AGX - Argan Q2 Results: The Bull Thesis Is Reaffirmed The Stock Is Still Very Cheap
Argan (AGX) released its Q2 2018 results last Wednesday after the market close and the stock rose 17% the following day as management reaffirmed their guidance for the company's $1.5 billion expected projects.
More specifically in its press release, the company said:
Our project backlog was $429 million as of July 31, 2018, up from $379 million at the end of the prior year, mostly due to an EPC contract entered into by GPS during the first quarter. During the second quarter, we announced that GPS has also entered into an EPC