Argan (AGX) is Gaining from the Growing Backlog of Power Plant Construction

In its first-quarter 2026 investor letter, Polen 5Perspectives Small Growth Strategy highlighted Argan, Inc. (NYSE:AGX) as a leading contributor. Argan, Inc. (NYSE:AGX) is a holding company that provides construction, commissioning, maintenance and related services to powe

In its first-quarter 2026 investor letter, Polen 5Perspectives Small Growth Strategy highlighted Argan, Inc. (NYSE:AGX) as a leading contributor.

Argan, Inc. (NYSE:AGX) is a holding company that provides construction, commissioning, maintenance and related services to power generation market

On May 13, 2026, Argan, Inc. (NYSE:AGX) closed at $719.92 per share. One-month return of Argan, Inc. (NYSE:AGX) was 19.62%, and its shares gained 292.71% over the past 52 weeks. Argan, Inc. (NYSE:AGX) has a market capitalization of $10.05 billion.

Polen 5Perspectives Small Growth Strategy stated the following regarding Argan, Inc. (NYSE:AGX) in its Q1 2026 investor letter: “The top contributors to the Portfolio’s relative performance in the quarter were Powell Industries , Argan, Inc. (NYSE:AGX), and Bloom Energy. Argan is a construction company that, among other things, constructs gas-fired power plants. In recent years the company has benefited from a growing backlog of projects to construct power plants that supply electricity to data centers running AI workloads.

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