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Argan ( (AGX) ) just unveiled an announcement.
Argan, Inc.’s subsidiary, Atlantic Projects Company, has secured a contract with SSE Thermal for engineering, procurement, and construction services at the Platin Power Station in Ireland. This project, which will feature three Siemens Energy SGT-800 turbines, is expected to be completed by 2028 and will enhance Ireland’s power grid with 170 MW of generation capacity during high demand periods. This contract marks a significant milestone for Atlantic Projects Company, reinforcing its partnership with SSE and supporting Ireland’s transition to sustainable energy solutions.
The most recent analyst rating on (AGX) stock is a Buy with a $150.00 price target. To see the full list of analyst forecasts on Argan stock, see the AGX Stock Forecast page.
Spark’s Take on AGX Stock
According to Spark, TipRanks’ AI Analyst, AGX is a Outperform.
Argan’s overall score is driven by strong financial performance and a positive earnings call, highlighting significant revenue growth and a robust project pipeline. While technical analysis shows positive momentum, caution is advised due to high valuation metrics and potential overbought conditions.
To see Spark’s full report on AGX stock, click here.
More about Argan
Argan, Inc. is a company primarily engaged in providing a comprehensive range of construction and related services to the power industry. Its services focus on the engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities. Through its subsidiaries, Gemma Power Systems and Atlantic Projects Company, Argan offers commissioning, maintenance, project development, and technical consulting services. Additionally, Argan owns The Roberts Company, which specializes in industrial construction, fabrication, and plant services, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.
Average Trading Volume: 437,029
Technical Sentiment Signal: Buy
Current Market Cap: $3.22B
See more data about AGX stock on TipRanks’ Stock Analysis page.