NYSE:TREXBuilding
Trex Refuge Fire Resistant Decking Launch Meets Depressed Valuation Expectations
Trex Company (NYSE:TREX) has launched Trex Refuge, a fire-resistant decking line designed for high fire-risk regions.
The product is engineered to meet Class A Flame Spread and ignition resistance standards for Wildland-Urban Interface zones.
Trex Refuge comes with a 50-year residential warranty and targets homeowners and builders in fire-prone communities.
Trex is rolling out Trex Refuge at a time when its shares trade at $38.16 and its 1 year return stands at a 30.6% decline. Over 5...