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Argan Inc (AGX)




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Upturn Advisory Summary
08/28/2025: AGX (4-star) is a STRONG-BUY. BUY since 24 days. Profits (2.19%). Updated daily EoD!
1 Year Target Price $225.33
1 Year Target Price $225.33
1 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 184.49% | Avg. Invested days 35 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.30B USD | Price to earnings Ratio 33.76 | 1Y Target Price 225.33 |
Price to earnings Ratio 33.76 | 1Y Target Price 225.33 | ||
Volume (30-day avg) 2 | Beta 0.58 | 52 Weeks Range 69.13 - 253.79 | Updated Date 08/28/2025 |
52 Weeks Range 69.13 - 253.79 | Updated Date 08/28/2025 | ||
Dividends yield (FY) 0.63% | Basic EPS (TTM) 7.17 |
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 2025-09-04 | When - | Estimate 1.64 | Actual - |
Profitability
Profit Margin 11% | Operating Margin (TTM) 12.57% |
Management Effectiveness
Return on Assets (TTM) 9.36% | Return on Equity (TTM) 30.48% |
Valuation
Trailing PE 33.76 | Forward PE - | Enterprise Value 2758389011 | Price to Sales(TTM) 3.63 |
Enterprise Value 2758389011 | Price to Sales(TTM) 3.63 | ||
Enterprise Value to Revenue 3.03 | Enterprise Value to EBITDA 24.6 | Shares Outstanding 13640800 | Shares Floating 13036389 |
Shares Outstanding 13640800 | Shares Floating 13036389 | ||
Percent Insiders 4.49 | Percent Institutions 90.17 |
Upturn AI SWOT
Argan Inc

Company Overview
History and Background
Argan, Inc., through its subsidiaries, primarily Power Technology, provides engineering, procurement, construction, commissioning, and consulting services to the power generation and renewable energy markets. Founded in 2001, it has evolved from a diversified holding company to focus on its core EPC business.
Core Business Areas
- Power Technology: Provides engineering, procurement, construction, commissioning, and consulting services, primarily to the power generation industry, including construction of natural gas-fired power plants.
- Atlantic Coast Electric Supply (ACES): Distributes electrical equipment and supplies, though this segment is less significant than Power Technology.
- Gemma Power Systems: Focuses on engineering, procurement and construction (EPC) services for the power industry.
Leadership and Structure
Rainer Bosselmann serves as the Chairman and Chief Executive Officer. The organizational structure is focused around its operating subsidiaries, with a centralized management team overseeing strategy and financials.
Top Products and Market Share
Key Offerings
- Natural Gas-Fired Power Plant Construction: EPC services for natural gas-fired power plants, including engineering, procurement, construction, and commissioning. Market share data is not readily available for this specific niche, but Argan competes with larger EPC firms. Competitors include Fluor, Bechtel, and Kiewit Power.
- Renewable Energy Construction: EPC services for renewable energy plants, mainly solar and wind farms. Market share is less dominant here compared to natural gas. Competitors include Quanta Services, Mortenson Construction.
Market Dynamics
Industry Overview
The power generation industry is undergoing a transition towards cleaner energy sources. Demand for natural gas-fired power plants remains, driven by grid reliability needs. Renewable energy projects are also growing rapidly due to government incentives and declining costs.
Positioning
Argan is positioned as a specialist EPC contractor for power plants, focusing on natural gas and, increasingly, renewable energy. Its competitive advantage lies in its expertise in complex projects and established relationships with power developers.
Total Addressable Market (TAM)
The total addressable market for power plant EPC services is estimated in the tens of billions of dollars annually. Argan's positioning allows it to capture a portion of this TAM by focusing on specific project types and leveraging its expertise.
Upturn SWOT Analysis
Strengths
- Strong expertise in power plant EPC
- Proven track record of project execution
- Strong financial position with significant cash reserves
- Established relationships with power developers
- Experienced management team
Weaknesses
- Concentration in the power generation industry
- Reliance on a few large projects
- Limited geographic diversification
- Relatively small size compared to major EPC competitors
Opportunities
- Growing demand for natural gas-fired power plants
- Increasing adoption of renewable energy
- Expansion into new geographic markets
- Acquisitions to expand service offerings
Threats
- Fluctuations in energy prices
- Increased competition from larger EPC firms
- Changes in government regulations
- Project delays or cancellations
Competitors and Market Share
Key Competitors
- FLR
- BCC
- PWR
Competitive Landscape
Argan competes with larger EPC firms on power plant projects. Its advantages include specialized expertise and strong relationships. Disadvantages include smaller size and limited geographic diversification.
Major Acquisitions
Gemma Power Systems
- Year: 2011
- Acquisition Price (USD millions): 110
- Strategic Rationale: Expanded Argan's EPC capabilities in the power generation sector.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by demand for power plant construction. Historical data needs to be sourced from SEC filings.
Future Projections: Future projections require analyst estimates. These depend on the backlog of projects and the overall power market.
Recent Initiatives: Recent initiatives include focusing on larger, more complex projects and expanding into renewable energy markets.
Summary
Argan Inc. is a specialized EPC contractor focused on the power generation industry, with a strong track record in natural gas-fired power plants. The company benefits from a solid financial position, but faces risks associated with project concentration and competition from larger firms. Expanding into renewable energy and diversifying geographically are key opportunities. Monitoring regulatory changes and energy market dynamics is crucial for its continued success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Analyst Reports (FactSet, Bloomberg)
- Industry Publications (e.g., Power Magazine)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share estimates are approximate and may vary. Actual financial performance may differ from projections.
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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