A securities fraud class action lawsuit has been filed against Primoris Services Corporation on behalf of investors who purchased shares between August 5, 2025 and June 22, 2026. The complaint alleges the company made materially false and misleading statements and failed to disclose deficiencies in its cost estimation and project oversight for significant fixed-price renewable energy projects, leading to underestimated costs and risks. The lawsuit follows a series of disclosures that caused Primoris' stock to drop sharply, including a 50.11% decline on May 6, 2026 after the company slashed its full-year adjusted EBITDA guidance from $560-$580 million to $480-$500 million. Investors have until September 21, 2026 to seek lead plaintiff status.
