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AGX - Argan Strategically Positioned With Respect To Energy Situation
Argan Inc.
Argan is an engineering company that constructs power generation assets.
With a focus on gas-powered assets, they are not behind the times, and the opportunity to incorporate the hydrogen economy is present.
Moreover, acquisitions position them for more explicit renewable contracts.
With inflation and rising rates, and gas kept high by the Ukraine invasion, CAPEX cycles could retreat, but the multiple is not bad - especially relative to peers.