AGX
📈 Argan’s stock value has doubled in the last year, showcasing strong growth potential.
💰 Q2 revenues increased by 61% year-over-year, reaching $227 million.
💼 The company has a project backlog valued at over $1 billion, including both traditional and renewable energy projects.
💸 Lower interest rates could allow Argan to finance new projects at a reduced cost, expanding growth opportunities.
@rankia:
“Argan Inc., AGX, is an engineering and construction company specializing in services for the energy, industrial construction, and telecommunications infrastructure sectors. They operate both in the United States and abroad through various subsidiaries. In the last year, Argan’s shares have doubled in value. In the second quarter, revenues increased by 61% compared to the previous year, reaching $227 million. EBITDA grew by 21%. This reflects a solid return on capital of 15% and a free cash flow margin of 21%, far exceeding the sector average. Argan has a project portfolio valued at over $1 billion, including traditional and renewable energy projects. With the cut in interest rates, Argan can finance new projects at a lower cost, expanding its growth opportunities and consolidating its position in key markets.”
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Read more articles by the world’s top 100 analysts on Argan (AGX) at the following link. AGX stock.
