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US Stock Movement | Q4 Earnings Surpass Expectations, Argan(AGX.US) Surges Over 30%
According to Zhitong Finance APP, on Friday, Argan (AGX.US) surged over 30% after earnings, reaching a new all-time high, with a cumulative increase of 71% this year. In terms of news, on March 26, Argan announced Q4 revenue of $262.1 million and earnings per share of $3.47, both exceeding market expectations. The company signed new contracts worth $2.5 billion for the fiscal year 2026, with project backlog rising to approximately $2.9 billion, providing strong support for future revenue. JPMorgan upgraded the company’s rating from “Neutral” to “Overweight,” with the target price significantly raised from $370 to $550.