Primoris Services Corp
Primoris Services Corp (PRIM) Stock News
The latest PRIM headlines and market coverage — 4 recent stories, updated throughout the day.
- GlobeNewswire Inc.·
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.
- GlobeNewswire Inc.·
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.
- GlobeNewswire Inc.·
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.
- GlobeNewswire Inc.·
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 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.