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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

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High
128.450
Open
128.440
VWAP
124.77
Vol
1.85M
Mkt Cap
6.82B
Low
120.070
Amount
230.83M
EV/EBITDA(TTM)
14.84
Total Shares
54.25M
EV
6.92B
EV/OCF(TTM)
24.56
P/S(TTM)
0.92
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.
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Events Timeline

(ET)
2026-05-06
12:10:00
Primoris Shares Down 46.6% to $108.27
select
2026-05-06
10:10:00
Primoris Stock Drops 43.7% to $114.27
select
2026-05-05 (ET)
2026-05-05
16:40:00
Primoris Updates FY26 EPS Estimate to $4.05-$4.25
select

News

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.
Globenewswire
7.0
05-13Globenewswire
Primoris Services Corporation Under Investigation for Securities Violations
  • Investigation Launched: The Schall Law Firm has announced an investigation into Primoris Services Corporation, focusing on whether the company issued false or misleading statements and failed to disclose information critical to investors, potentially harming shareholder rights.
  • Disappointing Earnings: Primoris's Q1 2026 financial results, released on May 5, fell short of analyst expectations, leading the company to cut its full-year adjusted EBITDA guidance, indicating significant financial strain.
  • Reasons for Performance Decline: The company attributed its poor performance to rising costs and decreased activity related to renewable energy, factors that directly impacted its market performance and investor confidence.
  • Stock Price Plunge: Following this news, Primoris's shares plummeted by over 50.1% the next day, reflecting extreme pessimism in the market regarding the company's future outlook.
Globenewswire
7.0
05-12Globenewswire
Primoris Services Corporation Under Investigation for Securities Compliance
  • Revenue Decline: Primoris Services Corporation reported a decrease in revenue for its Energy Segment in Q1 2026 compared to Q1 2025, attributing this to lower renewable energy activity due to slower project starts and financial closures, which negatively impacted overall performance.
  • Stock Price Reaction: Following the revenue decline mentioned in the earnings report, Primoris's stock price dropped, indicating market concerns about the company's future growth potential and possibly leading to diminished investor confidence.
  • Legal Investigation: Holzer & Holzer, LLC is investigating whether Primoris complied with federal securities laws, encouraging investors who suffered losses after purchasing stock to contact legal counsel, which may lead to further legal actions.
  • Investor Rights Protection: Holzer & Holzer, LLC, a law firm focused on shareholder rights, has a history of recovering hundreds of millions for defrauded shareholders, demonstrating its expertise and influence in the securities litigation field.
PRnewswire
7.0
05-11PRnewswire
Primoris Services Corporation Shares Plunge 50% Amid Revenue Declines
  • Stock Price Crash: Primoris Services Corporation's shares plummeted 50% to $50.84 on May 6, 2026, erasing approximately $5.5 billion in market capitalization in a single day, indicating severe market concerns regarding the company's financial health.
  • Significant Revenue Decline: The Q1 2026 report revealed a staggering $152.9 million (13.8%) year-over-year drop in revenues for the Energy segment, with gross profits nearly collapsing by 40%, highlighting critical challenges in the renewables business.
  • Management Confidence Eroded: CEO Koti Vadlamudi acknowledged during the earnings call that financial results were impacted by cost pressures across multiple solar projects, shifting from earlier claims of isolated issues to broader execution-related problems, further undermining market confidence.
  • Legal Investigation Initiated: In response to shareholder concerns over disclosures regarding the health of its renewables business, Hagens Berman has launched an investigation, encouraging investors who suffered substantial losses to report their experiences, which could affect the company's future legal liabilities and market reputation.
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 25.97, compared to its 5-year average forward P/E of 14.12. 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
14.12
Current PE
25.97
Overvalued PE
20.10
Undervalued PE
8.15

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
9.45
Current EV/EBITDA
29.37
Overvalued EV/EBITDA
13.28
Undervalued EV/EBITDA
5.62

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
0.80
Overvalued PS
0.69
Undervalued PS
0.23

Financials

AI Analysis
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Whales Holding PRIM

P
Portolan Capital Management, LLC
Holding
PRIM
+27.22%
3M Return
E
Encompass Capital Advisors LLC
Holding
PRIM
+24.95%
3M Return
C
Cornerstone Investment Partners, LLC
Holding
PRIM
+17.27%
3M Return
H
Hennessy Advisors, Inc.
Holding
PRIM
+12.76%
3M Return
A
Algert Global LLC
Holding
PRIM
+11.02%
3M Return
F
Fuller & Thaler Asset Management, Inc.
Holding
PRIM
+4.82%
3M Return

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Frequently Asked Questions

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

The current price of PRIM is 125.78 USD — it has decreased -0.66

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 May 31 2026.

What is Primoris Services Corp (PRIM) market cap?

Today PRIM has the market capitalization of 6.82B USD.