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PRIM Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
104.810
Open
103.220
VWAP
102.07
Vol
1.77M
Mkt Cap
5.50B
Low
100.090
Amount
180.59M
EV/EBITDA(TTM)
11.99
Total Shares
54.25M
EV
5.59B
EV/OCF(TTM)
19.84
P/S(TTM)
0.74
Primoris Services Corporation is a provider of critical infrastructure services to the utility, energy, and renewables markets throughout the United States and Canada. It provides a range of construction, maintenance, replacement, fabrication, and engineering services to a diversified base of customers through its two segments: Utilities, and Energy. Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. It provides services to a diversified base of customers, under a range of contracting options.
Show More

Events Timeline

(ET)
2026-06-09
12:10:00
Primoris Shares Down 16.7%
select

News

Newsfilter
9.5
06-19Newsfilter
PinnedPrimoris Services Corporation Shares Plunge 50% Amid Revenue Declines
  • Stock Price Crash: Primoris Services Corporation's shares plummeted 50% on May 6, 2026, dropping from $101.69 to $50.85, resulting in a market capitalization loss of approximately $5.5 billion, indicating severe market concerns regarding its financial health.
  • Significant Revenue and Profit Declines: The company reported a staggering $152.9 million (13.8%) year-over-year decline in revenues for its Energy segment, with gross profits plunging nearly 40%, highlighting substantial challenges within its renewables business that adversely affected overall performance.
  • Management Acknowledges Issues: CEO Koti Vadlamudi admitted during the earnings call that multiple solar projects faced cost pressures leading to poor financial results, citing project redesigns, labor management issues, sequencing errors, and weather disruptions as key factors behind the margin collapse.
  • Shareholder Rights Investigation: Following the inadequate disclosure of the health of its renewables business prior to the financial report, Hagens Berman has initiated an investigation, urging affected investors to submit their losses to assist in the inquiry.
PRnewswire
7.0
06-19PRnewswire
Primoris Services Corporation Shares Plunge 50% Amid Revenue Declines
  • Stock Price Crash: Primoris Services Corporation's shares plummeted 50% on May 6, 2026, dropping from $101.69 to $50.84, resulting in a market capitalization loss of approximately $5.5 billion, indicating severe market concerns about its financial health.
  • Significant Revenue Decline: The company reported a staggering $152.9 million (13.8%) year-over-year revenue drop in its Energy segment, with gross profits nearly plunging 40%, highlighting critical challenges in its renewables business that adversely affected overall performance.
  • Management Confidence Shattered: Although management previously expressed optimism about accelerating project timelines for 2026, CEO Koti Vadlamudi admitted during the May earnings call that multiple solar projects faced cost pressures, leading to a collapse in financial results and eroding market confidence.
  • Shareholder Rights Investigation: In light of the questionable financial disclosures, Hagens Berman has initiated an investigation focusing on Primoris' statements regarding the health of its renewables business prior to the earnings report, which could have implications for future legal liabilities.
CNBC
6.5
06-11CNBC
Transocean's Positive Outlook on EQT and Natural Gas
  • Positive Outlook on EQT: Transocean executives express strong enthusiasm for EQT, particularly highlighting the potential of natural gas in the Devon narrative, indicating confidence in the energy market and expectations for future growth.
  • Executive Changes at Primoris Services: The resignation of a beloved executive has negatively impacted Primoris Services' stock, and the conflicting signals between insider buying and the executive's departure create uncertainty regarding the company's future decisions.
  • Market Advice from Applied Optoelectronics: Executives at Applied Optoelectronics recommend investors consider Corning, suggesting a strategic shift in technology choices that could affect their competitive position in the market.
  • BlackBerry's Technological Appeal: BlackBerry is viewed as having attractive technology, although executives indicate a cautious approach to purchasing, which may influence investor confidence and market timing strategies.
Globenewswire
7.0
05-19Globenewswire
Primoris Services Corporation Under Investigation for Securities Fraud
  • Disappointing Financial Performance: Primoris reported first-quarter 2026 results with adjusted EBITDA guidance slashed from $560-$580 million to $480-$500 million, primarily due to reduced renewable energy activity and delayed project starts, indicating significant operational challenges ahead.
  • Stock Price Plunge: Following the disappointing earnings report, Primoris's stock price plummeted by $101.69, or 50.11%, closing at $101.23 on May 6, 2026, reflecting strong investor concerns regarding the company's future prospects.
  • Legal Investigation Initiated: Pomerantz LLP is investigating whether Primoris and its executives engaged in securities fraud or other unlawful business practices, which could expose the company to legal liabilities and further damage its market reputation and shareholder confidence.
  • Severe Market Reaction: The combination of financial warnings and legal scrutiny has significantly eroded market confidence in Primoris, potentially leading to difficulties in future financing and limiting business expansion, thereby impacting its long-term strategic outlook.
PRnewswire
7.0
05-15PRnewswire
Pomerantz Investigates Securities Fraud Claims Against Primoris Services Corporation
  • Poor Financial Performance: Primoris reported first-quarter 2026 results with adjusted EBITDA guidance slashed from $560-$580 million to $480-$500 million, indicating significant operational challenges due to reduced renewable energy activity and delayed project starts.
  • Stock Price Plunge: Following the disappointing earnings report, Primoris's stock price plummeted by 50.11% on May 6, 2026, dropping $101.69 to close at $101.23, reflecting strong market concerns regarding the company's future outlook.
  • Legal Investigation Initiated: Pomerantz LLP is investigating whether Primoris and its executives engaged in securities fraud or other unlawful business practices, which could lead to class action lawsuits and exacerbate the company's legal and financial risks.
  • Severe Market Reaction: The dual impact of declining performance and the legal investigation has severely undermined investor confidence in Primoris, potentially leading to difficulties in future financing and further loss of market share.
Globenewswire
9.5
05-14Globenewswire
Primoris Services Corporation Shares Plunge 50% Amid Revenue Declines
  • Financial Collapse: Primoris Services Corporation reported a staggering $152.9 million (13.8%) year-over-year decline in Energy segment revenues and nearly 40% drop in gross profits in Q1 2026, indicating severe cost pressures in its renewables projects that directly impact overall financial health.
  • Severe Market Reaction: On May 6, 2026, Primoris's stock price plummeted by 50%, wiping out approximately $5.5 billion in market capitalization, reflecting a complete loss of investor confidence in the management's handling of execution issues in the renewables business, resulting in significant shareholder losses.
  • Investigation Launched: Hagens Berman has initiated an investigation into whether Primoris adequately disclosed the health of its renewables business prior to the May 5 earnings report, which could have profound implications for the company's future legal liabilities and shareholder trust.
  • Frequent Execution Issues: CEO Koti Vadlamudi acknowledged during the earnings call that multiple solar project execution problems led to the margin collapse, citing costly project redesigns, labor management difficulties, sequencing errors, and weather disruptions, highlighting significant deficiencies in the company's project management capabilities.
Wall Street analysts forecast PRIM stock price to rise
12 Analyst Rating
Wall Street analysts forecast PRIM stock price to rise
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 0.000
sliders
Low
125.66
Averages
152.07
High
175.00
Current: 0.000
sliders
Low
125.66
Averages
152.07
High
175.00
Cantor Fitzgerald
Neutral
maintain
$113 -> $124
AI Analysis
2026-05-19
Reason
Cantor Fitzgerald
Price Target
$113 -> $124
AI Analysis
2026-05-19
maintain
Neutral
Reason
Cantor Fitzgerald raised the firm's price target on Primoris to $124 from $113 and keeps a Neutral rating on the shares. Primoris management clarified that margin and earnings pressure from renewables projects should be temporary and back-half weighted, with most challenged projects reaching mechanical and substantial completion between mid-2026 and year-end, implying continued drag in Q2, partial recovery in Q3, and a cleaner operating exit rate by Q4 as project-related headwinds roll off, the analyst tells investors in a research note.
UBS
Steven Fisher
Buy
downgrade
$212 -> $186
2026-05-11
Reason
UBS
Steven Fisher
Price Target
$212 -> $186
2026-05-11
downgrade
Buy
Reason
UBS analyst Steven Fisher lowered the firm's price target on Primoris to $186 from $212 and keeps a Buy rating on the shares. Execution challenges are a setback, but the risk/reward looks more favorable, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for PRIM
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Valuation Metrics

The current forward P/E ratio for Primoris Services Corp (PRIM.N) is 20.88, compared to its 5-year average forward P/E of 14.23. For a more detailed relative valuation and DCF analysis to assess Primoris Services Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
14.23
Current PE
20.88
Overvalued PE
20.28
Undervalued PE
8.17

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
9.66
Current EV/EBITDA
24.05
Overvalued EV/EBITDA
13.91
Undervalued EV/EBITDA
5.42

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.46
Current PS
0.64
Overvalued PS
0.70
Undervalued PS
0.23

Financials

AI Analysis
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Whales Holding PRIM

P
Portolan Capital Management, LLC
Holding
PRIM
+39.36%
3M Return
C
Cornerstone Investment Partners, LLC
Holding
PRIM
+31.69%
3M Return
H
Hennessy Advisors, Inc.
Holding
PRIM
+20.77%
3M Return
A
Algert Global LLC
Holding
PRIM
+14.84%
3M Return
C
Congress Asset Management Company, LLP
Holding
PRIM
+14.26%
3M Return
F
Fuller & Thaler Asset Management, Inc.
Holding
PRIM
+13.42%
3M Return

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Frequently Asked Questions

What is Primoris Services Corp (PRIM) stock price today?

The current price of PRIM is 101.3 USD — it has decreased -0.35

What is Primoris Services Corp (PRIM)'s business?

Primoris Services Corporation is a provider of critical infrastructure services to the utility, energy, and renewables markets throughout the United States and Canada. It provides a range of construction, maintenance, replacement, fabrication, and engineering services to a diversified base of customers through its two segments: Utilities, and Energy. Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. It provides services to a diversified base of customers, under a range of contracting options.

What is the price predicton of PRIM Stock?

Wall Street analysts forecast PRIM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRIM is152.07 USD with a low forecast of 125.66 USD and a high forecast of 175.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Primoris Services Corp (PRIM)'s revenue for the last quarter?

Primoris Services Corp revenue for the last quarter amounts to 1.56B USD, decreased -5.35

What is Primoris Services Corp (PRIM)'s earnings per share (EPS) for the last quarter?

Primoris Services Corp. EPS for the last quarter amounts to 0.32 USD, decreased -60.49

How many employees does Primoris Services Corp (PRIM). have?

Primoris Services Corp (PRIM) has 3055 emplpoyees as of June 20 2026.

What is Primoris Services Corp (PRIM) market cap?

Today PRIM has the market capitalization of 5.50B USD.