The Portnoy Law Firm has announced a class action lawsuit on behalf of investors who purchased Primoris Services Corporation securities between August 5, 2025 and June 22, 2026. The lawsuit alleges potential violations of federal securities laws following a series of disclosures that caused significant stock price declines. On February 23, 2026, Primoris reported increased costs on renewable energy projects and margin compression, leading to an 8.28% drop. Further declines occurred after May 5, 2026 guidance cuts and a June 8, 2026 executive departure, culminating in a 21.59% fall on June 22, 2026 when the company slashed its full-year 2026 Adjusted EPS guidance to $2.05-$2.60 and announced its COO's resignation. Investors have until September 21, 2026 to file a lead plaintiff motion.
Primoris Services CorporationClass action lawsuit alleging securities law violations after multiple negative disclosures including cost overruns, guidance cuts, and executive departure.