Levi & Korsinsky Reminds Primoris Services Corporation Investors of Upcoming Securities Class Action Deadline

Levi & Korsinsky, LLP notifies investors in Primoris Services Corporation (NYSE: PRIM) that a securities class action has been filed on behalf of shareholders who purchased Primoris securities between August 5, 2025 and June 22, 2026. PRIM shares fell $23.39 per share, or 21.6%, from $108.34 to $84.95 after the Company announced an internal review tied to six renewable energy projects, reduced 2026 guidance, and disclosed the resignation of its Chief Operating Officer. The window to apply for lead plaintiff closes on September 21, 2026. The complaint names Primoris and senior executives Koti Vadlamudi, David King, Ken Dodgen, and Jeremy Kinch as defendants. The action asserts that these individuals had authority over Primoris' SEC filings, earnings releases, conference calls, and investor communications during the Class Period. As alleged, the control person theory focuses on whether senior officers could prevent, correct, or qualify statements concerning disciplined bidding, cost estimating, project oversight, and the Company's financial outlook for fixed-price renewable energy work. Koti Vadlamudi served as President and Chief Executive Officer from November 10, 2025 through the end of the Class Period. David King served as Chairman and Interim President and Chief Executive Officer from March 20, 2025 to November 10, 2025. Ken Dodgen served as Executive Vice President and Chief Financial Officer throughout the Class Period. Jeremy Kinch served as Chief Operations Officer throughout the Class Period until his departure on June 22, 2026. The pleading asserts that the individual defendants had access to information about renewable project costs, margins, forecasting, and public disclosures. The lawsuit contends that Primoris' public statements gave investors confidence in project execution controls while the Company allegedly had deficient estimating, cost-to-complete forecasting, and oversight processes. Plaintiffs further allege that financial guidance was unsupported because material cost overruns and margin deterioration were not timely recognized. The complaint also references SEC filings and certifications connected to financial reporting. Corporate officers have a duty to ensure their companies' public statements are accurate and complete, particularly when investors are relying on statements about project controls and financial guidance. The allegations here concern whether Primoris executives had control over company disclosures concerning six renewable energy projects and the resulting $23.39 per-share decline.