Argan is the shovel seller of the AI boom - that's why I think the stock will continue to rise despite the all-time high!
The company reported a record backlog of around 3 billion USD in December.
Argan builds the power plants that satisfy the enormous energy demand of AI data centers.
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I first introduced Argan in the Tenbagger magazine at prices around 60 USD when the company's growth began to accelerate. The stock is now breaking out to a new all-time high at 470 USD. I believe the increase could continue for the following reasons: Argan supports its customers in all phases of power supply and builds the power plants that satisfy the enormous energy demand of AI data centers through its subsidiaries (like Gemma Power Systems). The company reported a record backlog of around 3 billion USD in December. This is a massive increase...
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