Primoris Services Corporation (PRIM) Securities Fraud Class Action Lawsuit Filed; September 21, 2026, Lead Plaintiff Deadline

Primoris Services Corporation (PRIM) faces a securities fraud class action lawsuit over alleged misstatements about costs and risks of renewable energy projects. The class period is August 5, 2025, to June 22, 2026, with a lead plaintiff deadline of September 21, 2026. The lawsuit follows stock price declines tied to financial results and leadership changes.

Bragar Eagel & Squire, P.C. announced a class action lawsuit against Primoris Services Corporation (NYSE:PRIM) for alleged misstatements during August 5, 2025 to June 22, 2026. The firm claims Primoris understated project costs and risks, leading to stock price drops. Investors have until September 21, 2026 to apply for lead plaintiff status. Primoris reported Q1 2026 results below expectations and reduced EBITDA guidance to $480-$500 million. The stock fell 50.11% on May 6, 2026 and 21.6% on Ju

Primoris Services Corporation (PRIM) faces a class action lawsuit alleging misleading 2026 guidance. The company reduced Adjusted EPS from $5.80-$6.00 to $2.05-$2.60 and Adjusted EBITDA from $560M-$580M to $275M-$325M due to renewable energy project issues. PRIM shares dropped 21.6% on June 23, 2026. The lead plaintiff deadline is September 21, 2026.

Primoris Services Corporation (PRIM) faces a class action lawsuit alleging misrepresentations about its disciplined bidding and project controls for renewable energy projects. The lawsuit claims investors suffered losses after an internal review revealed cost overruns and delays in six projects, causing PRIM shares to drop 21.6% on June 23, 2026. The complaint alleges deficient estimating processes and project oversight affected financial results.

Primoris Services (NYSE:PRIM) reported Q2 earnings call highlights. Management said its renewables portfolio is within expectations, with some projects above and some below original margins, and six projects are the remediation focus. The company guided 2026 energy gross margins of 6% to 8%, maintained 2026 EPS of $1.30 to $1.85 (adjusted $2.05 to $2.60), but cut 2026 free cash flow to $150M to $200M. Backlog ended near $13.9B, up about $2.2B.

Primoris Services (PRIM) reported Q2 adjusted EPS loss of $0.27 versus a Zacks consensus loss of $0.35, and revenues of $1.69B versus an estimate missed by 0.51%. Year-ago EPS was $1.68 and revenue was $1.89B. The article cites a Zacks Rank #4 (Sell) and upcoming consensus EPS of $0.80 on $2.13B revenue for the next quarter.