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.
