Stock Track | Argan Soars 24.37% Intraday on Strong Q4 Results and JPMorgan Upgrade

Stock Track

Mar 27

Argan's stock surged 24.37% during intraday trading on Friday, following the release of its fourth-quarter financial results and a significant analyst upgrade.

The power plant builder reported quarterly earnings of $3.47 per share, beating the analyst consensus estimate of $1.96 per share. Quarterly sales reached $262.05 million, exceeding expectations of $255.315 million and representing a 12.7% increase from the same period last year.

JPMorgan upgraded Argan to Overweight from Neutral and raised its price target to $550 from $370, citing the strong quarterly report. The brokerage highlighted potential large project awards and a possible framework agreement with a key customer in fiscal year 2027 as positive catalysts. Other analysts, including Lake Street, also raised their price targets on the stock.

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Quarterly sales reached $262.05 million, exceeding expectations of $255.315 million and representing a 12.7% increase from the same period last year.</p><p>JPMorgan upgraded Argan to Overweight from Neutral and raised its price target to $550 from $370, citing the strong quarterly report. The brokerage highlighted potential large project awards and a possible framework agreement with a key customer in fiscal year 2027 as positive catalysts. Other analysts, including Lake Street, also raised their price targets on the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AGX","symbol_name":"Argan Inc.","start_time":0,"source_url":"","article_id":"1112239999","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112239999","pubTimestamp":1774618372,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Argan's stock surged 24.37% during intraday trading on Friday, following the release of its fourth-quarter financial results and a significant analyst upgrade.The power plant builder reported...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AGX":"Argan Inc."},"translate_title":"个股追踪|Argan盘中大涨24.37%因Q4业绩强劲及摩根大通上调评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGX":1},"content_text":"Argan's stock surged 24.37% during intraday trading on Friday, following the release of its fourth-quarter financial results and a significant analyst upgrade.The power plant builder reported quarterly earnings of $3.47 per share, beating the analyst consensus estimate of $1.96 per share. 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