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Drax Group PLC DRXGF

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Morningstar’s Analysis

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1-Star Price

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5-Star Price

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Economic Moat

PREMIUM

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Company Profile

Business Description

Drax Group PLC is an electric utility company that produces energy for large customers and businesses in the United Kingdom. Drax generates thermal energy through the use of coal and biomass fuel sources. The majority of the power that the company produces comes from coal fuel sources. The rest comes from the burning of compressed wood pellets, or biomass, sourced from forests in the American South. Drax primarily brings in revenue through the sale of power. The sale of United Kingdom renewable certificates also represents a significant revenue stream. The company is one of the U.K. 's largest producers of renewable power and controls Europe's single largest decarburization project by way of its biomass facilities.

Contact
Drax Power Station
Selby, North Yorkshire, YO8 8PH, United Kingdom
T +44 1757618381
Sector Utilities
Industry Utilities - Renewable
Most Recent Earnings
Fiscal Year End Dec 31, 2020
Stock Type
Employees 2,947