Core Viewpoint - Silver X Mining Corp. has announced a private placement offering of up to C$60 million in secured convertible debentures, with Ventum Financial Corp. acting as the sole agent and bookrunner [1] Group 1: Offering Details - The offering consists of secured convertible debentures with an aggregate principal amount of up to C$60 million [1] - The company has granted the agent an option to increase the offering size by up to 15% of the number of convertible debentures, which can be exercised at any time up to three business days prior to the closing [1]

Key Points Argan's backlog has more than doubled in its 2026 fiscal year. The company carries no debt and $727 million in cash equivalents. Argan stock has increased 118% in the past year. 10 stocks we like better than Argan › If there's a race to secure and produce electricity, then there's also a race to build the corresponding power plants and infrastructure. One industrial stock that will benefit from this explosion of power needs is Argan (NYSE: AGX). Argan is a construction services compa ...

In the current market session, Argan Inc. (NYSE:AGX) stock price is at $383.51, after a 3.50% drop. However, over the past month, the company's stock went up by 17.95%, and in the past year, by 127.55%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. Argan P/E Ratio Analysis in Relation to Industry PeersThe P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA, AMZN, GOOG either through stock ownership, options, or other derivatives. I wrote this a ...

Company Overview - Argan, Inc. (AGX) is a 70-year-old engineering company based in Virginia, USA [1] Business Units - The company has several business units, but their importance varies significantly within the overall structure of the company [1]

Core Insights - Argan, Inc. (AGX) shares have increased by 49% over the past six months, significantly outperforming the Zacks Building Products - Miscellaneous industry's growth of 18.2% and the broader Construction sector and S&P 500, which grew by 12.4% and 14.3% respectively [1][5]. Industry Overview - The construction environment is mixed, but demand for power generation and grid reliability remains strong. Factors such as tariffs, high input and labor costs, and inflation exert some pressure, yet infrastructure spending related to electricity demand and system upgrades is resilient [3][4]. Company Performance - Argan is experiencing steady momentum due to increasing demand for reliable power generation and grid infrastructure. The company benefits from rising electricity consumption driven by data centers, AI workloads, and electrification, which supports large natural gas projects where its EPC capabilities provide a competitive advantage [4][9]. - Argan's backlog reached a record of nearly $3 billion, providing clear revenue visibility across multi-year projects. The company is expanding its services beyond power to include industrial and telecom construction [8][12]. Backlog and Project Mix - The backlog consists of over 6 gigawatts of generation capacity, with management expecting to maintain 10-12 active projects at any time. This backlog supports predictable revenue progression extending into 2027 [12]. - Approximately 79% of the backlog is associated with gas-fired facilities, reflecting the demand for reliable power to support renewable generation and rising electricity consumption [14]. Revenue Diversification - Argan is diversifying its revenue streams through its Industrial Construction Services and Telecommunications Infrastructure Services segments. In Q3 of fiscal 2026, revenues from Industrial Construction Services increased by 19% year over year to $49 million, while Telecommunications Infrastructure Services revenues rose by 76% to $6.3 million [16]. Valuation and Earnings Outlook - AGX stock is trading at a forward P/E ratio of 31.47, which is higher than peers like TopBuild, Frontdoor, and Gibraltar, which have forward P/E ratios of 24.37, 14.94, and 11.9 respectively [17][19]. - Despite the premium valuation, analysts have revised AGX's earnings estimates upward, projecting a 23.2% year-over-year growth in earnings for fiscal 2027, with expected revenue growth of 37.4% [20].

Industry Overview - The Zacks Building Products - Miscellaneous industry is under pressure from tariffs, high input and labor costs, and persistent inflation, leading to slowed commercial activity and challenges in housing affordability [1][4][6] - Supply-chain disruptions and high energy expenses are contributing to these challenges, with mortgage rates remaining above 6%, which dampens demand for new construction [1][6] Long-term Prospects - Despite current challenges, long-term prospects are positive due to federal investments in infrastructure and global supply-chain reinvestment, which provide a strong growth backdrop [2][7] - Companies are focusing on efficiency through cost-saving initiatives, digital solutions, and acquisitions to capitalize on these trends [2][9] Key Trends - Tariff policies are reshaping the industry by increasing costs and disrupting supply chains, which is expected to slow commercial construction activity [4] - Rising costs related to transportation, materials, and labor are compressing margins and affecting operating performance [5] Market Performance - The Zacks Building Products - Miscellaneous industry has underperformed the broader Zacks S&P 500 Composite and the Zacks Construction sector over the past year, gaining only 4.7% compared to the sector's 7.8% and the S&P 500's 22.1% [10][14] - The industry's Zacks Industry Rank is 159, placing it in the bottom 35% of over 250 Zacks industries, indicating bleak near-term prospects [10][11] Earnings Outlook - Analysts have reduced the earnings estimates for the industry, with projections for 2026 decreasing from $4.67 to $4.50 per share [12] - The industry's earnings outlook is closely tied to the U.S. housing and renovation markets, which are facing challenges due to high mortgage rates and supply constraints [6] Company Highlights - **Argan, Inc. (AGX)**: Positioned for growth in power and renewable energy projects, with a 79% gain over the past year and upward earnings estimate revisions indicating strong future growth [20][21] - **Installed Building Products, Inc. (IBP)**: A leading installer of residential insulation, with a 60.3% gain over the past year and a focus on operational efficiency and market resilience [26][27] - **Frontdoor, Inc. (FTDR)**: Offers home warranties and is benefiting from a scalable platform, with a 6.6% gain over the past year and increasing earnings estimates [30][32] - **Gibraltar Industries, Inc. (ROCK)**: Focused on residential building products, with a long-term constructive outlook despite a 9.6% loss over the past year, and upward earnings estimate revisions [35][36]

Core Insights - The article emphasizes the potential for mid-cap AI stocks to generate significant wealth as the AI industry continues to grow, highlighting the success of Nvidia as a benchmark for potential gains [2]. Group 1: Cipher Mining - Cipher Mining has transitioned to AI infrastructure, experiencing substantial growth, with its stock value tripling in 2025 [4]. - The company secured a 15-year, $5.5 billion deal with Amazon Web Services, providing 300 megawatts of capacity [6]. - Cipher Mining's energy pipeline has expanded to 3.4 gigawatts, allowing for the potential of 10 additional similar deals, generating approximately $367 million annually [7]. - The company aims to generate billions in annual recurring revenue by the end of 2026, indicating a strong demand for AI data centers across the U.S. [8]. Group 2: Ondas Holdings - Ondas Holdings, a mid-cap stock focused on AI-powered drones, saw its stock nearly quadruple in 2025, with a market cap of $3 billion [9]. - The company reported $10.1 million in revenue for Q3, marking a 60% quarter-over-quarter increase, and set a preliminary target of $110 million for 2026 [11]. - Ondas Holdings is actively acquiring companies to enhance its market position and has received $10 million in new autonomous systems orders, indicating strong commercial demand [12]. Group 3: Argan - Argan specializes in constructing AI data centers and currently has a record backlog of $3 billion, under contract for about 6 gigawatts of power-generating assets [14]. - Despite a slight dip in revenue year-over-year for fiscal Q3 2026, the backlog is expected to support accelerated revenue growth [16]. - The company has seen its stock more than double in 2025 and increase by approximately 600% over the past five years, reflecting strong market demand for AI infrastructure [17].

Company Overview - Argan is a diversified engineering and construction firm focusing on power generation, renewable energy, and infrastructure markets, leveraging technical capabilities and project management expertise to deliver complex projects for utility and industrial clients nationwide [6][9] - As of the latest market close, Argan's stock price is $325.96, with a market capitalization of $4.52 billion, revenue of $915.03 million, and net income of $119.93 million for the trailing twelve months (TTM) [4] Recent Developments - Alpine Investment Management initiated a new position in Argan, acquiring 60,000 shares valued at approximately $16.20 million as of September 30, which now accounts for 13.62% of Alpine's reportable U.S. equity assets [2][3] - Argan's stock has increased by 127% over the past year, significantly outperforming the S&P 500's 17% gain during the same period [3] Financial Performance - In the third quarter, Argan reported a net income of $30.7 million, or $2.17 per share, with EBITDA climbing to $40.3 million and margins expanding to 16% [10] - For the first nine months of the fiscal year, net income increased by over 60% year over year, and the company ended the quarter with over $726 million in cash and investments, with no debt [10] Project Backlog - Argan reported a record project backlog of approximately $3.0 billion, more than double the amount at the start of the fiscal year, primarily driven by new gas-fired power projects in Texas [7] - This backlog indicates years of revenue already secured, rather than mere projections [7] Market Position - The company's focus on hard assets and cash generation aligns with current investment trends, suggesting that Argan's stock has potential for further growth based on its backlog, margins, and liquidity [11]

Core Insights - Argan has significantly outperformed the S&P 500, doubling its stock value this year compared to a 16% increase in the index [5][7] - The company has achieved an 868% return over the past three years and a 692% return over the past five years, despite a dip from 2020 to 2022 [5][7] - Argan has a strong financial position with a $3 billion backlog and a market cap of approximately $4.5 billion, indicating potential for future growth [9] Company Performance - Argan's stock price increased by 3.72% to $11.69, with a market cap of $4.5 billion [6] - The stock has a gross margin of 19.08% and a dividend yield of 0.50%, with a recent quarterly dividend increase of 33% from $0.375 to $0.50 per share [8] - The company reported a 2.3% year-over-year revenue decline in Q3 of fiscal year 2026, attributed to project timing and mix [8][9] Market Comparison - Over the past three years, the S&P 500 has increased by 78%, while Argan's performance has far exceeded this, demonstrating its strong market position [7] - The stock's performance from 2020 to 2022 was lackluster, but it has shown significant recovery and growth in 2023 and is expected to continue this trend [9][10]