NYSE:AGXConstruction
Do Argan’s (AGX) AI-Fueled Backlog and Rising Dividend Reveal a New Capital Strategy?
In recent months, Argan reported a record project backlog of about US$3.00 billion, fueled by rising power infrastructure work for AI companies and data centers, alongside higher gross margins and a stronger balance sheet.
At the same time, insider share sales and a 33% dividend increase have put additional focus on how Argan is managing growth and capital returns.
We’ll now examine how Argan’s record construction backlog tied to AI-driven power demand may reshape the company’s overall...