Primoris Services Corporation (PRIM) Securities Fraud Class Action Lawsuit Filed; September 21, 2026, Lead Plaintiff Deadline

Did you buy PRIM common stock between August 5, 2025 and June 22, 2026? Affected PRIM Investor Summary Who: Primoris Services Corporation ( NYSE: PRIM ) What: Securities fraud class action lawsuit filed Class Period: August 5, 2025 through June 22, 2026 Deadline to Seek Lead Plaintiff Status: September 21, 2026 Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company's costs and risks of significant fixed-price renewable energy projects. Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com ) for recovery options Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) , a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Primoris Services Corporation (Primoris) (NYSE: PRIM ) on behalf of those who purchased or acquired Primoris common stock between August 5, 2025 and June 22, 2026, inclusive. The lawsuit is filed in the United States District Court for the Northern District of Texas and is captioned Boston Retirement System v. Primoris Services Corporation , No. 3:26-cv-02416 (N.D. Tex.). Investors have until September 21, 2026, to file for lead plaintiff status. CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS: If you purchased or acquired Primoris common stock and have lost money on your investment, please provide your information here: https://www.ktmc.com/prim-primoris-services-corporation-class-action-lawsuit?utm_source=PR_Newswire&utm_medium=pressrelease&utm_campaign=prim&mktm=PR You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected] . There is no cost or obligation to speak with an attorney. PRIMORIS SERVICES CORPORATION CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY: The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) 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; (2) 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 (3) as a result, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Why did Primoris' Stock Drop? On February 23, 2026, after market hours, Primoris released its fourth quarter and full year 2025 financial results, disclosing 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. On this news, Primoris' stock price fell $13.72 per share, or 8.3%, to close at $151.92 per share on February 24, 2026. On May 5, 2026, after market hours, Primoris released its first quarter 2026 financial results, reporting results below analyst expectations and slashing full-year adjusted EBITDA guidance from $560-$580 million to $480-$500 million. Primoris attributed the reduction to lower renewable energy activity, delayed project starts, and increased costs on renewable energy projects. On this news, Primoris' stock price fell $101.69 per share, or 50.11%, to close at $101.23 per share on May 6, 2026. Then, on June 8, 2026, Primoris announced that its President of Renewables was departing the compa...