Class Action Lawsuit Filed Against Primoris Services Corporation Over Alleged Securities Fraud
Pomerantz Law Firm has filed a class action lawsuit against Primoris Services Corporation (NYSE: PRIM), alleging securities fraud and other unlawful business practices. The firm is urging investors who purchased or acquired shares during the Class Period to contact them by September 21, 2026, for potential appointment as Lead Plaintiff. The legal action follows a series of negative developments affecting Primoris's renewable energy segment in early 2026. These included increased costs and margin compression on projects, delayed project starts, and the resignation of key executives such as President of Renewables Anthony Vorderbruggen. The company also significantly reduced its financial guidance for full-year 2026 after identifying substantial challenges across six renewable energy projects. Each negative update led to sharp declines in Primoris's stock price, with a cumulative drop exceeding 50% from February through June of this year.
Tickers: $PRIM