Argan's stock price has fallen about 60% from its all-time high of $805 per share reached in June, mainly due to concerns over delays in AI data center projects and a shrinking backlog. Despite this, the company is expected to grow at a 12% compound annual growth rate (CAGR) through 2029, with a target price of $397 per share and increasing dividends. However, risks remain from fixed-price contracts and turbine delivery dependencies. Management indicates capacity for more projects, supported by long turbine lead times and rising U.S. electricity demand, suggesting potential sustained backlog growth.
Argan stock is the subject of this market context, with Pluang providing a snapshot of Industrials-sector trading. As of Nov 11, 2026 13:51 WIB, 80 of 135 priced Industrials stocks rose while 52 fell. Notable movers include Comfort Systems USA Inc (FIX) at USD 1,149.50 with a 3.94% gain and a typical hold time of 43 days, FTAI Aviation Ltd (FTAI) at USD 191.04 down 3.92%, and Powell Industries (POWL) at USD 143.57 up 3.88%, both with 100% buy order activity on Pluang.
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