Argan Stock Soars: A Data Center Powerhouse

Argan, a key player in infrastructure and construction services, has experienced a significant stock market ascent, now ranking 59th in Barchart's Top 100 Stocks to Buy. This impressive climb is supported by a weighted alpha considerably exceeding its recent stock performance, with shares appreciating 26% in the past month. The company's strong position is further evidenced by its growing backlog, which expanded from $1.0 billion in fiscal 2017 to $1.4 billion in 2025.

Despite some market observations suggesting non-Magnificent 7 stocks may be overvalued, Argan continues to attract investor interest. Its stock has jumped 55% over the last three months, a notable acceleration after a period of stagnation between 2016 and late 2023. This recent performance highlights a strong upward momentum, especially within the data center sector where Argan has seen substantial gains since early 2024.

Argan's financial outlook remains positive, with projections indicating earnings per share of $8.41 for fiscal 2026 and $9.47 for 2027. Although its shares trade at a premium relative to these future earnings, the company's robust backlog growth and consistent demand for infrastructure services suggest a compelling case for long-term investment. This sustained demand is a critical factor underpinning Argan's market performance.