Argan Inc is trading 4.3% up now at $669.10, extending its recent rebound as investors continue to digest strong earnings and a massive surge in project orders.
- The company's project backlog more than doubled to $2.90 billion, fueled by significant demand for AI-driven data center infrastructure.
- Recent financial results showed robust performance with sales of $290.95 million and net income of $46.06 million.
- Shares are also gaining support from a broader risk-on rally as major market indices trade higher.