Pomerantz Law Firm Investigates Primoris Services Corporation Investors' Claims
Pomerantz Law Firm has announced an investigation into potential securities fraud or other unlawful business practices by Primoris Services Corporation (PRIM). The company's stock experienced significant declines in May and June 2026.
New York – Pomerantz LLP announced on July 9, 2026, that it is investigating claims on behalf of investors of Primoris Services Corporation (NYSE: PRIM). The law firm is examining whether Primoris and certain of its officers and/or directors engaged in securities fraud or other unlawful business practices.
The investigation stems from two significant stock price drops experienced by Primoris in 2026. On May 5, 2026, the company reported first-quarter results below expectations and slashed its full-year adjusted EBITDA guidance. Primoris attributed these issues to lower renewable energy activity, delayed project starts, and increased costs in that sector. Following this announcement, Primoris stock fell approximately 50.11% on May 6, 2026.
On June 22, 2026, Primoris issued another press release revealing further business challenges. The company announced the departure of its Chief Operating Officer and disclosed additional cost overruns within its Renewables business. Primoris also updated its revenue forecast, anticipating a significant decrease for the full year 2026 in its Renewables segment. This news caused the stock price to fall an additional 21.59% on June 23, 2026.
Pomerantz LLP is a law firm specializing in class action litigation. Investors who believe they have relevant information or have suffered losses are encouraged to contact the firm.