Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Enters into an EPC Contract for a 650 MW Power Project in Connecticut
Argan, Inc. (AGX)
NASDAQ:AMEX Investor Relations:
arganinc.com/investor-center
Company Research
Source: Business Wire
ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announced that recently its wholly owned subsidiary, Gemma Power Systems (”Gemma”), entered into an engineering, procurement and construction (“EPC”) services contract with NTE Connecticut, LLC to construct Killingly Energy Center, a 650 MW natural gas-fired power plant in Killingly, Connecticut. The power train will be provided by Mitsubishi Hitachi Power Systems Americas, Inc. (“MHPS”) which will utilize an M501JAC gas turbine and a TC2F steam turbine in a multi-shaft configuration. The facility is being developed by NTE Energy, LLC (“NTE”). Construction activities are scheduled to start in 2020.“This will be the fourth project for the team of NTE, MHPS and Gemma and we are thrilled to have the opportunity to design and build another state-of-the-art energy project and to have it located in our home state of Connecticut. This project provides Gemma with another opportunity to use Connecticut labo
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News
- Argan, Inc. (NYSE:AGX) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Argan, Inc. (NYSE: AGX) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Argan, Inc. (NYSE: AGX) had its price target raised by analysts at Lake Street Capital from $61.00 to $70.00. They now have a "buy" rating on the stock.MarketBeat
- Argan, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results [Yahoo! Finance]Yahoo! Finance
- Argan, Inc. Reports Fourth Quarter and Fiscal Year 2024 ResultsBusiness Wire
AGX
Sec Filings
- 4/30/24 - Form ARS
- 4/30/24 - Form DEFA14A
- 4/30/24 - Form DEF
- AGX's page on the SEC website