Argan's growth prospects fueled by AI power demand and backlog conversion

seekingalpha.com

Argan's stock is a strong buy due to its significant backlog, debt-free status, and AI-driven power demand exposure. The company's growth is expected from converting its record $2.9 billion backlog, securing new power plant contracts, and expanding data center infrastructure. An analyst set an $886 price target, citing EBITDA growth and resilience in a capital-intensive sector.


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