Primoris Services Corporation functions as a prominent specialized contracting firm, offering a wide array of services that include construction, fabrication, upkeep, modernization, and advanced engineering expertise throughout the United States and Canada. The company's operations are divided into three primary divisions: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment focuses on installing and maintaining both new and existing natural gas distribution networks, electrical transmission and distribution systems, and communications infrastructure. Within the Energy/Renewables segment, Primoris delivers comprehensive services such as engineering, procurement, and construction (EPC), alongside major civil projects like highway and bridge construction, demolition, site preparation, mass excavation, and flood control. This segment also provides retrofits, upgrades, repairs, and routine maintenance for industries ranging from renewable energy and energy storage to renewable fuels, petroleum refining, petrochemicals, and state departments of transportation. Finally, the Pipeline Services segment concentrates on the construction, maintenance, and integrity management of pipelines, in addition to installing compressor and pump stations and metering facilities for clients in the petroleum and petrochemical sectors, as well as gas, water, and sewer utility providers. Founded in 1960, Primoris Services Corporation is headquartered in Dallas, Texas.

Perisich John M.

King David Lee

MCCALLISTER TERRY D

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.

Primoris Services (PRIM) Shares Crater 40% Intraday Amid Additional Renewables Revenue Shock, COO Departure – HBSS

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.

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Primoris Services Corporation - PRIM

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Primoris Services Corporation (PRIM) Stock Price, Analysis & Trade Signals