. .
CMS Energy Corp.
CMS,
-3. 37%
CEO Patricia Pope said she will be leaving the company from December. 1, after four years in the position, to assume the CEO role of PG&E Corp..
PCG,
1. 56%,
Effective jan. 4. CMS said Garrick Rochow, currently executive vice president of operations at the Michigan-based Electric and Natural Gas Facility, will succeed Poppe. At PG&E, Poppe will take over the interim CEO William Smith, who will remain on the PG&E Board of Directors. CMS and PG&E shares remained inactive in pre-market trading. Year-to-date, PG&E 7 has gained. 8% and CMS shares commented on 1. 6%, while S&P 500
SPX,
-0. 47%
Progress 11. 7%.
Nio Inc stocks. Unspecified spiked 2. 3% in pre-market trading, ahead of China’s electric vehicle manufacturer’s third-quarter earnings report after the closing bell, as Tesla Inc spike. Analysts ’optimistic and unspecified note of stocks helped fuel investor optimism. Nio is expected to report a loss per share, which has shrunk to RMB1. 18 by RMB2. 48 a year ago, according to FactSet, revenue more than doubled to RMB4. 37 billion from RMB1. 84 billion. Tesla stock jumped 13. 3% ahead of the opening, after the Dow Jones Indexes S&P late Monday that it will add the stock to the S&P 500 Unspecified next month. And Wedbush Dan Ives analyst, the electric car market is still in « very early rounds » of play, with the stage now set for « a major step in the growth of electric cars, with Europe and China front and center as key growth areas. ». Among other electric vehicle manufacturers in China, Li Auto Inc shares. Indefinite pool 3. 4% Premarket and XPeng Inc. Unspecified rise 3. 5%.
Tommy Kilgore is deputy investment editor and company news at New York-based MarketWatch. You can follow him on Twitter @TomiKilgore.
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Patricia K.. Poppe, CEO of CMS Energy, Pacific Gas and Electric Company, NYSE: CMS, Consumers Energy, NYSE: PCG
World News – US – CEO of CMS Energy Poppe to step down, to become CEO at PG&E
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Ref: https://www.marketwatch.com