Closing Bell Movers: Hims & Hers down nearly 20% on earnings miss
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- Complete Exit: Goodlander Investment Management sold all 275,000 shares of Primoris in Q4 2025 for approximately $37.77 million, eliminating its exposure to the company and reflecting a cautious stance towards market volatility.
- Performance Review: Primoris reported revenue of about $7.6 billion for 2025, a 19% increase year-over-year, with Q4 revenue alone at $1.9 billion and adjusted EBITDA rising 22% to $531 million, indicating strong growth potential in the infrastructure sector.
- Market Performance: As of February 17, 2026, Primoris shares were priced at $162.38, up 124.2% over the past year, significantly outperforming the S&P 500's nearly 20% return, reflecting optimistic market expectations for its future growth.
- Portfolio Adjustment: While Goodlander exited Primoris, it still holds several infrastructure and industrial investments, suggesting that this move is more about portfolio rebalancing rather than a broad rejection of the infrastructure theme.
- Position Change: Goodlander Investment Management sold 275,000 shares of Primoris in Q4 2025, resulting in a $37.77 million decrease in net position value, indicating a complete exit from Primoris, which previously constituted 14.4% of the fund's AUM.
- Performance Review: Primoris reported approximately $7.6 billion in revenue for 2025, a 19% increase year-over-year, with Q4 revenue alone at $1.9 billion and adjusted EBITDA rising 22% to $531 million, showcasing the company's strong growth potential in infrastructure solutions.
- Market Reaction: Primoris shares surged over 120% in the past year, significantly outpacing the broader market and raising valuation expectations, leading investors to lock in gains at this time, reflecting a reassessment of future risks.
- Portfolio Adjustment: While Goodlander exited Primoris, it still holds several infrastructure and industrial investments, indicating that this exit appears more as a portfolio rebalancing rather than a broad rejection of the infrastructure theme.

- Small-company stocks gaining attention: Investors are increasingly focusing on small-company stocks as interest in artificial intelligence wanes.
- Market dynamics shifting: The shift in investor sentiment indicates a broader change in market dynamics, moving away from tech-heavy investments.
- Potential for growth: Small-company stocks are seen as having significant growth potential, attracting more capital as investors seek new opportunities.
- Economic implications: This trend may reflect changing economic conditions and investor strategies in response to market fluctuations.
- Significant Performance Growth: Primoris achieved nearly $1.9 billion in revenue for Q4 2025, an increase of $116.4 million year-over-year, with full-year revenue approaching $7.6 billion, primarily driven by double-digit growth in both the Utilities and Energy segments, showcasing the company's strong market performance.
- Robust Backlog: The total backlog exceeded $11.9 billion at year-end, including nearly $3 billion in new contracts booked in the final quarter, indicating strong future growth potential and demand in the market.
- Optimistic Outlook: Management provided 2026 earnings guidance of $5.35 to $5.55 per share and adjusted EPS of $5.80 to $6, reflecting confidence in future performance, particularly in the growing sectors of renewables and natural gas generation.
- Cash Flow and Financial Health: The company reported over $470 million in operating cash flow for 2025, with a cash balance of $536 million and long-term debt of $470 million, indicating a net cash positive position that enhances its capacity for investment and expansion.
- Quarterly Dividend Announcement: Primoris Services declares a quarterly dividend of $0.08 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract income-seeking investors.
- Dividend Yield: The forward yield of 0.19% may be relatively low, yet it still provides ongoing returns for investors, reflecting the company's commitment to shareholder value.
- Earnings Performance Beat: Primoris Services reports a non-GAAP EPS of $1.08, exceeding expectations by $0.09, with revenue of $1.9 billion surpassing forecasts by $80 million, showcasing the company's robust performance in the energy and clean tech sectors.
- Investor Conference Participation: The company presents at the Goldman Sachs Energy, CleanTech & Utilities Conference, enhancing its visibility within the industry and potentially attracting more investor interest in its future growth prospects.

Market Opening: U.S. stock markets are set to open in two hours.
Evolution Metals & Technologies Corp. Performance: EMAT saw a significant increase of 21.9% in pre-market trading.
Keysight Technologies Inc. Performance: KEYS experienced a rise of 15.2% in pre-market trading.
Overall Market Sentiment: The pre-market gains indicate positive investor sentiment ahead of the market opening.







