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The latest announcement is out from Argan ( (AGX) ).
Argan, Inc.’s subsidiary, Gemma Power Systems, has secured a contract for an 860 MW natural gas-fired power plant in the ERCOT market, with the project value to be added to the company’s backlog for the quarter ending October 31, 2025. This development signifies a significant addition to Argan’s project portfolio, potentially enhancing its market position and operational scale within the energy sector.
The most recent analyst rating on (AGX) stock is a Buy with a $348.00 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 strong financial performance, highlighted by robust revenue growth and profitability, is the primary driver of its stock score. The positive momentum in technical indicators supports a favorable outlook, although the high P/E ratio suggests potential overvaluation. The earnings call further reinforces the company’s strong position with a record backlog and strategic focus on shareholder returns. However, the modest dividend yield and challenges in the Industrial Construction Services segment slightly temper the overall score.
To see Spark’s full report on AGX stock, click here.
More about Argan
Argan, Inc. operates in the engineering and construction industry, primarily focusing on power plant projects through its subsidiary, Gemma Power Systems. The company is involved in providing engineering, procurement, and construction services, with a market focus on energy infrastructure.
Average Trading Volume: 350,241
Technical Sentiment Signal: Buy
Current Market Cap: $4.49B
Learn more about AGX stock on TipRanks’ Stock Analysis page.