Professional
Added to YB: 2024-06-03
Pitch date: 2024-06-02
AGX [neutral]
Argan, Inc.
+358.06%
current return
Author Info
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Company Info
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.
Market Cap
$4.4B
Pitch Price
$69.84
Price Target
N/A
Dividend
0.64%
EV/EBITDA
24.23
P/E
36.93
EV/Sales
3.96
Sector
Construction and Engineering
Category
N/A
(NAS:AGX) Argan Inc: Powering America
AGX: EPC firm specializing in nat gas plants via Gemma Power Systems subsidiary. Nat gas 43% of US energy but future uncertain w/ renewables rise. AGX avoids money-losing contracts w/ strict cost discipline. Completed 1.8 GW Guernsey Power Station. Rev tied to nat gas additions, down from $800M peak to $400M now. Backlog $800M vs $1.4B peak. Flat US energy use last 20 yrs may change on EV/AI/onshoring, boosting demand 10%+ by 2030, needing 200-350 GW added to 1,160 GW grid. But solar now cheaper than nat gas & regulations limit pipelines. AGX expanding into renewables given nat gas uncertainty. Waiting for better entry point.
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