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PRIM Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
89.680
Open
88.600
VWAP
87.11
Vol
1.45M
Mkt Cap
4.72B
Low
84.680
Amount
126.40M
EV/EBITDA(TTM)
10.70
Total Shares
54.25M
EV
4.99B
EV/OCF(TTM)
17.70
P/S(TTM)
0.66
Primoris Services Corporation is a provider of critical infrastructure services to the utility, energy, and renewables markets throughout the United States and Canada. It provides a range of construction, maintenance, replacement, fabrication, and engineering services to a diversified base of customers through its two segments: Utilities, and Energy. Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. It provides services to a diversified base of customers, under a range of contracting options.
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Events Timeline

(ET)
2026-06-30
09:00:00
Fermi Signs Major Agreement with Primoris
select
2026-06-23 (ET)
2026-06-23
16:30:00
Nasdaq Sinks Amid Broad Tech Selloff
select
2026-06-23
12:30:00
Primoris Shares Drop 22.4% to $84.07
select
2026-06-23
12:00:00
Global Markets Hit by Tech Stock Selloff
select
2026-06-23
10:30:00
Primoris Stock Drops 32.5% to $73.11
select

News

PRnewswire
7.0
07-01PRnewswire
Primoris Services Corporation Shares Plunge 40% Amid Renewables Challenges
  • Stock Price Crash: Primoris Services Corporation's shares plummeted by $43.34, or 40%, during intraday trading on June 23, 2026, primarily due to additional challenges and cost overruns in its renewables business, severely undermining investor confidence.
  • Significant Revenue Decline: The company reported a staggering year-over-year revenue drop of $152.9 million (13.8%) in its Energy segment on May 5, 2026, with projected revenues from the renewables sector expected to decline by 30% ($900 million) in 2026, posing a major threat to its overall financial health.
  • Executive Departure Impact: The abrupt departure of the Chief Operating Officer has intensified market skepticism regarding Primoris's management capabilities, leading to profound concerns about the company's future execution and strategic direction, potentially prompting further investor withdrawals.
  • Legal Investigation Initiated: Hagens Berman is investigating whether Primoris misled investors prior to May 5, and if violations are confirmed, the company could face significant legal and financial repercussions, further impacting its market reputation and stock price.
Newsfilter
2.0
07-01Newsfilter
Primoris Services Corporation Shares Plunge 40% Amid Renewables Challenges
  • Stock Price Crash: Primoris Services Corporation's shares plummeted by $43.34, or 40%, during intraday trading on June 23, 2026, primarily due to additional challenges and cost overruns in its renewables business, severely undermining investor confidence.
  • Significant Revenue Decline: The company announced that its 2026 renewables revenue is expected to decline by 30% (approximately $900 million), dropping from $3 billion in 2025 to $2.1 billion, a shocking revelation that exacerbated the stock's decline following the June 22 announcement.
  • Management Turmoil: The abrupt departure of the Chief Operating Officer has heightened market unease, leading to diminished trust in the company's leadership, particularly as it grapples with substantial financial pressures and project execution issues.
  • Legal Investigation Initiated: Hagens Berman is investigating whether Primoris misled investors regarding its renewables business prior to May 5, and if so, whether it violated federal securities laws, which could further impact the company's reputation and stock price.
PRnewswire
9.5
07-01PRnewswire
Primoris Cuts EBITDA Guidance by Over 38%, Shares Plummet
  • Significant Guidance Cut: Primoris initially projected adjusted EBITDA of $480 million to $500 million on May 6, 2026, but slashed this to $275 million to $325 million on June 22, representing a more than 38% drop at the midpoint, which severely undermines investor confidence.
  • Shareholder Losses: The abrupt guidance revision led to a more than 21.5% drop in Primoris's stock price after hours, resulting in substantial losses for shareholders and raising concerns about the company's financial transparency and governance.
  • Financial Investigation: Levi & Korsinsky is investigating whether Primoris made materially false or misleading statements regarding its adjusted EBITDA and EPS projections, which could involve potential violations of securities laws, further complicating the company's legal landscape.
  • Cost Overruns in Projects: The company disclosed significant cost overruns across six renewable projects, prompting the downward revision of its overall financial guidance, which highlights management's shortcomings in project oversight and financial planning, potentially affecting future investor trust.
Newsfilter
9.5
07-01Newsfilter
Primoris Slashes EBITDA Guidance, Shares Plunge 21.5%
  • Guidance Cut: Primoris initially projected adjusted EBITDA of $480 million to $500 million on May 6, 2026, but slashed this to $275 million to $325 million on June 22, reflecting a more than 38% drop at the midpoint, severely impacting investor confidence.
  • Shareholder Losses: The abrupt guidance cut led to a 21.5% plunge in Primoris's stock price after hours, significantly eroding shareholder value and raising concerns about the company's financial transparency and management practices.
  • Cost Overruns: The company disclosed severe cost overruns across six renewable projects, necessitating the downward revision of overall financial guidance, which indicates management's failure in project oversight and could undermine future investor trust.
  • Legal Investigation: Levi & Korsinsky has initiated an investigation into whether Primoris made materially misleading statements in its financial reports, particularly regarding EBITDA and EPS projections, which could expose the company to potential securities law violations.
Globenewswire
7.0
06-30Globenewswire
Primoris Services Corporation Under Investigation for Securities Fraud
  • Declining Financial Performance: Primoris reported a significant reduction in adjusted EBITDA guidance for 2026 from $560-$580 million to $480-$500 million due to decreased renewable energy activity and delayed project starts, which has undermined investor confidence.
  • Stock Price Plunge: Following the disappointing earnings report, Primoris's stock price plummeted by 50.11% to close at $101.23 per share on May 6, 2026, indicating severe market concerns regarding the company's future profitability.
  • Executive Departure: On June 22, 2026, Primoris announced the departure of its Chief Operating Officer, highlighting additional challenges and cost overruns in its Renewables business, which has raised further questions about the company's governance and operational capabilities.
  • Revenue Guidance Cut: The company now expects approximately $2.1 billion in revenue from its Renewables business for 2026, down from about $3.0 billion in 2025, reflecting a significant decline in competitiveness and market demand in this sector.
seekingalpha
6.0
06-29seekingalpha
J.P. Morgan Upgrades Primoris to Overweight with $116 Target
  • Rating Upgrade: J.P. Morgan has upgraded Primoris from Neutral to Overweight, raising the price target from $105 to $116, indicating confidence in valuation upside even with potential cost overruns in the renewables segment, which the bank considers unlikely but possible.
  • Market Share Insights: Analyst Mark Strouse highlights that Primoris holds a top-5 market share in the core outsourced utility services market and 10%-15% in renewable EPC, showcasing its attractiveness as a play on the energy transition.
  • Investor Perspective: While investors may remain cautious about risks to Primoris' renewables business, Strouse suggests taking a sum-of-the-parts view, noting that the stock is trading at a significant discount to peers and merits attention.
  • Growth Outlook: Primoris demonstrates multi-year growth potential in natural gas generation and grid infrastructure, benefiting from strong secular trends, thus presenting an appealing investment opportunity.
Wall Street analysts forecast PRIM stock price to rise
12 Analyst Rating
Wall Street analysts forecast PRIM stock price to rise
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 0.000
sliders
Low
125.66
Averages
152.07
High
175.00
Current: 0.000
sliders
Low
125.66
Averages
152.07
High
175.00
JPMorgan
Mark Strouse
Neutral
to
Overweight
upgrade
$105 -> $116
AI Analysis
2026-06-29
Reason
JPMorgan
Mark Strouse
Price Target
$105 -> $116
AI Analysis
2026-06-29
upgrade
Neutral
to
Overweight
Reason
JPMorgan analyst Mark Strouse upgraded Primoris to Overweight from Neutral with a price target of $116, up from $105. The shares are now trading at a significant discount to peers while the non renewables parts of the business continue to perform well, the analyst tells investors in a research note. JPMorgan believes \"it is time for investors to take a step back\" and view Primoris through a sum-of-the-parts perspective. The firm sees upside to the valuation even if one assumes additional cost overruns in the renewables segment, which it feels is unlikely.
Cantor Fitzgerald
Neutral
downgrade
$124 -> $100
2026-06-25
Reason
Cantor Fitzgerald
Price Target
$124 -> $100
2026-06-25
downgrade
Neutral
Reason
Cantor Fitzgerald lowered the firm's price target on Primoris to $100 from $124 and keeps a Neutral rating on the shares. Primoris Services shares rose about 9% after its webcast as investors took some comfort from management's view that renewable project issues remain confined to six identified projects, with completion timelines staged from near-term through year-end, though the stock is still seen as a "prove-it" story until execution is fully demonstrated, the analyst says.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for PRIM
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Valuation Metrics

The current forward P/E ratio for Primoris Services Corp (PRIM.N) is 41.84, compared to its 5-year average forward P/E of 14.42. For a more detailed relative valuation and DCF analysis to assess Primoris Services Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
14.42
Current PE
41.84
Overvalued PE
20.89
Undervalued PE
7.96

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
9.79
Current EV/EBITDA
21.74
Overvalued EV/EBITDA
14.19
Undervalued EV/EBITDA
5.39

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.46
Current PS
0.58
Overvalued PS
0.70
Undervalued PS
0.23

Financials

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Whales Holding PRIM

P
Portolan Capital Management, LLC
Holding
PRIM
+23.48%
3M Return
H
Hennessy Advisors, Inc.
Holding
PRIM
+8.81%
3M Return
C
Congress Asset Management Company, LLP
Holding
PRIM
+7.78%
3M Return
F
Fuller & Thaler Asset Management, Inc.
Holding
PRIM
+6.36%
3M Return
A
AMI Asset Management Corp
Holding
PRIM
+6.17%
3M Return
C
Cushing Asset Management, LP
Holding
PRIM
+4.03%
3M Return

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Frequently Asked Questions

What is Primoris Services Corp (PRIM) stock price today?

The current price of PRIM is 86.97 USD — it has decreased -3.58

What is Primoris Services Corp (PRIM)'s business?

Primoris Services Corporation is a provider of critical infrastructure services to the utility, energy, and renewables markets throughout the United States and Canada. It provides a range of construction, maintenance, replacement, fabrication, and engineering services to a diversified base of customers through its two segments: Utilities, and Energy. Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. It provides services to a diversified base of customers, under a range of contracting options.

What is the price predicton of PRIM Stock?

Wall Street analysts forecast PRIM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRIM is152.07 USD with a low forecast of 125.66 USD and a high forecast of 175.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Primoris Services Corp (PRIM)'s revenue for the last quarter?

Primoris Services Corp revenue for the last quarter amounts to 1.56B USD, decreased -5.35

What is Primoris Services Corp (PRIM)'s earnings per share (EPS) for the last quarter?

Primoris Services Corp. EPS for the last quarter amounts to 0.32 USD, decreased -60.49

How many employees does Primoris Services Corp (PRIM). have?

Primoris Services Corp (PRIM) has 3055 emplpoyees as of July 08 2026.

What is Primoris Services Corp (PRIM) market cap?

Today PRIM has the market capitalization of 4.72B USD.