Zacks Research upgraded Argan Inc. (NYSE: AGX) from hold to strong-buy on June 26, 2026. The construction company specializes in power generation and renewable energy projects.
The upgrade follows quarterly earnings that exceeded analyst expectations earlier this month. Revenue increased 50.2% compared to the previous year.
Argan previously authorized a $200 million stock buyback program. The board initiated the buyback to signal confidence in the company’s value.