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home / news releases / NGG - Drax Group Is Very Undervalued


NGG - Drax Group Is Very Undervalued

Investment Thesis

I am at a "strong-buy" on Drax Group (DRXGF) (DRXGY) due to their market positioning in a growing defensive industry whilst trading at a forward P/E of 10.8x and a P/B of 0.61.

Company Summary

Firstly, I would like to recommend this article by Sunset Analysis as it is what encouraged me to research Drax Group.

Drax Group operates as one of the UK's largest generators of renewable energy. It has an extensive portfolio of renewable generation assets, particularly in biomass and hydro. In 1974, the Drax Power Plant

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Stock Information

Company Name: National Grid Transco PLC PLC American Depositary Shares
Stock Symbol: NGG
Market: NYSE
Website: nationalgrid.com

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