Argan, with a $3 billion backlog, is benefiting from increased demand for electricity due to AI, winning more power plant construction contracts. Despite a slump from 2020 to 2022, patient investors saw returns as the company’s stock doubled this year. Argan has outperformed the S&P 500 with an 868% return over three years and a 692% return over five years. The company remains optimistic with projected enhanced profitability. While Argan wasn’t exciting in the past, it has shown significant growth in recent years. Consider the company’s trajectory before deciding to invest.

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