NEW YORK, NY--(Marketwire -02/23/12)- AMI Research (http://www.amistockreports.com), a leading provider of equity research reports and a division of IR Firm, Hawk Associates Inc., announced today that it has initiated equity research coverage on Argan, Inc. (AMEX: AGX - News).
AMI president Peter J. D'Agostino said, "Argan is poised for growth as the demand for power generation in the US rebounds. We expect Argan to see an uptick in new business and we expect strong top and bottom line growth this year and next, as projects in the company's backlog are completed. We also are impressed with Argan's cash position, which we expect to be leveraged."
AMI Research provides an institutional-quality, equity research initiation report detailing Argan's key statistics, management, growth catalysts, financial outlook and valuation. The complete 8-page report is available to download for free at the AMI Research website, http://www.amistockreports.com/AGX_initiation.pdf.
About Argan, Inc.
Headquartered in Rockville, MD, Argan was founded in 1961. Argan, Inc. (AMEX: AGX - News) provides a full range of engineering, procurement, construction, commissioning, maintenance and consulting services to the power generation and renewable energy markets for a wide range of customers including public utilities and independent power project owners. Also, the company provides telecommunications infrastructure services including project management, construction, installation and maintenance to commercial, local government and federal government customers primarily in the Mid-Atlantic region. For additional information about Argan, Inc., visit http://www.arganinc.com.
About AMI Research
AMI Research is a wholly owned subsidiary of Hawk Associates and provides fundamental business analysis for promising companies that do not have traditional Wall Street analyst coverage. AMI Research creates comprehensive and quality equity research reports for small cap and microcap companies that need to reach investors. These detailed reports provide retail, individual and institutional investors with an in-depth understanding of a company's intrinsic value and its technology. The AMI equity research reports detail the company's industry, strategic position, core business model, financial history and future growth catalysts. Please visit http://www.amistockreports.com.
AMI Research abides by the Best Practice Guidelines Governing Analyst and Corporate Issuer Relationships, developed by the CFA Institute in conjunction with the National Investor Relations Institute (NIRI). The cost of a one-year continuing research program is $16,000 prepaid for four research reports. AMI does not accept payment of fees in company shares. All AMI Research and Hawk Associates personnel are prohibited from trading in securities of covered companies. Neither the analyst's compensation nor the compensation received by AMI Research is in any way related to the specific ratings or views contained in this research report.