Jun. 22 at 8:08 PM
$AGX $GEV I'm up +324% on
$AGX from a year ago, but personally, I think it is getting overextended.
$AGX had a blowout quarter, ending Q1 with over
$973M in cash, cash equivalents, and investments, and with zero debt. This was their 4th consecutive earnings beat. They have authorized
$200M in buybacks.
$AGX management expects Q2/FY2027 revenue to reach approximately
$294M, supported by a growing
$2.8B backlog of energy infrastructure projects.
$AGX Power Industry Services drives 78% of consolidated revenue. Natural gas infrastructure makes up 67% of its backlog. This includes a new contract for four US gas plants.
•High demand and limited equipment supply have created pricing tailwinds, allowing engineering, procurement, and construction companies like
$AGX to raise rates on new bidding and project awards. Turbine manufacturers like
$GEV are part of the supply chain bottleneck, and the grid depends on them. They are fully booked through 2030.
