Argan Anticipates a Second Growth Phase due to Increased Power Supply - the Stock Breaks out Above the Resistance!

I first covered the Argan stock at prices of around $60 when the company's growth began to accelerate. Since then, the stock has performed strongly and may have recently completed the correction observed. The company, which supports its customers in all phases of power supply, is increasingly seen as a beneficiary of AI. The management recently stated that they foresee a "second growth phase" through projects that address the new growth in electricity demand driven by data centers and electric vehicles. In the last quarter, revenues rose by 41.3%...