Why Did Eco-Friendly Deck Stocks Surge by $380 Billion in a Day?

Shares of Trex Company Inc. (NASDAQ: TREX) closed at $44.41, up 5.61% from the previous session, lifting its market capitalization by roughly $2.74 billion (₩380 billion) to about $4.61 billion (₩6.5 trillion). Trading volume for the day reached approximately 1.54 million shares.

Recently, the company expanded distribution of its Refuge™ decking products into the U.S. Northeast, deepening its domestic market penetration. At the same time, Trex maintained its “Sustainable Brand Leader” title in the decking category from Green Builder Media for the 16th consecutive year, in recognition of its eco-friendly management achievements.

Based in Virginia, Trex is the world’s largest manufacturer of wood-alternative composite decking and railing systems, producing environmentally conscious outdoor decking from recycled plastics and wood fibers. Over nearly 30 years, Trex has pioneered the wood-alternative decking market and is widely regarded as a key beneficiary of North America’s home remodeling and outdoor living trends.