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Argan shares climb after strong Q4 revenue growth

ReutersMar 27, 2026 11:20 AM

Shares of U.S. power plant builder Argan AGX.N rise nearly 10.3% to $453 in premarket

Co's Q4 revenue rose 12.7% to $262.05 million from a year ago; analysts expected $263.84 million

J.P. Morgan upgrades rating to "overweight" from "neutral," sees large project awards and a potential framework agreement in FY27 as positive catalysts for the stock

Brokerage also raises PT to $550 from $370, which represents ~26% upside to the stock's last close

"Additionally, we believe a potential long-term framework agreement with a key customer could support extended demand visibility through the end of the decade (as seen with private peers)" - J.P. Morgan

Six analysts rate the stock "buy" on average; median PT is $397.5 - data compiled by LSEG

As of last close, AGX is up ~31% YTD

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