Primoris Services Corporation · Industrials · Engineering & Construction
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$85.55
−$0.96 (−1.11%) 4:00 PM ET
Prev closePrevC$86.51
OpenOpen$87.41
Day highHigh$88.97
Day lowLow$82.84
VolumeVol1,220,593
Avg volAvgVol2,193,065
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Mkt cap
$4.69B
P/E ratio
18.84
FY Revenue
$7.49B
EPS
4.54
Gross Margin
10.38%
Sector
Industrials
AI report sections
MIXED
PRIM
Primoris Services Corporation
No AI report section text found yet for this symbol.
PRIM INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Primoris Services Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Law firm Robbins Geller Rudman & Dowd LLP announced class action lawsuits against Primoris Services Corporation for allegedly making false statements about cost estimation and project management in its renewable energy business. The lawsuit covers investors who purchased PRIM stock between August 5, 2025 and June 22, 2026. Primoris stock experienced significant declines following multiple negative disclosures about cost overruns and guidance reductions. The firm is seeking a lead plaintiff by September 21, 2026.
PRIMINTUPICSclass action lawsuitsecurities fraudrenewable energy projectscost overrunsmisleading statements
Sentiment note
Company faces securities fraud allegations for making false statements about cost estimation and project management. Stock experienced cumulative declines of approximately 95% across multiple disclosure events (8% on Feb 23, 50% on May 5, 15% on June 8, and 22% on June 22, 2026), indicating severe loss of investor confidence and significant operational challenges in renewable energy projects.
NegativeGlobeNewswire Inc.• Rosen Law Firm
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Primoris Services Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - PRIM
Rosen Law Firm has filed a class action lawsuit against Primoris Services Corporation on behalf of investors who purchased common stock between August 5, 2025 and June 22, 2026. The lawsuit alleges that Primoris made false and misleading statements regarding its cost estimation processes and project oversight for fixed-price renewable energy projects, which resulted in systematic underestimation of costs and risks. Investors who purchased stock during this period may be eligible for compensation.
The company is the subject of a securities class action lawsuit alleging deficient cost estimation processes, systematic underestimation of project costs, material cost overruns, and execution problems on renewable energy projects. These allegations indicate significant operational and financial mismanagement that harmed investors.
NegativeGlobeNewswire Inc.• Hagens Berman
Primoris Services (PRIM) Faces Securities Class Action After Second Major Selloff on Persistent Ineffective Project Management, COO Departure – HBSS
Primoris Services Corporation (PRIM) faces a securities class action lawsuit after two major stock selloffs in six weeks caused over $6 billion in market capitalization losses. The company allegedly misled investors about its project management capabilities and cost estimation processes for renewable energy projects. Disclosures in May and June 2026 revealed systemic underestimation of project costs across multiple solar projects, with 2026 renewables revenue expected to decline 30% from 2025 levels.
PRIMsecurities class actionproject management failuresrenewable energy projectscost overrunsmisleading financial statementsstock selloffinvestor losses
Sentiment note
Company faced two major stock crashes (50% and 21% declines) within six weeks, erasing over $6 billion in market value. Securities lawsuit alleges systematic misrepresentation of project management capabilities and cost estimation processes. Multiple renewable energy projects experienced significant cost overruns and execution failures, with 2026 revenue guidance cut by 30%.
Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Primoris Services Corporation and Encourages Investors to Contact the Firm
A class action lawsuit has been filed against Primoris Services Corporation for allegedly making false statements about its cost estimation and project oversight processes for fixed-price renewable energy projects. The company failed to disclose material cost overruns and execution problems, leading to significant stock price declines of 50.11% on May 6, 2026, and an additional 21.6% on June 22, 2026, after slashing financial guidance.
The company is accused of making false and misleading statements regarding its cost estimation processes and project management capabilities. Material cost overruns and execution problems on renewable energy projects were not properly disclosed, resulting in significant stock price declines (50.11% and 21.6%) and investor losses.
Primoris Services (PRIM) stock plummeted 40% intraday on June 23, 2026, following disclosure of additional cost overruns and challenges in its renewables business, which is expected to see a 30% revenue decline in 2026. The announcement came after a previous 50% stock drop in May when the company revealed significant Energy segment declines. The COO's abrupt departure and cumulative $7.8 billion market cap loss have prompted a securities fraud investigation by Hagens Berman.
PRIMstock declinerenewables businesscost overrunsrevenue declinesecurities fraud investigationmisleading statementsmarket capitalization loss
Sentiment note
Severe stock price declines (40% intraday, 50% previously), significant revenue and profit deterioration in core Energy/renewables segment, undisclosed cost overruns, COO departure, and ongoing securities fraud investigation indicating potential investor deception regarding operational performance and financial health.
NegativeGlobeNewswire Inc.• Pomerantz Llp
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Primoris Services Corporation - PRIM
Pomerantz LLP is investigating potential securities fraud claims against Primoris Services Corporation following significant stock price declines. The company slashed its full-year adjusted EBITDA guidance by approximately 17% in May 2026 due to lower renewable energy activity and project delays. In June, Primoris announced its COO's departure and disclosed additional cost overruns in its Renewables business, reducing expected 2026 revenue from $3.0 billion to $2.1 billion, causing a further 21.59% stock price drop.
Company experienced significant operational challenges including missed analyst expectations, substantial guidance cuts (17% EBITDA reduction), major cost overruns in renewable energy projects, COO departure, and consecutive sharp stock price declines (50.11% on May 6 and 21.59% on June 23, 2026). These factors indicate serious business deterioration and potential management issues, prompting securities fraud investigation.
NegativeGlobeNewswire Inc.• Block & Leviton Llp
SHAREHOLDER ALERT: Hub Group, Inc. Sued for Securities Law Violations; Investors Should Contact Block & Leviton To Learn How They Might Recover Their Losses
Hub Group, Inc. faces a securities fraud lawsuit after restating financial statements due to approximately $77 million in understatements of purchased transportation costs and accounts payable. The company's stock fell 18% in February 2026 and an additional 13% in May 2026 following disclosure of material misstatements in its 2023, 2024, and 2025 financial reports. Investors who purchased shares between April 28, 2023, and May 11, 2026, may be eligible to recover losses.
Company is under investigation for possible securities fraud with stock described as plummeting, indicating significant shareholder value destruction and regulatory concerns.
NegativeGlobeNewswire Inc.• Levi & Korsinsky, Llp
Levi & Korsinsky Announces Investigation of Securities Claims Against Primoris Services Corporation (PRIM)
Primoris Services Corporation (PRIM) stock plunged 21.6% on June 22, 2026, after the company slashed its FY 2026 net-income guidance by approximately 70%, from $223-234 million to $71-101 million. The dramatic revision, attributed to cost overruns and schedule delays on six renewables projects, contradicted management's optimistic guidance from just six weeks prior. The law firm Levi & Korsinsky is investigating potential securities law violations on behalf of investors who purchased PRIM shares at artificially inflated prices.
The company issued a dramatic 70% reduction in full-year net-income guidance, triggering a 21.6% intraday stock collapse. Management's prior guidance was significantly misaligned with actual performance, and the sudden departure of the COO coincided with the announcement. The lack of disclosure regarding project overruns in recent filings suggests potential misrepresentation to investors.
NegativeGlobeNewswire Inc.• Block & Leviton Llp
SHAREHOLDER ALERT: Cerebras Systems Inc. Investigated for Securities Fraud Violations by Block & Leviton; Investors Should Contact The Firm To Possibly Recover Losses
Block & Leviton is investigating Cerebras Systems Inc. (NASDAQ: CBRS) and Primoris Services Corp. (NASDAQ: PRIM) for potential securities law violations. Cerebras' stock fell over $40 per share following disappointing Q1 2026 earnings results, while Primoris shares have also declined significantly. Investors who purchased shares and experienced losses are encouraged to contact the firm.
CBRSPRIMsecurities fraudclass action investigationstock declineinvestor lossesIPOearnings miss
Sentiment note
Company is under investigation for possible securities law violations. Stock has plummeted, suggesting significant shareholder losses and potential fraudulent activity or misrepresentation.
Primoris Services (PRIM) stock plummeted 40% intraday on June 23, 2026, following disclosure of additional cost overruns and challenges in its renewables business, which is expected to see 30% revenue decline in 2026. The announcement also included the abrupt departure of the company's Chief Operating Officer. This marks the second major stock decline in less than two months, with combined losses exceeding $7.8 billion in market capitalization. Hagens Berman is investigating whether pre-May 5 statements about the renewables business misled investors.
Stock crashed 40% intraday due to disclosure of significant cost overruns and 30% revenue decline in core renewables business. Combined with previous 50% decline in May, the company has lost over $7.8 billion in market capitalization. Additional concerns include COO departure and potential securities law violations related to misleading prior statements about business performance.
NegativeGlobeNewswire Inc.• Ademi Llp
Shareholder Alert: Ademi LLP Investigates Claims of Securities Fraud against Primoris Services Corporation
Law firm Ademi LLP is investigating Primoris Services Corporation for possible securities fraud related to inaccurate financial statements and business operations disclosures. The investigation was triggered by Primoris's June 22, 2026 announcement updating its financial outlook and the departure of Chief Operating Officer Jeremy Kinch.
PRIMsecurities fraudfinancial statementsshareholder litigationCOO departurefinancial outlook update
Sentiment note
The company is under investigation for securities fraud involving inaccurate financial statements and business operations disclosures. Additionally, the departure of the COO and a downward financial outlook revision suggest operational and financial challenges.
NegativeGlobeNewswire Inc.• Holzer & Holzer, Llc
AVAV INVESTOR ALERT: Holzer & Holzer, LLC Reminds Investors of the July 27, 2026 Lead Plaintiff Deadline in the AeroVironment, Inc. Securities Class Action
Holzer & Holzer, LLC has filed shareholder class action lawsuits against AeroVironment, Inc., alleging false statements regarding competition for satellite communication work. The firm is also investigating Primoris Services Corporation and has filed a lawsuit against Black Rock Coffee Bar, Inc. Investors who suffered losses during specified periods are encouraged to contact the firm before the July 27, 2026 lead plaintiff deadline.
Company is under investigation by Holzer & Holzer, LLC regarding potential federal securities compliance violations, indicating potential corporate misconduct.
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