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Argan, Inc.'s Atlantic Projects Company Executes Platin Power Station Contract with SSE

1. AGX's subsidiary secured a contract to construct the Platin Power Station. 2. The project will enhance AGX's portfolio in the energy sector with Siemens turbines.

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Why Bullish?

Securing a substantial construction contract indicates growing revenue potential for AGX. Historical contracts in similar projects have positively impacted stock valuations in the past.

How important is it?

The contract represents a significant business development for AGX, likely influencing investor sentiment and future earnings.

Why Long Term?

Successful project execution could lead to future contracts, enhancing AGX's market position. Previous projects often lead to sustained partnerships, benefitting long-term growth.

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SSESIEMENS
ARLINGTON, Va.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that its wholly owned subsidiary, Atlantic Projects Company (“APC”), entered into an engineering, procurement and construction services contract for the Platin Power Station with SSE Thermal, part of the integrated energy group SSE plc. The project, located in County Meath, Ireland, will consist of three Siemens Energy SGT-800 turbines operating in open cycle mode with supporting balance of plant.

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