Argan Powers The AI Engine - Reiterate Hold

Argan's backlog across renewables and gas-fired plants reached $2.8 billion, positioning it to benefit from data center and power generation capex trends. The stock trades at a steep P/E of 56.64x and a 3Y PEG of 2.87x. The author reiterates a Hold rating, citing mixed risk/reward at current inflated levels.