US Stock Market Move | Q4 performance exceeds expectations, Argan (AGX.US) soars over 30%

On Friday, Argan (AGX.US) surged over 30% after the earnings report, reaching a new historical high with a year-to-date increase of 71%. On the news front, on March 26, Argan announced Q4 revenue of $2.621 billion and earnings per share of $3.47, both exceeding market expectations. The company secured new contracts worth $2.5 billion for the 2026 fiscal year, with a project backlog of approximately $2.9 billion, providing strong assurance for future revenue. JPMorgan upgraded the company's rating from "neutral" to "overweight" and significantly increased the target price from $370 to $550.