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Primoris Services (PRIM) Faces Securities Class Action After Second Major Selloff on Persistent Ineffective Project Management, COO Departure – HBSS
GlobeNewswire Inc.·
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.
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