Gibraltar Revises FY24 Outlook As Solar Industry Headwinds Continue To Impact Renewables Business; Residential Market Slowdown Continues In H2
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries has revised its FY24 outlook due to ongoing challenges in the solar industry and a slowdown in the residential market. These headwinds are impacting its renewables business.
October 11, 2024 | 11:31 am
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Gibraltar Industries has adjusted its FY24 outlook due to persistent challenges in the solar industry and a continued slowdown in the residential market, affecting its renewables segment.
The revision of the FY24 outlook by Gibraltar Industries is directly linked to ongoing challenges in the solar industry and a slowdown in the residential market, which are significant parts of its business. This is likely to negatively impact investor sentiment and the stock price in the short term.
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