Primoris Services Faces Securities Class Action Over Project Failures

The lawsuit, Boston Retirement System v. Primoris Services Corporation, alleges the infrastructure firm systematically failed to disclose deficiencies in its cost estimation and project oversight processes. According to the complaint, these internal failures led Primoris to underestimate risks and costs for fixed-price renewable energy projects, ultimately resulting in material overruns and schedule delays that were not properly communicated to shareholders.

The company’s stock price suffered a series of sharp declines following disclosures throughout early 2026. After reporting margin compression and increased costs in February, the stock fell 8%. A subsequent reduction in full-year earnings guidance in May triggered a 50% drop, followed by a 15% decline in June when the President of Renewables departed. The final blow came on June 22, 2026, when Primoris announced further project delays and slashed its financial outlook, causing the stock to tumble an additional 22%.

Investors seeking to act as lead plaintiff must submit their applications by September 21, 2026. Those interested in the litigation or the role of lead plaintiff can reach attorneys Ken Dolitsky or Michael Albert at 800-851-7783 or through the firm’s website.