Lawsuit NOTICE: Investors with losses from shares of Primoris Services Corporation (NYSE: PRIM) should contact the Shareholders Foundation

An investor, who purchased shares of Primoris Services Corporation (NYSE: PRIM), filed a lawsuit in the U.S. District Court for the Northern District of Texas over alleged violations of Federal Securities Laws by Primoris Services Corporation in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Primoris Services Corporation (NYSE: PRIM) have certain options and for certain investors are short and strict deadlines running. Deadline: September 21, 2026. NYSE: PRIM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Dallas, TX based Primoris Services Corporation provides infrastructure services primarily in the United States and Canada.

On February 23, 2026, Primoris Services Corporation reported its fourth quarter and full year 2025 financial results. Primoris Services Corporation (NYSE: PRIM) reported that its annual Total Revenue rose from $6.37 billion in 2024 to $7.57 billion in 2025, and that its Net Income increased from $180.9 million to $274.9 million in 2025. Primoris Services Corporation also disclosed increased costs on certain renewable energy projects, more challenging than anticipated soil conditions, and margin compression within its Energy segment, acknowledging that these issues adversely affected fourth quarter profitability despite higher revenue.

Then, on May 5, 2026, Primoris Services Corporation reported its financial results for the first quarter of 2026, allegedly disclosing additional adverse developments affecting its renewable energy business, including revenue and margin pressure, delayed project starts, and weaker than expected first quarter 2026 results. Primoris Services Corporation also reduced its full-year 2026 Adjusted EPS guidance from $5.80-$6.00 to $4.80-$5.00 and lowered its Adjusted EBITDA guidance, the complaint alleges.

Thereafter, on June 8, 2026, Primoris Services Corporation allegedly announced that Anthony Vorderbruggen, Primoris' President of Renewables, was departing Primoris, effective immediately.

Finally, on June 22, 2026, Primoris Services Corporation issued a Business Update allegedly announcing that, following an internal review supported by an independent third-party industry expert, it had identified substantial challenges, cost overruns, and project delays affecting six renewable energy projects. Primoris reduced its full-year 2026 Adjusted EPS guidance to $2.05-$2.60, lowered its Adjusted EBITDA guidance to $275 million-$325 million, projected that 2026 Renewables revenue would decline to approximately $2.1 billion, and announced the resignation of its Chief Operating Officer, defendant Jeremy Kinch.

Shares of Primoris Services Corporation (NYSE: PRIM) declined from $205.50 per share on May 05, 2026 to as low as $74.66 per share on July 29, 2026.

The plaintiff claims that between August 5, 2025 and June 22, 2026, the defendants made false and/or misleading statements and/or failed to disclose that Primoris' cost estimation, cost-to-complete forecasting, and project oversight processes were deficient and failed to provide reliable estimates of the costs and expected profitability of significant fixed-price renewable energy projects, that as a result, Primoris systematically underestimated the costs and risks of significant fixed-price renewable energy projects that were experiencing material cost overruns, execution problems, and schedule delays, and that accordingly, defendants' statements regarding Primoris' estimating processes, project execution, ability to manage project risk, financial performance, and financial guidance lacked a reasonable basis and omitted material adverse facts.

Those who purchased shares of Primoris Services Corporation (NYSE: PRIM) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.