$PRIM

Primoris Services (PRIM) shares dropped 37% premarket after KeyBanc downgraded the stock to 'Sector Weight' due to a lowered full-year forecast and C-suite departure. The company cited challenges in its renewables business and higher operating costs. KeyBanc and Wells Fargo expressed concerns over project losses and lack of clarity. PRIM's 2026 revenue guidance was cut to $2.1B, and EPS outlook was halved to $2.05-$2.60.

Primoris Services Corp (PRIM) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 ​ ​ Primoris Services Corporation Announces Appointments of James A. Greer and Oscar K. Brown to Board of Directors ​ Dallas, TX – August 31, 2026 – Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced the appointments of James A.

A shareholder lawsuit was filed against Primoris Services (PRIM) in August 2026, alleging deficient cost controls and project oversight on renewable energy projects, leading to understated risks and cost overruns. The lawsuit focuses on Primoris' project risk management, a critical area for its business. The company cut its full-year net income guidance in June 2026, citing renewable project issues. Analysts have varying revenue and earnings forecasts for the company by 2029.

Primoris Services (PRIM) said Wellington Management Group and affiliates filed a Schedule 13G showing beneficial ownership of 4,675,487 shares, or 8.62% of Primoris common stock, as of June 30, 2026. The stake is held for advisory clients with shared voting and dispositive power; no single client is reported above 5%.

Simply Wall St reports Primoris Services (PRIM) is in focus after a quarterly net loss and a record $13.9b backlog. The company kept full-year earnings guidance but trimmed free cash flow expectations. The stock closed at $82.63, with a stated fair value of $128.79. The article cites PRIM’s renewables and battery storage demand tailwinds.

AP reports that apparel brands are expanding in-store repairs and mending workshops to attract Gen Z and support sustainability. Levi Strauss is rolling out its Wear Longer handstitching course across U.S. stores. Zara, Primark, Uniqlo and H&M are also offering resale and repair services. Analysts say economics and limited environmental impact remain challenges.

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.

Barclays analyst Matthew Bouley reiterated a Buy on Louisiana-Pacific (LPX) with a $92 target; shares closed at $77.36. Barclays analyst Tim Long reiterated a Buy on Axon Enterprise (AXON) with a $688 target; shares closed at $609.49. KeyBanc analyst Sangita Jain kept Primoris Services (PRIM) at Hold; shares closed at $83.40. Consensus targets suggest upside for LPX and AXON, mixed for PRIM.

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.

Primoris (NYSE:PRIM) reported Q2 CY2026 results. Revenue fell 10.7% year on year to $1.69 billion, missing Wall Street’s sales expectations. Non-GAAP adjusted EPS was a loss of $0.27 per share, above analysts’ consensus. The company reported backlog of $13.86 billion and guided for full-year EPS growth from $3.28 to $4.09.