GBP9.60 price target on Drax Group Plc. (DRX:LN) (OTC: DRXGY).</p><p>The analyst comments: “This trading update should be taken well given the guidance for EBITDA around the top end of company provided consensus adj. EBITDA. We increase our EPS by 3% off the back of this, which we see as being driven by strong operational performance of power generation against a high, volatile power price backdrop. The company continues to develop options for Drax Power Station, including a data centre. Drax expects to host a Capital Markets Day on 23 November 2026 http://www.streetinsider.com/Analyst+Comments/JPMorgan+Reiterates+Overweight+Rating+on+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29/27071837.html Thu, 17 Sep 2026 03:01:52 -0400 DRXGY http://www.streetinsider.com/Intl+Ratings/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html <p>Goldman Sachs analyst Ajay Patel upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Neutral to Buy with a price target of GBP10.20 (from GBP9.24).</p><p>The analyst comments: “At the group level, the medium-term earnings picture is heavily supported by subsidies, providing a contracted premium to power prices and high visibility on cash flows with limited merchant power price risk. This drives an attractive cash generation story where we forecast c.£3.5bn of cumulative FCF in 2025-31E, equivalent to 1.4x current market cap, with one-third returned to shareholders (50% of market cap) and two-thirds invested. We assume a Q3 2027 re-start of Drax’s http://www.streetinsider.com/Intl+Ratings/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html Tue, 01 Sep 2026 03:00:06 -0400 DRXGY http://www.streetinsider.com/Upgrades/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html <p>Goldman Sachs analyst Ajay Patel upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Neutral to Buy with a price target of GBP10.20 (from GBP9.24).</p><p>The analyst comments: “At the group level, the medium-term earnings picture is heavily supported by subsidies, providing a contracted premium to power prices and high visibility on cash flows with limited merchant power price risk. This drives an attractive cash generation story where we forecast c.£3.5bn of cumulative FCF in 2025-31E, equivalent to 1.4x current market cap, with one-third returned to shareholders (50% of market cap) and two-thirds invested. We assume a Q3 2027 re-start of Drax’s http://www.streetinsider.com/Upgrades/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html Tue, 01 Sep 2026 03:00:06 -0400 DRXGY http://www.streetinsider.com/Analyst+Comments/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html <p>Goldman Sachs analyst Ajay Patel upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Neutral to Buy with a price target of GBP10.20 (from GBP9.24).</p><p>The analyst comments: “At the group level, the medium-term earnings picture is heavily supported by subsidies, providing a contracted premium to power prices and high visibility on cash flows with limited merchant power price risk. This drives an attractive cash generation story where we forecast c.£3.5bn of cumulative FCF in 2025-31E, equivalent to 1.4x current market cap, with one-third returned to shareholders (50% of market cap) and two-thirds invested. We assume a Q3 2027 re-start of Drax’s http://www.streetinsider.com/Analyst+Comments/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html Tue, 01 Sep 2026 03:00:06 -0400 DRXGY http://www.streetinsider.com/Intl+Ratings/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html <p>Goldman Sachs analyst Ajay Patel upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Neutral to Buy with a price target of GBP10.20 (from GBP9.24).</p><p>The analyst comments: “At the group level, the medium-term earnings picture is heavily supported by subsidies, providing a contracted premium to power prices and high visibility on cash flows with limited merchant power price risk. This drives an attractive cash generation story where we forecast c.£3.5bn of cumulative FCF in 2025-31E, equivalent to 1.4x current market cap, with one-third returned to shareholders (50% of market cap) and two-thirds invested. We assume a Q3 2027 re-start of Drax’s http://www.streetinsider.com/Intl+Ratings/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html Tue, 01 Sep 2026 03:00:06 -0400 DRXGY http://www.streetinsider.com/Upgrades/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html <p>Goldman Sachs analyst Ajay Patel upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Neutral to Buy with a price target of GBP10.20 (from GBP9.24).</p><p>The analyst comments: “At the group level, the medium-term earnings picture is heavily supported by subsidies, providing a contracted premium to power prices and high visibility on cash flows with limited merchant power price risk. This drives an attractive cash generation story where we forecast c.£3.5bn of cumulative FCF in 2025-31E, equivalent to 1.4x current market cap, with one-third returned to shareholders (50% of market cap) and two-thirds invested. We assume a Q3 2027 re-start of Drax’s http://www.streetinsider.com/Upgrades/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html Tue, 01 Sep 2026 03:00:06 -0400 DRXGY http://www.streetinsider.com/Analyst+Comments/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html <p>Goldman Sachs analyst Ajay Patel upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Neutral to Buy with a price target of GBP10.20 (from GBP9.24).</p><p>The analyst comments: “At the group level, the medium-term earnings picture is heavily supported by subsidies, providing a contracted premium to power prices and high visibility on cash flows with limited merchant power price risk. This drives an attractive cash generation story where we forecast c.£3.5bn of cumulative FCF in 2025-31E, equivalent to 1.4x current market cap, with one-third returned to shareholders (50% of market cap) and two-thirds invested. We assume a Q3 2027 re-start of Drax’s http://www.streetinsider.com/Analyst+Comments/Goldman+Sachs+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Buy/27007524.html Tue, 01 Sep 2026 03:00:06 -0400 DRXGY http://www.streetinsider.com/Intl+Ratings/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html <p>UBS analyst Mark Freshney upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Sell to Neutral with a price target of GBP7.45.</p><p>The analyst comments: “We increase our 2026E EPS estimate by 9% on earlier completion of the Bluefield solar deal but we reduce our 2027E EPS by 12% reflecting higher biomass costs. We now do not expect the remaining £325m of the 2025-28 share buyback to start until early 2027, and when the acquisition bridge loan has been refinanced. With the shares pricing-in much of the near-term disappointment, we no longer see sufficient downside to maintain a Sell rating.</p><p>Drax offers a http://www.streetinsider.com/Intl+Ratings/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html Tue, 25 Aug 2026 02:24:19 -0400 DRXGY http://www.streetinsider.com/Upgrades/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html <p>UBS analyst Mark Freshney upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Sell to Neutral with a price target of GBP7.45.</p><p>The analyst comments: “We increase our 2026E EPS estimate by 9% on earlier completion of the Bluefield solar deal but we reduce our 2027E EPS by 12% reflecting higher biomass costs. We now do not expect the remaining £325m of the 2025-28 share buyback to start until early 2027, and when the acquisition bridge loan has been refinanced. With the shares pricing-in much of the near-term disappointment, we no longer see sufficient downside to maintain a Sell rating.</p><p>Drax offers a http://www.streetinsider.com/Upgrades/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html Tue, 25 Aug 2026 02:24:19 -0400 DRXGY http://www.streetinsider.com/Analyst+Comments/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html <p>UBS analyst Mark Freshney upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Sell to Neutral with a price target of GBP7.45.</p><p>The analyst comments: “We increase our 2026E EPS estimate by 9% on earlier completion of the Bluefield solar deal but we reduce our 2027E EPS by 12% reflecting higher biomass costs. We now do not expect the remaining £325m of the 2025-28 share buyback to start until early 2027, and when the acquisition bridge loan has been refinanced. With the shares pricing-in much of the near-term disappointment, we no longer see sufficient downside to maintain a Sell rating.</p><p>Drax offers a http://www.streetinsider.com/Analyst+Comments/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html Tue, 25 Aug 2026 02:24:19 -0400 DRXGY http://www.streetinsider.com/Intl+Ratings/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html <p>UBS analyst Mark Freshney upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Sell to Neutral with a price target of GBP7.45.</p><p>The analyst comments: “We increase our 2026E EPS estimate by 9% on earlier completion of the Bluefield solar deal but we reduce our 2027E EPS by 12% reflecting higher biomass costs. We now do not expect the remaining £325m of the 2025-28 share buyback to start until early 2027, and when the acquisition bridge loan has been refinanced. With the shares pricing-in much of the near-term disappointment, we no longer see sufficient downside to maintain a Sell rating.</p><p>Drax offers a http://www.streetinsider.com/Intl+Ratings/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html Tue, 25 Aug 2026 02:24:19 -0400 DRXGY http://www.streetinsider.com/Upgrades/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html <p>UBS analyst Mark Freshney upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Sell to Neutral with a price target of GBP7.45.</p><p>The analyst comments: “We increase our 2026E EPS estimate by 9% on earlier completion of the Bluefield solar deal but we reduce our 2027E EPS by 12% reflecting higher biomass costs. We now do not expect the remaining £325m of the 2025-28 share buyback to start until early 2027, and when the acquisition bridge loan has been refinanced. With the shares pricing-in much of the near-term disappointment, we no longer see sufficient downside to maintain a Sell rating.</p><p>Drax offers a http://www.streetinsider.com/Upgrades/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html Tue, 25 Aug 2026 02:24:19 -0400 DRXGY http://www.streetinsider.com/Analyst+Comments/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html <p>UBS analyst Mark Freshney upgraded Drax Group Plc. (DRX:LN) (OTC: DRXGY) from Sell to Neutral with a price target of GBP7.45.</p><p>The analyst comments: “We increase our 2026E EPS estimate by 9% on earlier completion of the Bluefield solar deal but we reduce our 2027E EPS by 12% reflecting higher biomass costs. We now do not expect the remaining £325m of the 2025-28 share buyback to start until early 2027, and when the acquisition bridge loan has been refinanced. With the shares pricing-in much of the near-term disappointment, we no longer see sufficient downside to maintain a Sell rating.</p><p>Drax offers a http://www.streetinsider.com/Analyst+Comments/UBS+Upgrades+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+to+Neutral/26969799.html Tue, 25 Aug 2026 02:24:19 -0400 DRXGY http://www.streetinsider.com/Intl+Ratings/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html <p>JPMorgan analyst Pavan Mahbubani resumes coverage on Drax Group Plc. (DRX:LN) (OTC: DRXGY) with a Overweight rating and a price target of GBP9.60.</p><p>The analyst comments: “We resume full coverage on Drax with an OW rating following a period of restriction, with our 960p Dec-27 PT implying 33% upside potential. The company has been utilising its balance sheet capacity to invest in new assets and businesses - we estimate that ~80% of group EBITDA between 2022 and 2025 came from a combination of Drax Power Station and Pellet Production, which reduces to ~40% over the period 2026-2031 as contributions increase from http://www.streetinsider.com/Intl+Ratings/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html Fri, 21 Aug 2026 03:03:33 -0400 DRXGY http://www.streetinsider.com/New+Coverage/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html <p>JPMorgan analyst Pavan Mahbubani resumes coverage on Drax Group Plc. (DRX:LN) (OTC: DRXGY) with a Overweight rating and a price target of GBP9.60.</p><p>The analyst comments: “We resume full coverage on Drax with an OW rating following a period of restriction, with our 960p Dec-27 PT implying 33% upside potential. The company has been utilising its balance sheet capacity to invest in new assets and businesses - we estimate that ~80% of group EBITDA between 2022 and 2025 came from a combination of Drax Power Station and Pellet Production, which reduces to ~40% over the period 2026-2031 as contributions increase from http://www.streetinsider.com/New+Coverage/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html Fri, 21 Aug 2026 03:03:33 -0400 DRXGY http://www.streetinsider.com/Analyst+Comments/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html <p>JPMorgan analyst Pavan Mahbubani resumes coverage on Drax Group Plc. (DRX:LN) (OTC: DRXGY) with a Overweight rating and a price target of GBP9.60.</p><p>The analyst comments: “We resume full coverage on Drax with an OW rating following a period of restriction, with our 960p Dec-27 PT implying 33% upside potential. The company has been utilising its balance sheet capacity to invest in new assets and businesses - we estimate that ~80% of group EBITDA between 2022 and 2025 came from a combination of Drax Power Station and Pellet Production, which reduces to ~40% over the period 2026-2031 as contributions increase from http://www.streetinsider.com/Analyst+Comments/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html Fri, 21 Aug 2026 03:03:33 -0400 DRXGY http://www.streetinsider.com/Intl+Ratings/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html <p>JPMorgan analyst Pavan Mahbubani resumes coverage on Drax Group Plc. (DRX:LN) (OTC: DRXGY) with a Overweight rating and a price target of GBP9.60.</p><p>The analyst comments: “We resume full coverage on Drax with an OW rating following a period of restriction, with our 960p Dec-27 PT implying 33% upside potential. The company has been utilising its balance sheet capacity to invest in new assets and businesses - we estimate that ~80% of group EBITDA between 2022 and 2025 came from a combination of Drax Power Station and Pellet Production, which reduces to ~40% over the period 2026-2031 as contributions increase from http://www.streetinsider.com/Intl+Ratings/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html Fri, 21 Aug 2026 03:03:33 -0400 DRXGY http://www.streetinsider.com/New+Coverage/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html <p>JPMorgan analyst Pavan Mahbubani resumes coverage on Drax Group Plc. (DRX:LN) (OTC: DRXGY) with a Overweight rating and a price target of GBP9.60.</p><p>The analyst comments: “We resume full coverage on Drax with an OW rating following a period of restriction, with our 960p Dec-27 PT implying 33% upside potential. The company has been utilising its balance sheet capacity to invest in new assets and businesses - we estimate that ~80% of group EBITDA between 2022 and 2025 came from a combination of Drax Power Station and Pellet Production, which reduces to ~40% over the period 2026-2031 as contributions increase from http://www.streetinsider.com/New+Coverage/JPMorgan+Resumes+Drax+Group+Plc.+%28DRX%3ALN%29+%28DRXGY%29+at+Overweight/26957753.html Fri, 21 Aug 2026 03:03:33 -0400 DRXGY