Drax stock gains as EBITDA outlook moves to the top of consensus

Drax Group plc (GB00B1VNSX38) stock closed at GBX 819.50 on September 16, 2026, after a 2.2 percent rise. On September 17, 2026, the company said it now expects 2026 adjusted EBITDA to land around the top of consensus, which it put at GBP 680 million to GBP 711 million.

Consensus moves up

According to Drax, the upgraded view was supported by strong performance in July and August and the addition of Bluefield Solar Income Fund from August 1, 2026. The same update said the 2026 capital expenditure plan remains GBP 210 million to GBP 250 million.

That consensus frame is concrete: Drax cited analyst estimates as of September 4, 2026 at GBP 698 million, inside a range of GBP 680 million to GBP 711 million. The company also said full-year expectations remain subject to continued good operational performance.

Broker view follows

According to Investing.com, JPMorgan reiterated an Overweight rating and a GBP 9.60 price target on Drax Group on September 17, 2026. The same report said the firm lifted its EPS estimate by 3 percent after the trading update.

The stock also traded at 834.00p in London opening trade on September 17, 2026, according to Sharecast. In MarketScreener's London close snapshot, the shares ended September 16, 2026 at 819.50p, with the stock still 2.09 percent lower over the year shown in that table.

Stock near the top

The move leaves Drax stock between a 52-week range of 636.86p and 918.75p in the opening-trade snapshot cited by AskTraders. For investors, the key numbers are now GBP 819.50, GBP 698 million and GBP 9.60, all tied to September 16 or September 17, 2026.

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