UBS Retains Drax Sell Rating Amid Bluefield Acquisition

By EC Assets · Published 25 August 2026

UBS maintains a sell rating on Drax Group despite recent deal-making. The investment bank lifted its earnings forecasts for the power generator. This decision follows Drax's acquisition spree, which has altered the company's business profile. Drax Group agreed to acquire Bluefield Solar Income Fund in a cash deal. This transaction values Bluefield Solar Income Fund at approximately £548 million, report, and about £561 million, . Another report stated the deal's value at about $755 million. The deal expands Drax's UK renewables footprint. It includes roughly 900 MW of solar and wind assets. It also adds a 2.9 GW development pipeline. The acquisition means Drax, known for operating one of Britain's largest power stations, aims to broaden its business beyond traditional electricity generation. Directors of Bluefield Solar Income Fund agreed to the takeover. Drax has also paused its share buyback program. This pause is linked to the approximately £561 million Bluefield Solar deal. The acquisition is intended to boost UK renewables. UBS analysts argue that Drax's £1.6 billion acquisition spree changes the shape of the business. This article is intended for informational purposes only. It does not constitute investment advice.