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Upturn AI Summary - About
Argan Inc(AGX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AGX
10/19/2026: AGX (1-star) is currently NOT-A-BUY. Pass it for now.
Argan Inc is an engineering and construction company known for its focus on power generation infrastructure. The company distinguishes itself with a clean, cash-rich balance sheet, which provides financial stability and supports regular shareholder dividends. Its primary growth story revolves around the long-term energy transition and the increasing demand for grid infrastructure to support data centers. However, investors must monitor risks related to project execution, revenue concentration among few large clients, and the cyclical nature of energy construction. Argan serves as a suitable candidate for value-oriented and income-focused investors who prioritize financial discipline and look for exposure to the foundational energy sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Argan offers moderate growth potential tied to energy infrastructure cycles rather than hyper-growth. |
| Momentum investor | Strong fit while signal remains positive | The stock can exhibit momentum during periods of significant project backlog announcements. |
| Value investor | Strong fit | Argan's strong cash position and disciplined balance sheet often appeal to value-oriented investors. |
| Dividend investor | Strong fit | The company provides a reliable dividend supported by a healthy cash-rich balance sheet. |
| Low-risk investor | Mixed fit | While the balance sheet is strong, project-based earnings create moderate price volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock price is sensitive to project announcements and the cyclical nature of energy construction. |
| Valuation risk | Low | The company's significant cash reserves provide a floor for valuation. |
| Competition risk | Medium / high | Strong competitors like Quanta and MasTec possess larger resources for massive national projects. |
| Business quality | Strong | Argan is recognized for technical expertise and a very clean balance sheet. |
| Dividend income | Medium | Dividends are generally stable but tied to cash flow availability. |
| Execution risk | Medium / high | Complex engineering projects are prone to cost overruns and delays. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 93.79% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 10/19/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.85B USD | Price to earnings Ratio 27.32 | 1Y Target Price 570.5 |
Price to earnings Ratio 27.32 | 1Y Target Price 570.5 | ||
Volume (30-day avg) 393.2K shares | Beta 0.55 | 52 Weeks Range 256.40 - 805.09 | Updated Date 10/18/2026 |
52 Weeks Range 256.40 - 805.09 | Updated Date 10/18/2026 | ||
Dividends yield (FY) 0.54% | Basic EPS (TTM) 12.65 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Power Services | Engineering, procurement, and construction of power plants. | The company makes money by building the complex power plants that keep the lights on. |
| Industrial Services | Maintenance, telecommunications, and industrial infrastructure support. | This provides steadier, recurring revenue through long-term maintenance contracts. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 27.32 | Forward PE 16.61 | Enterprise Value 4.24B | Price to Sales(TTM) 4.08 |
Enterprise Value 4.24B | Price to Sales(TTM) 4.08 | ||
Enterprise Value to Revenue 3.56 | Enterprise Value to EBITDA 22.14 | Shares Outstanding 14.03M | Shares Floating 13.78M |
Shares Outstanding 14.03M | Shares Floating 13.78M | ||
Percent Insiders 4.11 | Percent Institutions 112.13 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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