NYSE:AGXConstruction
Argan (AGX): Evaluating Valuation Following Major 860 MW Power Plant Contract Win
Argan (NYSE:AGX) just revealed that its subsidiary, Gemma Power Systems, has secured a contract to build an 860 MW natural gas-fired power plant in the ERCOT market. The full contract value will boost this quarter’s project backlog.
See our latest analysis for Argan.
The new project announcement comes on the heels of a remarkable run for Argan’s shares, with a 56.99% share price return over the last three months and an impressive 145.35% gain year-to-date. Looking longer term, the total...