Latest news with #AGX
Yahoo
6 days ago
- Business
- Yahoo
Argan: Fiscal Q1 Earnings Snapshot
ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Argan Inc. (AGX) on Wednesday reported fiscal first-quarter earnings of $22.6 million. The Rockville, Maryland-based company said it had profit of $1.60 per share. The builder of energy plants posted revenue of $193.7 million in the period. Argan shares have climbed 58% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $216.60, more than tripling in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AGX at
Yahoo
07-05-2025
- Business
- Yahoo
Argan (NYSE:AGX) Amends Bylaws To Limit Officers' Liability
Argan recently saw its share price rise by 41% last month amid several influential events. Most notably, the company's proposal to amend its bylaws to limit the personal liability of officers reflects a significant governance change, while an increase in its equity buyback plan by $25 million could have bolstered investor confidence. Additionally, the appointment of Lisa Larroque Alexander to the board brought new expertise to leadership. These developments came despite a mixed market environment, with broader markets relatively flat as investors awaited significant interest rate decisions and trade discussion outcomes. Overall, these corporate actions could have positively supported Argan's shareholder returns. Argan has 1 weakness we think you should know about. NYSE:AGX Revenue & Expenses Breakdown as at May 2025 We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent developments at Argan, including the proposed bylaw amendments and a bolstered equity buyback plan, could potentially fortify investor confidence by reinforcing governance and demonstrating a commitment to shareholder returns. These actions might also enhance Argan's operational continuity and leadership strength with the addition of Lisa Larroque Alexander to the board. In terms of revenue and earnings projections, the increased project backlog and strategic expansions in natural gas and solar energy projects suggest promising growth prospects. However, the focus on large-scale projects introduces execution risks which could impact both revenue and net margins. Over the last five years, Argan's total shareholder return, which factors in both share price and dividends, was a very large 470.76%, signaling substantial value creation over the period. This performance eclipses the broader market and was underpinned by significant earnings growth, as illustrated by a 164.1% increase in earnings over the past year compared to the Construction industry average of 32.2%. In the shorter term, with a price target of US$150, the current share price of US$153.41 represents a minor 2.3% premium, suggesting analysts view the stock as fairly priced at present. Investors should consider this in tandem with the company's robust revenue growth forecast of 11.4% per year, slightly exceeding the US market's 8.4%. Examine Argan's earnings growth report to understand how analysts expect it to perform. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
24-03-2025
- Automotive
- Yahoo
GM's Partnership with Nvidia Could Change Driving Forever
General Motors is doubling down on artificial intelligence and automation by teaming up with Nvidia to develop its next generation of vehicles, factories, and robots. This collaboration marks a strategic shift for GM following the collapse of its Cruise robotaxi division last year. Instead of going solo, the automaker is tapping into Nvidia's expertise in AI and accelerated computing to build more advanced driver assistance systems (ADAS) and other autonomous technologies. At the core of this partnership is Nvidia's Drive AGX system-on-a-chip (SoC), which will be integrated into future GM vehicles. These high-performance chips will enable Level 2 and above ADAS features, which can handle lane-keeping, adaptive cruise control, and other driver assistance capabilities. While GM has not specified which AGX chip it will use, Nvidia's offerings include the AGX Orin (capable of 254 trillion operations per second) and the more advanced AGX Thor (delivering up to 1,000 trillion operations per second). Self-driving technology requires immense processing power to analyze data from cameras, radar, and sensors in real-time. Nvidia's AI chips are designed to handle these complex tasks, running neural networks that help vehicles detect objects, plan routes, and make driving decisions with minimal human intervention. GM's renewed focus on AI-powered driving comes after the company shut down its Cruise robotaxi operations in late 2024. The closure followed a high-profile accident that led to regulatory scrutiny and public skepticism. However, GM's interest in automation remains strong, just with a more measured approach. Instead of launching fully autonomous vehicles in the near future, GM appears to be focusing on enhancing its ADAS capabilities — systems that require driver supervision but can handle many driving tasks independently. Currently, the automaker's Super Cruise hands-free system has over 360,000 vehicles on the road, and its popularity suggests that consumers are still interested in advanced driving assistance, even if full autonomy is not yet viable. Despite the hype surrounding autonomous vehicles, the industry has yet to deliver a fully self-driving car for the mass market. Waymo, a subsidiary of Google-parent Alphabet, is the only company operating robotaxis at scale in the U.S. Meanwhile, Tesla has announced plans to launch its own robotaxi service in Austin by June, though CEO Elon Musk's ambitious autonomy timelines have historically been overly optimistic. By partnering with Nvidia, GM gains access to cutting-edge AI and computing power without having to build the technology from scratch. Nvidia already works with leading automakers like Toyota, Mercedes-Benz, Volvo and several Chinese brands, positioning itself as a dominant player in the self-driving space. While GM's partnership with Nvidia signals a commitment to automation, it remains unclear how quickly consumers will see the benefits. The company has not specified whether it will use this technology for consumer vehicles or future robotaxi services. Given its past struggles with Cruise, though, GM may prioritize improving ADAS in its current lineup before making another attempt at full autonomy. For now, the race to develop self-driving cars is still wide open. But with Nvidia's AI expertise in its corner, GM has a stronger shot at staying competitive in the evolving landscape of automated driving.
