Argan
AGX · NYSE · Industrials
$389.85
+$6.98 (+1.79%) today
Market Cap
$5.47B
24h Volume
$232.2M
P/E Ratio
30.8
52w High
$797.90
52w Low
$254.93
Est. AI Revenue
40%
7-Day Sparkline (Static)
Company facts
Performance
About Argan
Argan is a holding company for engineering and construction businesses focused on the power industry. Its main subsidiary, Gemma Power Systems, provides full engineering, procurement, and construction services for power plants, earning revenue on large multi year projects for utilities and independent power producers.
Gemma builds gas fired plants and renewable facilities, and its backlog has grown to record levels as utilities race to add generation for AI data centers. Argan's other units include Atlantic Projects Company, an international construction firm, The Roberts Company, an industrial fabricator, and SMC Infrastructure Solutions, a telecom infrastructure business.
Founded in 1961 and headquartered in Arlington, Virginia, Argan employs about 1,409 people and trades on the NYSE.
Argan in the AI buildout
Argan sits squarely in the Power & Energy layer of the buildout. AI data centers need firm, around the clock electricity, and much of that new capacity comes from gas fired plants that firms like Gemma Power Systems engineer and construct. Argan never builds the data hall, but the generation projects filling its record backlog exist largely because of data center load growth, tying its results to the Data Centers layer one step upstream.
AGX is tracked in Power & Energy and Data Centers & Hardware, rated Strategic on the AI Exposure leaderboard.
By the numbers
52-week range
AGX trades at $389.85, 25% of the way up its 52-week range of $254.93 to $797.90.
Market cap
Market capitalization is $5.47B, with an AI Exposure Score of 60 out of 100.
Valuation vs peers
Its P/E ratio of 30.8 is in line with the Power & Energy category median of 30.8.
Next earnings
Argan is next expected to report earnings on September 2, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Argan, Inc. do?
Argan is a holding company whose subsidiaries provide engineering, procurement, and construction services for the power industry. Gemma Power Systems, its largest unit, builds gas fired and renewable power plants for utilities and independent power producers across the United States.
How is Argan, Inc. exposed to AI?
Utilities are ordering new power plants largely to serve AI data center electricity demand, and that demand has pushed Argan's construction backlog to record levels. Supercycle rates it Strategic with an AI Exposure Score of 60 out of 100.
What companies does Argan own?
Argan's subsidiaries include Gemma Power Systems, its main power plant construction business, Atlantic Projects Company, an international construction firm, The Roberts Company, an industrial fabrication and construction business, and SMC Infrastructure Solutions, which builds telecom infrastructure.
Who leads Argan, Inc.?
David Hibbert Watson serves as CEO of Argan. The company was founded in 1961, is headquartered in Arlington, Virginia, and employs about 1,409 people across its power construction and industrial fabrication subsidiaries.
Is AGX a pure play AI stock?
No. Supercycle scores Argan 60 out of 100, in the Strategic tier. Its power plant construction boom is substantially driven by AI electricity demand, but it is a generation builder serving the whole grid, not an AI infrastructure company.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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