0856 GMT - The market underappreciates the cash flow potential of renewable power generator Drax, J.P. Morgan analysts Pavan Mahbubani and Mukund Verma write. Drax hiked its outlook for 2026 thanks to its 561 million pound acquisition of Bluefield Solar Income Fund which completed on July 31. Drax anticipates its new solar and wind assets to cut costs and improve pricing. The move could offer improved earnings from a more diversified energy portfolio, the analysts say. "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 pair write. JPM has an overweight rating on the stock and 960 pence price target. Shares are 0.85% higher at 826.50 pence.