(Automated translation by Reuters, please see disclaimer
April 12 – **Shares of engineering services company Argan AGX.N up 22.7% to $60.50
** Stock hits six-year high
** Company’s Q4 revenue rises 38.5% to $164.55 million vs. $161.60 million forecast – LSEG data
** The increase in turnover is attributable to increased profits from several energy projects
** Brokerage firm Lake Street Capital Markets raises its price estimate to $70 from $61, implying a nearly 42% upside from the stock’s last close
**Argan is expected to see increased activity over the next 12 to 24 months and we expect a cadence of new project awards” – brokerage
**Including the session’s gains, the stock is up ~25%
2024-04-13 02:10:59
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