abubnic
$AGX JP Morgan says the market worries over the 2028 earnings outlook are overblown. He maintains a price target of $785 and says the current stock price is very attractive.
$AGX posted record Q2 earnings in early September and has a $2.5B backlog. The power segment saw a 53% YOY increase in revenue. Market concerns were that backlog dropped from $2.9B at FY-end to $2.5B as project execution outpaced new awards.
•$AGX has a strong cash position and no debt. It recently increased the dividend payout to $0.70/share, payable on Oct 30th to stockholders of record at the close of business on October 22. #Long
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