PGT Innovations up after co's factories emerge unscathed from Hurricane Ian

PGT Innovations

30/09/2022 18:54

** Shares of building materials manufacturer PGT Innovations
Inc  PGTI.N  rose ~5% to $21.43 - its highest in over two weeks
    ** Co reports not having taken any damages in Florida plants
or inventories from storms
    ** Co facilities in Venice and Fort Myers to run in limited
capacity today, and on full swing from Monday
    ** Apart from Tampa facilities, which will begin operations
on Monday, Hialeah and Medley facilities had uninterrupted
production
    ** Jefferies, on Thursday, rated stock 'buy'
    ** Stocks of retail and natgas companies slumped on Thursday
after hurricane battered Florida's Gulf Coast  urn:newsml:reuters.com:*:nL4N3102P8
 urn:newsml:reuters.com:*:nL4N3103R6
    ** Co stock fell ~5% YTD, including session's move
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))