Gibraltar Industries (ROCK) Streamlines Portfolio, Preparing to Sell Renewable Divisions

Core Insights - Gibraltar Industries, Inc. (NASDAQ:ROCK) is shifting its strategic focus from renewables to building materials, which currently constitute 70% of its inventory [1][2] - The company aims to expand its presence in the $6 billion metal roofing sector by selling directly to contractors [2] - The sale of its renewables division is progressing, with the number of potential buyers reduced from 19 in 2019 to 6, with plans to sell five of them [3] Company Focus - The company is now prioritizing building products over its renewables division, indicating a significant strategic pivot [1][2] - Building materials are expected to drive growth, particularly in the metal roofing market [2] Renewables Division - The renewables division is in the process of being sold, with a narrowed focus on fewer potential buyers [3] - The company has streamlined its sale process, aiming to divest five out of six remaining companies in the renewables sector [3]