Argan Reports Record Revenues Amid Strong Market Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 27 2026
0mins
Should l Buy AGX?
Source: seekingalpha
Argan Inc. shares rose 5.72% as the stock reached a 52-week high.
The company achieved record revenues of $944 million and net income of $138 million last year, reflecting increases of 8% and 61% respectively. Additionally, Argan's backlog surged from $1 billion to nearly $3 billion, driven by a projected 25% rise in electricity demand between 2025 and 2030, indicating strong market demand.
This impressive performance highlights Argan's robust growth potential in the energy sector, positioning the company favorably as it capitalizes on increasing electricity needs.
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Analyst Views on AGX
Wall Street analysts forecast AGX stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 690.000
Low
325.00
Averages
347.50
High
370.00
Current: 690.000
Low
325.00
Averages
347.50
High
370.00
About AGX
Argan, Inc. is a holding company. The Company is a construction firm that conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited and affiliates (APC), The Roberts Company, Inc. (TRC), and Southern Maryland Cable, Inc. (SMC). Through GPS and APC, its power industry services, it offers a suite of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector. Through TRC, the industrial construction services provide field services and project management that support new plant construction and additions, maintenance turnarounds, shutdowns and emergency mobilizations for industrial plants. Through SMC, its telecommunications infrastructure services provide project management, construction, installation and maintenance services to commercial, local government and federal government customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Big Tech Companies Hurt: Giants like Meta, Amazon, and Microsoft face increased cost pressures due to their substantial investments in AI data centers, which may delay revenue recognition and impact their long-term financial performance, necessitating investor attention to changes in capital expenditures.
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- Infrastructure Investment Driving Growth: Despite short-term challenges, the long-term outlook remains optimistic, with increased federal spending on infrastructure projects expected to support demand for building products, particularly in transportation, broadband, and climate-resilient initiatives.
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