Research on Drax Group plc (DRX:LON) from Longspur Clean Energy
The FCA will take no action against Drax following an investigation on the reporting of biomass sourcing. We see this as unsurprising given the reality of biomass sourcing and the process of combustion. Done correctly as Drax does, biomass in our view, represents a low carbon form of power generation.
View Full ResearchThe 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.
