Argan, Inc. (AGX) — Research Summary as of August 12, 2026

Company Overview

Argan, Inc. is a Delaware-based holding company operating primarily as an engineering, procurement, and construction (EPC) firm specializing in large-scale power generation infrastructure. It operates through three reportable segments: Power, Industrial, and Teledata, with the Power segment dominating results — generating $756.5 million in revenue in Fiscal 2026, or roughly 80.1% of consolidated revenue [9]. The Teledata and Industrial segments remain a very small fraction of overall revenue and backlog [13].

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Key Recent Catalysts (Last ~1–3 Months)