Lumida
/AGX
⌘K
Argan Inc

Argan Inc

AGX
$413.74USD↑+4.39%+17.41 today

MARKET CAP

5.8B

P/E (TTM)

42.5x

FWD P/E

—

DAY RANGE

$401 – $417

52W RANGE

$227
$806

AI Summary

Stalk
StalkMedium

AGX is in a pronounced Stage 4 decline, trading well below all major EMAs yet registering extreme oversold readings that qualify for mean-reversion; while the double bottom and bearish exhaustion patterns suggest a potential reversal foundation, execution should be deferred until price shows clear acceptance above short-term EMAs or holds near the defended low support zone.

  • ↑Revenue up 50% YoY to $291M in Q1 FY27, exceeding expectations.
  • ↑Backlog of $2.8B with guidance to add new projects over next 10–18 months.
  • ↓Valuation metrics indicate overvaluation risk for value-focused investors.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Argan, Inc. (NYSE: AGX) is a leading provider of construction and engineering services to the energy sector, specializing in power generation and supporting industrial and teledata segments. The company has established its position within the rapidly growing energy infrastructure market, focusing on executing complex projects, particularly in gas-fired and renewable energy facilities. Argan remains poised to leverage the increasing demand for reliable energy solutions amid the ongoing electrification of multiple sectors.

Bull says

  • ↑Revenue up 50% YoY to $291M in Q1 FY27, exceeding expectations.
  • ↑Backlog of $2.8B with guidance to add new projects over next 10–18 months.
  • ↑Quarterly dividend of $0.50 and $200M buyback bolster shareholder returns.
  • ↑$974M cash and zero debt provide low leverage and financial flexibility.
  • ↑Electrification-driven demand and favorable rate sensitivity enhance margin potential.
  • ↑Strong profitability and momentum factors underpin potential for further upside.

Bear says

  • ↓Valuation metrics indicate overvaluation risk for value-focused investors.
  • ↓77% of backlog in natural gas exposes transition risk to renewables.
  • ↓Project timing volatility poses execution risk and potential revenue swings.
  • ↓Rising material and labor costs may compress gross margins.
  • ↓Insider selling and institutional profit-taking have weighed on share price.
  • ↓High volatility factor suggests unpredictable price swings.

Investment themes with AGX

Infrastructure Development↓ -1.13%

DE · HWM · TT

Earnings Call · Q2 2026 · Mgmt. Guidance

Updated 09-03-2026bullish

Transcript signals

Bull points

  • Net income for the second quarter of fiscal 2026 was $35.3 million, or $2.50 per diluted share, which represents record quarterly EPS, compared to $18.2 million, or $1.31 per diluted share, for last year's comparable quarter.
  • EBITDA, earnings before interest, taxes, depreciation, and amortization for the quarter ended July 31, 2025, increased to $36.2 million, compared to $24.8 million for the same period of last year.
  • Looking at our year-to-date performance, revenues for the first six months of fiscal 2026 increased by 12.1% to $431.4 million as compared to revenues of $384.7 million the prior year period.

Bear points

  • Selling general and administrative expenses of $14.2 million for the second quarter of fiscal 2026 increased as compared to SG&A of $12.4 million for the comparable prior year period.
Read full transcript analysis ›