Glancy Prongay Wolke & Rotter LLP reminds investors that the deadline to file a lead plaintiff motion in the securities fraud class action against Primoris Services Corporation is September 21, 2026. The lawsuit covers investors who purchased or acquired Primoris securities between August 5, 2025 and June 22, 2026. The complaint alleges that the company made materially false or misleading statements and failed to disclose deficiencies in its cost estimation and project oversight processes, leading to systematic underestimation of costs and risks on fixed-price renewable energy projects. Primoris's stock price fell sharply on multiple disclosures, including an 8.3% drop on February 24, 2026 after revealing increased costs and margin compression, a 50.11% plunge on May 6, 2026 after slashing full-year adjusted EBITDA guidance from $560-$580 million to $480-$500 million, and a further 21.6% decline on June 22, 2026 following the announcement of its Chief Operating Officer's departure and a further cut to its financial outlook, partly due to cost overruns and delays on six projects.
Primoris Services CorporationSecurities fraud class action alleges false statements and cost underestimation, leading to multiple stock declines.
