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

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.