Robbins LLP reminds investors that a securities class action has been filed against Primoris Services Corporation for alleged misstatements about cost forecasting and project oversight. The lawsuit covers purchasers of Primoris securities between August 5, 2025 and June 22, 2026, and claims the company underestimated costs and risks on several fixed-price renewable energy projects, leading to artificially inflated stock prices. On June 22, 2026, Primoris disclosed significant cost overruns, project delays, and execution challenges affecting six renewable energy projects, along with a substantial reduction to its 2026 financial guidance and the resignation of its Chief Operating Officer, causing the stock to fall from $108.34 to $84.95 per share, a decline of approximately 21.6%. Investors who suffered losses have until September 21, 2026 to seek appointment as lead plaintiff.
Primoris Services CorporationSecurities class action and cost overruns led to guidance cut and stock drop.