Pomerantz LLP is investigating claims on behalf of investors of Primoris Services Corporation concerning potential securities fraud or unlawful business practices. The investigation follows Primoris's May 5, 2026 earnings release that missed analyst expectations and cut full-year adjusted EBITDA guidance from $560-$580 million to $480-$500 million, citing lower renewable energy activity, delayed project starts, and increased costs. On that news, Primoris's stock fell $101.69 per share, or 50.11%, to close at $101.23 on May 6, 2026. Then on June 22, 2026, the company announced the departure of its Chief Operating Officer and disclosed additional challenges and cost overruns in its Renewables business, lowering its full-year 2026 Renewables revenue expectation to approximately $2.1 billion from approximately $3.0 billion in 2025. The stock dropped another $23.39 per share, or 21.59%, to close at $84.95 on June 23, 2026.
Primoris Services CorporationMissed earnings and cut guidance, followed by COO departure and further revenue reduction.