Is Drax still operating?
Yes, Drax is very much an active and operational company. It manages one of the largest power stations in the United Kingdom, which contributes significantly to the national energy supply. Beyond power generation, it is actively involved in pellet production for its biomass operations. Although the company occasionally closes specific smaller plants—such as the Williams Lake pellet facility—its core business operations, power station maintenance, and energy generation activities remain central to its business model.
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Determining whether Drax Group plc (DRX) is a buy or sell involves assessing its current market performance and financial outlook.
Drax remains an attractive option for certain income-focused investors due to its diverse business model, which generates cash flow from both biomass power generation and pellet production.
Whether Drax is a "good" stock to buy depends on whether you are seeking long-term income or growth.
No, Drax is not shutting down its entire operation, but it is managing specific facilities strategically. For example, while the company announced that its pellet plant in Williams Lake, B.C.
No, Drax is no longer burning coal for electricity generation. The company retired its coal-fired units in 2021. Since that transition, the Drax Power Station has moved to a business model focused entirely on biomass energy production.
As of mid-July 2026, Drax Group plc (DRX) receives a "Hold" rating based on proprietary AI-driven market analysis.
Whether Drax is a "good" stock to buy is subjective and depends on an investor's tolerance for regulatory and sector-specific risks. As of July 2026, the company is evaluated as a "Hold" by quantitative market models.