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Argan Inc (AGX)



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Upturn Advisory Summary
10/15/2025: AGX (4-star) is a STRONG-BUY. BUY since 20 days. Simulated Profits (20.39%). Updated daily EoD!
1 Year Target Price $262
1 Year Target Price $262
1 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 188.39% | Avg. Invested days 35 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.15B USD | Price to earnings Ratio 35.34 | 1Y Target Price 262 |
Price to earnings Ratio 35.34 | 1Y Target Price 262 | ||
Volume (30-day avg) 2 | Beta 0.63 | 52 Weeks Range 100.54 - 313.50 | Updated Date 10/14/2025 |
52 Weeks Range 100.54 - 313.50 | Updated Date 10/14/2025 | ||
Dividends yield (FY) 0.51% | Basic EPS (TTM) 8.51 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 12.73% | Operating Margin (TTM) 12.64% |
Management Effectiveness
Return on Assets (TTM) 9.12% | Return on Equity (TTM) 33.43% |
Valuation
Trailing PE 35.34 | Forward PE - | Enterprise Value 3177820760 | Price to Sales(TTM) 4.51 |
Enterprise Value 3177820760 | Price to Sales(TTM) 4.51 | ||
Enterprise Value to Revenue 3.45 | Enterprise Value to EBITDA 25.83 | Shares Outstanding 13811575 | Shares Floating 13268504 |
Shares Outstanding 13811575 | Shares Floating 13268504 | ||
Percent Insiders 4.21 | Percent Institutions 89.12 |
Upturn AI SWOT
Argan Inc

Company Overview
History and Background
Argan Inc. was founded in 1961 as Atlantic Research Corporation. It has evolved from research and development to providing engineering, procurement, and construction (EPC) services, primarily to the power sector.
Core Business Areas
- Power Industry Services: Provides EPC services, primarily for natural gas-fired power plants, renewable energy facilities, and related infrastructure.
- Industrial Fabrication: Fabricates steel components for various industries, including power generation, telecommunications, and defense.
- Telecommunications Infrastructure: Designs and builds communication infrastructure.
Leadership and Structure
Rainer H. Bosselmann is the Chairman, President, and CEO. The company operates with distinct business units under the Argan Inc. umbrella.
Top Products and Market Share
Key Offerings
- EPC Services for Power Plants: Argan's Gemma Power Systems subsidiary is a leading provider of EPC services for combined-cycle natural gas-fired power plants. Market share data is difficult to pinpoint exactly but it is a dominant player in the power sector. Competitors include Kiewit, Black & Veatch, and Fluor.
- Telecommunications Infrastructure: Designs and builds communication infrastructure. Market share data is fragmented, with competitors including Dycom Industries and MasTec. Exact numbers unavailable.
Market Dynamics
Industry Overview
The power generation industry is undergoing a transition towards cleaner energy sources, with natural gas serving as a bridge fuel. The telecommunications sector is in a major upgrade cycle for broadband internet.
Positioning
Argan is positioned as a reliable EPC contractor in the power sector, focusing on building efficient natural gas-fired plants. It also operates in the fast growing telecommunications sector.
Total Addressable Market (TAM)
TAM in the power sector is estimated to be in the billions of dollars annually, with a significant portion allocated to natural gas-fired power plants. Argan is positioned to capture a portion of this market. The telecommunications sector has a TAM in the hundreds of billions.
Upturn SWOT Analysis
Strengths
- Strong reputation in EPC services
- Experience in building complex power plants
- Solid backlog of projects
- Strong balance sheet with significant cash reserves
- Demonstrated ability to execute projects on time and within budget
Weaknesses
- Concentration in the power sector (cyclical nature)
- Reliance on a limited number of large projects
- Exposure to commodity price fluctuations
- Smaller market capitalization compared to some competitors
- Limited geographic diversification
Opportunities
- Expansion into renewable energy projects
- Diversification into other infrastructure markets
- Increased demand for natural gas-fired power plants in developing countries
- Acquisitions of complementary businesses
- Growth in telecommunications infrastructure buildout
Threats
- Increased competition from larger EPC firms
- Changes in government regulations regarding power generation
- Economic downturns affecting capital spending
- Rising material and labor costs
- Delays in project approvals
Competitors and Market Share
Key Competitors
- Kiewit
- Fluor (FLR)
- Black & Veatch
- Dycom Industries (DY)
- MasTec (MTZ)
Competitive Landscape
Argan's advantages include its expertise in building complex power plants and its strong relationships with key customers. Disadvantages include its smaller size compared to some competitors and its concentration in the power sector.
Major Acquisitions
The Roberts Company
- Year: 2021
- Acquisition Price (USD millions): 65
- Strategic Rationale: Expanded Arganu2019s industrial fabrication capabilities and diversified its revenue streams.
Growth Trajectory and Initiatives
Historical Growth: Argan has experienced periods of growth and contraction, largely influenced by the timing and size of its EPC projects and market condition.
Future Projections: Future growth is projected to be driven by the ongoing demand for natural gas-fired power plants and telecommunications infrastructure, but can vary due to market conditions.
Recent Initiatives: Recent initiatives include pursuing renewable energy projects and expanding its telecommunications infrastructure business.
Summary
Argan Inc. is a company with a strong history in the power sector and growing presence in telecommunications. It has a solid backlog and healthy financials, but its concentration in power generation makes it susceptible to industry cycles. Growth opportunities lie in renewable energy and further diversification. Its relatively small size compared to major players presents a risk.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Argan Inc. Investor Relations
- SEC Filings
- Industry Reports
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market data and analysis are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Argan Inc
Exchange NYSE | Headquaters Arlington, VA, United States | ||
IPO Launch date 1995-08-18 | CEO, President & Director Mr. David Hibbert Watson CPA | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 1595 | Website https://arganinc.com |
Full time employees 1595 | Website https://arganinc.com |
Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom. Its Power Industry Services segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects to the owners of alternative energy facilities, such as biomass plants, wind farms, battery storage, and solar fields; and design, construction, project management, start-up, and operation, as well as technical consulting services. This segment serves independent power project owners, public utilities, power plant heavy equipment suppliers, and other commercial firms. The company's Industrial Construction Services segment provides field services that support new plant construction and additions; maintenance turnarounds; shutdowns and emergency mobilizations for industrial plants; and delivery and installation of steel components, such as piping systems and pressure vessels. Its Telecommunications Infrastructure Services segment offers trenchless directional boring and excavation for underground communication and power networks; aerial cabling; high and low voltage electric lines; and private area outdoor lighting systems, as well as installs buried cable. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks. This segment serves electricity cooperative, state and local government agencies, counties and municipalities, and technology-oriented government contracting firms, as well as federal government customers in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Arlington, Virginia.

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