Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Receives Notice to Proceed on 1.8 Gigawatt Power Project
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 today that its wholly owned subsidiary, Gemma Power Systems (“Gemma”), received Notice to Proceed with engineering, procurement and construction activities under a contract for a 1,875 MW natural gas-fired power plant in Guernsey County, Ohio. Construction of this state-of-the-art combined cycle facility is scheduled to begin immediately with completion scheduled in 2022. The three single-shaft power trains for the facility will be provided by General Electric Company utilizing 7HA.02 gas-fired turbines. The Guernsey Power Station is being jointly developed by Caithness Energy, L.L.C. and Apex Power Group, LLC.“Caithness is excited to begin construction and to be partnering again with Gemma on this important project. Gemma has been a good member of the local communities in which it does business. Gemma also has maintained an excellent safety record in completing its power plant projects.
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AGX
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- Argan, Inc. Reports Third Quarter Fiscal 2025 Results [Yahoo! Finance]Yahoo! Finance
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- Argan, Inc. (NYSE: AGX) was downgraded by analysts at Lake Street Capital from a "buy" rating to a "hold" rating. They now have a $150.00 price target on the stock, up previously from $85.00.MarketBeat
AGX
Sec Filings
- 12/20/24 - Form 4
- 12/18/24 - Form 144
- 12/16/24 - Form 4
- AGX's page on the SEC website