Pomerantz Law Firm Investigates Potential Securities Fraud at Primoris Services Corporation
The Pomerantz Law Firm is investigating potential securities fraud or unlawful business practices involving Primoris Services Corporation (NYSE: PRIM). The firm cited a significant drop in the company's financial guidance and stock price following poor Q1 results, attributed to lower renewable energy activity and cost overruns. A further update on June 22 revealed additional challenges impacting revenue expectations.
Tickers: $PRIM
Topics: COO departure guidance cut renewables business challenges stock price drop