Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Northern District of Texas on behalf of shareholders of Primoris Services Corporation who purchased shares between August 5, 2025 and June 22, 2026.
According to the Complaint, Primoris and certain of its executives are charged with failing to disclose material information during the class period, violating federal securities laws.
On June 22, 2026, following a series of prior negative disclosures, the Company disclosed that, following an internal review supported by an independent third-party industry expert, it had identified substantial challenges, cost overruns, and project delays affecting six renewable energy projects, and reduced its full-year 2026 Adjusted EPS guidance to $2.05-$2.60, lowered its Adjusted EBITDA guidance to $275 million-$325 million, projected that 2026 Renewables revenue would decline to approximately $2.1 billion, and announced the resignation of its Chief Operating Officer.
On this news, the price of Primoris shares fell 22%, closing at $84.95 per share on June 23, 2026.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until September 21, 2026 to request that the court appoint them lead plaintiff.