Argan, Inc. (NYSE:AGX) is looking for acquisition opportunities. David Watson, Chief Executive Officer said during the earnings release conference call for the first fiscal quarter ended April 30, 2024, "Our pipeline is strong and diverse. And as we continue to move through fiscal 2025, we believe we are extremely well positioned to expand our leadership role as a partner of choice for the design and construction of the power resources needed to address the increasing consumption demands driven by data centers, manufacturing facilities and EV adoption.

To close, we remain focused on our long-term growth strategy, leveraging our core competencies to capitalize on existing and emerging market opportunities; maintain disciplined risk management, with the goal of improving our project management effectiveness and minimizing costly project overruns; strengthen our position as a partner of choice in the construction of low- and net zero emission power generation facilities as the industry transitions to cleaner energy alternatives while maintaining grid reliability; and last but not least, drive organic growth, while also being alert for acquisition opportunities that make sense for our business through thoughtful capital allocation".