Primoris faces securities class action after shares plunge 50.11%

  • Pomerantz announced a class action lawsuit against Primoris and certain officers or directors.
  • Primoris shares fell 50.11% to $101.23 after reduced 2026 financial guidance.
  • Investors have until September 21, 2026, to seek lead-plaintiff appointment.

Pomerantz LLP announced on Sept. 3, 2026, that a securities class action had been filed against Primoris Services Corporation and certain of its officers and/or directors. The case concerns whether Primoris engaged in securities fraud or other unlawful business practices related to challenges in its renewable-energy business. The announcement cited multiple disclosures between February and June 2026 involving cost overruns, difficult soil conditions, project delays, margin pressure, executive departures and sharply reduced financial guidance. Primoris shares fell 50.11% on May 6 after the company cut its 2026 Adjusted EPS guidance to $4.80-$5.00, and fell another 21.59% on June 23 after further guidance reductions and disclosures affecting six renewable-energy projects. Investors who purchased or otherwise acquired Primoris securities during the Class Period have until Sept. 21, 2026, to ask the Court to appoint them as Lead Plaintiff.

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