AGX Stock Recent News

This energy stock is back near its all-time high in a new base. The company provides power to data centers.

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Argan's topline grew over 50% in H1 FY25, driven by strong demand and construction activity, particularly in the Power Services segment. The company's backlog exceeded $1 billion, supporting continued revenue growth, with strategic projects and collaborations positioning it well for long-term growth. Despite trading at a slight premium, AGX's robust growth prospect makes it a solid long-term buy.

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Power plant builder Argan raised its quarterly dividend by 25% last night. The new dividend yield is 1.6%.

Argan has returned 77% since my first coverage 6 months ago propelled by strong earnings reports. AGX's earnings show that the company continues to execute well and has margins under control in an industry prone to cost overruns. In a world hungry for energy, Argan's business in the power generation market pits it well for a future with new energy requirements and also replacing carbon-intensive energy plants.

Argan's revenue jumped 61% in its last quarter. The company's backlog is rising, backed by demand for renewable energy.

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its second quarter of fiscal year 2025 ended July 31, 2024. The Company will host an investor conference call today, September 5, 2024, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data)         July 31,     For the Quarter Ended:   2024       2023     Change Revenues $ 227,015   $ 141,349   $ 85,666   Gross profit   31,105     23,742.

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that Chief Financial Officer, Richard H. Deily, 71, will retire effective September 15, 2024, after a distinguished 40-year career in senior financial management, which includes a 17-year tenure with the Company. Josh Baugher, who has served as Vice President and Corporate Controller for Argan since 2022, will succeed Mr. Deily as Chief Financial Officer. Mr. Deily joined Argan in October 2007 as.