Primoris Services Faces Securities Class Action Over Renewable Projects

The lawsuit, Boston Retirement System v. Primoris Services Corporation, alleges that the company misled shareholders regarding the costs and risks associated with its fixed-price renewable energy projects. According to the complaint, Primoris failed to maintain reliable oversight and cost-estimation processes, which resulted in systemic underestimations of expenditures and persistent project delays.

Shareholder losses were punctuated by a series of disclosures throughout 2026. Following reports of margin compression and increased costs in February, the stock price fell by 8.3%. Subsequent revelations—including slashed EBITDA guidance in May, the departure of the President of Renewables in June, and a further reduction in financial outlook later that month—triggered additional sell-offs. By June 22, 2026, the company’s share price had dropped to $84.95, a sharp decline from its levels during the class period.

Investors currently have until September 21, 2026, to file for lead plaintiff status. Legal firm Kessler Topaz Meltzer & Check, LLP is providing case evaluations for affected shareholders, noting that investors may also choose to remain absent class members. Participation in the litigation, or the decision to serve as a lead plaintiff, does not impact an individual investor's ability to share in a potential court-ordered recovery.