{
  "id": 7979277,
  "title": "JPMorgan reiterates Drax Group stock rating on strong EBITDA outlook",
  "url": "https://urgent.news/2026/09/17/jpmorgan-reiterates-drax-group-stock-rating-on-strong-ebitda-outlook",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T07:52:53.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/jpmorgan-reiterates-drax-group-stock-rating-on-strong-ebitda-outlook-93CH-4904950"
  },
  "original_language": "en",
  "account": "JPMorgan has reinstated an Overweight rating and set a GBP9.60 price target for Drax Group Plc, based on the company's strong earnings per share outlook. JPMorgan's analysts increased their EPS estimate by 3% following the company's trading update, which highlighted the robust performance of their power generation operations within a volatile market. Drax's revised guidance places their EBITDA at the higher end of industry consensus, positioning the stock near its 52-week low of $17.16, despite InvestingPro calculations suggesting the shares are undervalued. Notably, Drax has a history of consistently raising dividends for ten consecutive years, a factor that enhances its shareholder yield, as noted in the company’s InvestingPro Tips. Drax is also actively developing innovative options for its power station, including a data center project. The firm plans to host a Capital Markets Day on November 23, 2026, to provide further insights into its decade-long growth strategy. This positive update on Drax Group comes after a hiatus in JPMorgan's coverage, with the firm now resuming its investment interest in the company, indicating a favorable outlook. The resumption of coverage, coupled with the aggressive price target, reflects JPMorgan’s renewed confidence in Drax’s future performance, offering investors valuable information about the company's potential trajectory.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "JPMorgan downgrades Pegasystems stock rating on execution risks",
        "url": "https://urgent.news/2026/09/17/jpmorgan-downgrades-pegasystems-stock-rating-on-execution-risks",
        "published": "2026-09-17T08:34:47.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}