Argan's Earnings Report Wasn't Luck, It Was A Sign

Argan (AGX) is a power-construction EPC firm benefiting from surging electricity demand driven by AI infrastructure and grid upgrades. AGX posted stellar Q4 results: revenue up 13% YoY to $262.1M, gross margin at 25%, and backlog doubled to $2.9B. With no debt, $895M in cash, and disciplined project execution, AGX is positioned for sustained growth amid industry tailwinds.