Reported 1 day ago
Argan, Inc. (AGX) has caught attention for its bullish thesis due to its impressive performance in the face of escalating power infrastructure investment. The company's share price was at $203.84, with a record backlog of $1.9 billion that promises sustained revenue from large-scale projects. AGX's unique ability to handle diverse projects and solid financial standing, featuring $540 million in cash and no debt, position it as a strong player in the energy transition market. Despite some insider selling and execution risks, its refreshed DCF model projects a valuation of $290 per share, indicating substantial upside potential.
Source: YAHOO