$AGX

Argan's Power segment reported a 23.6% gross margin in Q1 2027, up from 20.6% a year ago, driven by increased activity and favorable project mix. Revenues rose to $226.7M from $160.4M, with gross profit increasing to $53.6M. The company's backlog stands at $2.8B, with several major projects in construction. Competitors Quanta and EMCOR reported strong demand and record backlogs. AGX stock has surged 68.5% YTD, with a forward P/E of 35.6.

Jeffrey John Ronald Jr. sold 5,716 shares of ARGAN INC (AGX) at $579.64 ($3.31M total) on 2026-07-31.

Argan shares rose about 15.8% to around €75.70, a new 52-week high, after French logistics REIT Argan announced an all-share merger with Belgian counterpart WDP. Argan shareholders would receive 3 WDP shares plus €11 cash per share, implying ~€79.22 value and ~21% premium, with boards and major shareholders backing.

Argan (ARGAN) shares rose about 15% after it agreed to merge with Belgian logistics real estate company Warehouses de Pauw (WDP, WDPP). The deal values Argan at €68 per share, or €79 including an €11 exceptional dividend, and offers 3 WDP shares for each Argan share. Completion is expected in Q1 2027, subject to approvals.

CNBC estimates Amazon, Microsoft, Alphabet and Meta could spend nearly $700B on AI capex in 2026, over 60% above 2025. Goldman Sachs and Morgan Stanley project U.S. hyperscaler AI spending around $800B in 2026 and $1.12T in 2027. The article highlights Vertiv (VRT) and Argan (AGX) as power and cooling beneficiaries, citing Vertiv Q1 FY2026 revenue $2.6B (+30%) and 2026 guidance $13.5B-$14B.

Argan (NYSE: AGX) shares rose 154.9% in the first half of 2026, according to S&P Global Market Intelligence. The article attributes gains to Argan’s power EPC services tied to AI data center investment, with fiscal 2026 revenue of $945 million and backlog of $2.8 billion. It cites CEO David Watson expecting a handful of new projects over 10 to 18 months.

Zacks Research upgraded Argan (NYSE:AGX) from Hold to Strong-Buy. The report cited other analyst actions including JPMorgan’s upgrade to Overweight with a $550 target, and Goldman Sachs raising its target to $518. Argan shares opened at $748.66. In its June 4 quarter, EPS was $3.24 vs $2.31 consensus and revenue $290.95M vs $256.03M.

Griffin William F Jr sold 50,000 indirectly-held shares of ARGAN INC (AGX) at an average of $739.68 ($725.85–$760.43, $36.98M total) across 2 trades over 2026-06-18 to 2026-06-22.

Baugher Joshua Scott (Chief Financial Officer) sold 760 shares of ARGAN INC (AGX) at an average of $733.30 ($732.83–$734.00, $0.56M total) across 2 trades on 2026-06-17.

Sweeney Karen sold 300 shares of ARGAN INC (AGX) at $705.00 ($0.21M total) on 2026-06-17.