Shares of PPG Industries, Inc. (NYSE:PPG) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -0.11% to close at $99.30. PPG Industries Inc. (PPG) reported that its board has authorized restructuring actions to reduce global cost structure. The company will record a pretax restructuring charge of $190 million to $200 million, or 53-58 cents per share, in the fourth quarter 2016, of which approximately $140 million represents cash costs and $50 million to $60 million is related to the write-down of certain assets and other non-cash costs.
Around $15M of incremental restructuring-related cash costs are expected during 2017.”Because of continued slow overall growth in global demand, we are taking decisive action to adjust our cost structure,” said Michael McGarry, PPG chairman and CEO.PPG expects the restructuring actions to generate $120 million to $130 million in annual savings, with $40 million to $50 million of savings projected to be realized in 2017 and the remainder of the expected annual savings to be substantially realized by year-end 2018. Moving forward to saw long-term intention, the experts calculate Return on Investment of 15.80%. The stock is going forward its fifty-two week low with 14.14% and lagging behind from its 52-week high price with -14.12%. PPG last month stock price volatility remained 1.48%.
PG&E Corporation (NYSE:PCG) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 0.24% to 59.33 with around 3.85 Million shares have changed hands in this session. Pacific Gas and Electric Company (PG&E) revealed that firm will soon reach a milestone of 2,409 megawatts of installed private rooftop solar capacity on the energy grid, representing more than 275,000 solar consumers in Northern and Central California. PG&E expects to reach this state-mandated limit for its current rooftop solar program this month.
With this milestone, new solar consumers that PG&E connects to the energy grid will be on the next version of the net energy metering (NEM) program – called NEM 2. NEM is the program for private rooftop solar consumers who generate their own solar energy and use PG&E energy at night or when the sun’s not shining. The stock is going forward its fifty-two week low with 19.91% and lagging behind from its 52-week high price with -8.61%.
Similar, the positive performance for the quarter recorded as -2.85% and for the year was 18.59%, while the YTD performance remained at 14.19%. PCG has Average True Range for 14 days of 1.05.