Drax's Growth Opportunities Remain Underappreciated by Investors, JP Morgan Says -- Market Talk

Dow Jones

Feb 27, 2025

0940 GMT - Drax reported a good set of full-year results with adjusted earnings before interest, taxes, depreciation and amortization beating consensus expectations by 2%, JP Morgan analysts Pavan Mahbubani and Mukund Verma write. Investors will want more guidance from the power-generation company on its capital-expenditure plans given the increased uncertainty around large-scale bioenergy with carbon capture and storage (BECCS) projects in the U.K. and U.S., they write. The market underappreciates Drax's biomass assets, its flexible generation capabilities and its pellet production, the analysts write. The market currently gives no value to Drax's growth options via U.K. BECCS projects or pumped hydro expansion, they add. Shares trade flat at 641.50 pence.(adam.whittaker@wsj.com)

(END) Dow Jones Newswires

February 27, 2025 04:43 ET (09:43 GMT)

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Investors will want more guidance from the power-generation company on its capital-expenditure plans given the increased uncertainty around large-scale bioenergy with carbon capture and storage (BECCS) projects in the U.K. and U.S., they write. The market underappreciates Drax's biomass assets, its flexible generation capabilities and its pellet production, the analysts write. The market currently gives no value to Drax's growth options via U.K. BECCS projects or pumped hydro expansion, they add. Shares trade flat at 641.50 pence.(adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 04:43 ET (09:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Drax's Growth Opportunities Remain Underappreciated by Investors, JP Morgan Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDrax's Growth Opportunities Remain Underappreciated by Investors, JP Morgan Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-27 17:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0940 GMT - Drax reported a good set of full-year results with adjusted earnings before interest, taxes, depreciation and amortization beating consensus expectations by 2%, JP Morgan analysts Pavan Mahbubani and Mukund Verma write. Investors will want more guidance from the power-generation company on its capital-expenditure plans given the increased uncertainty around large-scale bioenergy with carbon capture and storage (BECCS) projects in the U.K. and U.S., they write. The market underappreciates Drax's biomass assets, its flexible generation capabilities and its pellet production, the analysts write. The market currently gives no value to Drax's growth options via U.K. BECCS projects or pumped hydro expansion, they add. Shares trade flat at 641.50 pence.(adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 04:43 ET (09:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4105","symbol_name":"独立电力生产商与能源贸易商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514875025","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514875025","pubTimestamp":1740649380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0940 GMT - Drax reported a good set of full-year results with adjusted earnings before interest, taxes, depreciation and amortization beating consensus expectations by 2%, JP Morgan analysts Pavan Mahbubani and Mukund Verma write. Investors will want more guidance from the power-generation company on its capital-expenditure plans given the increased uncertainty around large-scale bioenergy with carbon capture and storage  projects in the U.K. and U.S., they write. The market underappreciates Drax's biomass assets, its flexible generation capabilities and its pellet production, the analysts write. The market currently gives no value to Drax's growth options via U.K. BECCS projects or pumped hydro expansion, they add. Shares trade flat at 641.50 pence.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4105":"独立电力生产商与能源贸易商","DRXGY":"Drax Group Plc","BK4211":"区域性银行","ISBC":"投资者银行","BK4133":"新能源发电业者"},"translate_title":"摩根大通表示，投资者仍然低估了德拉克斯的增长机会——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DRXGY":0.9,"ISBC":1},"content_text":"0940 GMT - Drax reported a good set of full-year results with adjusted earnings before interest, taxes, depreciation and amortization beating consensus expectations by 2%, JP Morgan analysts Pavan Mahbubani and Mukund Verma write. Investors will want more guidance from the power-generation company on its capital-expenditure plans given the increased uncertainty around large-scale bioenergy with carbon capture and storage (BECCS) projects in the U.K. and U.S., they write. The market underappreciates Drax's biomass assets, its flexible generation capabilities and its pellet production, the analysts write. The market currently gives no value to Drax's growth options via U.K. BECCS projects or pumped hydro expansion, they add. Shares trade flat at 641.50 pence.(adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 27, 2025 04:43 ET (09:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}