Research on Drax Group plc (DRX:LON) from Longspur Clean Energy
Consistent with expectations for the running of the biomass units under the cap and collar contract for difference support from 2027 to 2031, Drax is planning changes to its organisational structure that could see staff reductions. We had already assumed operating cost changes with the new biomass price support and as a result will not be changing our forecasts on this news.
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
