Buy This Ai Stock

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Buy This Ai Stock

This AI Stock Gained 155%. Here's Why You Should Buy It

Argan stock gained 154.9% during 1H2026. It's an incredible gain, and it was mainly driven by Argan's position in the ongoing electrification trend.

AI data centers need a lot of power. However, it takes a lot of time to get the electricity from the grid. Also, the current grid system can't handle the increased power requirements. It could easily take several years before the grid can handle the demand.

Argan Is An EPS Service Provider

Amidst all of this, Argan comes into play! The company is an EPS service provider. It deals in the teledata, industrial, and power sectors. It gets 80% of its revenue from the power sector, while the other sectors contribute the rest. The data from FY 2026 so far shows that the electricity business is the clear growth driver for Argan.

In Argan's power business, the company provides EPC to electric utilities and power producers. The company's backlog is also full due to high power demand from AI data centers.

For example, Argan's revenue in FY2026 was $945 million. However, the current backlog is worth $2.8 billion. This clearly shows that Argan is riding the electrification bandwagon.

Now, the big question is whether the backlog growth is sustainable? Recently, the CEO commented that they are expecting to add a few new projects in the next 10-18 months. From the looks of it, it does look like Argan is set to continue with its backlog growth.

One easy way to measure the backlog growth of Argan is to look at the equipment backlog of power equipment companies. The companies to watch are Siemens Energy, Mitsubishi Power, and GE Vernova.

Overall, Argan stock is a good option to ride the electrification trend. The power need will stay high as the AI data centers continue to expand. Amidst all of this, you can secure sizeable upside by buying Argan stock.

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