Bragar Eagel &amp; Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Primoris (PRIM) To Contact Him Directly To Discuss Their Options  If you purchased or acquired

PRIM

Bragar Eagel & Squire, P.C. Urges Primoris Services Corporation (NYSE:PRIM) Investors to Contact the Firm Regarding Lead Plaintiff Role

Primoris Faces Class Action Over Renewable Project Costs and Guidance Downgrades

<section class="insight" data-version="1">
 <section data-block="information">
 <h3>Information</h3>
 Bragar Eagel &amp;amp; Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Primoris (PRIM) To Contact Him Directly To Discuss Their Options If you purchased or acquired
 </section>

 <section data-block="ai-summary-paragraph">
 <h3>AI Summary</h3>
 Bragar Eagel &amp; Squire filed a class-action against Primoris alleging misleading cost-estimation practices for fixed-price renewable projects. The suit follows Primoris&#039; May 5 Q1 results missing estimates and cutting EBITDA guidance to $480–$500 million, and a June 22 update highlighting COO departure and renewed revenue concerns in renewables. The development could dampen investor sentiment and elevate near-term volatility.
 </section>

 <section data-block="ai-summary-bullets">
 <h3>Key Points</h3>
 <ul><li>Class action filed against Primoris (PRIM) over cost-estimation failures. Allegations claim underestimation on fixed-price renewable projects.</li><li>Q1 2026 results missed analyst estimates. Guidance slashed to $480–$500M.</li><li>May 5 results and renewables activity declined. June 22 COO departure and further guidance cuts.</li><li>Shares plunged on May 6 and June 22 news. Litigation risk could raise volatility but not immediate cash impact.</li></ul>
 </section>

 <section data-block="companies-mentioned">
 <h3>Companies Mentioned</h3>
 <ul><li>Primoris Services Corporation (PRIM): Subject of the class-action alleging cost-estimation deficiencies; potential material impact on sentiment and stock.</li><li>Bragar Eagel &amp; Squire, P.C. (N/A): Plaintiff law firm initiating the class action; potential reputational exposure for PRIM if case progresses.</li></ul>
 </section>

 <section data-block="category">
 <h3>Legal</h3>
 Legal category; securities-class-action filed against PRIM highlights potential regulatory and credibility risks, with possible material impact on valuation and sentiment.
 </section>

 <section data-block="market-moving">
 <h3>Market-Moving</h3>
 <ul><li>Class-action filing heightens legal and reputational risk for PRIM.</li><li>Q1 miss and EBITDA cut amplify valuation concerns.</li><li>June update signals COO exit and further earnings pressure.</li><li>Renewables segment remains a key volatility driver; revenue outlook downgraded.</li></ul>
 </section>

 <section data-block="key-facts">
 <h3>Key Facts</h3>
 <ul><li>Class Period: Aug 5, 2025 – Jun 22, 2026.</li><li>May 5, 2026: Q1 2026 results; EBITDA guidance cut to $480–$500M from $560–$580M.</li><li>May 6, 2026: PRIM stock closed down 50.11% to $101.23.</li><li>June 22, 2026: COO departure; full-year guidance lowered; renewables revenue outlook $2.1B–$3B.</li><li>Court deadline to seek lead plaintiff: Sep 21, 2026.</li></ul>
 </section>

 <section data-block="trading-thesis">
 <h3>Trading Thesis</h3>
 Near-term bearish bias for PRIM until legal risk resolves and costs visibility improves (1–2 quarters).
 </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link>Bragar Eagel &amp; Squire, P.C. Litigation Partner <a href="https://www.globenewswire.com/Tracker?data=SLeN2Q3wL9ZDBRz4AzpsdMzvPm37vp14dlzANMnQFbLyfymcilM9nJVnYvbl738BSP6kNuEDSgRh8mkcN9I6b4Uzblc17KLIu0AU_cfAf_LDiwePDxdj7pIP_lVqSFJJ" rel="nofollow" target="_blank">Brandon Walker</a> Encourages Investors Who Suffered Losses In Primoris (PRIM) To Contact Him Directly To Discuss Their Options If you purchased or acquired Primoris common stock between August 5, 2025 and June 22, 2026 and would like to discuss your legal rights, contact Bragar Eagel &amp; Squire partners Brandon Walker or Melissa Fortunato by email at <a href="https://www.globenewswire.com/Tracker?data=K94o7zF3xQJ8nBVxv7fxIIEVNV-O4p6kjpv9_tBZcKBSDxyowdQaf5PJQ9ezqQYnmTlIhQpxBr9_7N5tNyDsIpWiHDrqUKUd3zdFu31v26Klo7x6XWQbyGRQPx59rarC" rel="nofollow" target="_blank">investigations@bespc.com</a> or by telephone at (212) 355-4648. Click <a href="https://www.globenewswire.com/Tracker?data=9S5NLm8N64Y1nyQGSDBDOQ45rGj6blM_-TM20ei_O16Rg_juSgE91nR-AM0308K_KT6343_cI_DhvFs6gI7pHA==" rel="nofollow" target="_blank">here</a> to participate in the action. NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- What’s Happening: <ul type="circle"><li style="margin-bottom:12pt; text-align:justify;"><a href="https://www.bespc.com" rel="nofollow" target="_blank">Bragar Eagel &amp; Squire, P.C</a>., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Primoris Services Corporation ("Primoris" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PRIM">PRIM</a>) in The United States District Court for the Northern District of Texas on behalf of all persons and entities who purchased or otherwise acquired Primoris common stock between August 5, 2025 and June 22, 2026, both dates inclusive (the "Class Period"). Investors have until September 21, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. </li></ul> Allegation Details: <ul type="circle"><li style="text-align:justify;">According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Primoris&#39; cost estimation, cost-to-complete forecasting, and project oversight processes were deficient and failed to provide reliable estimates of the costs and expected profitability of significant fixed-price renewable energy projects; (2) as a result, Primoris systematically underestimated the costs and risks of significant fixed-price renewable energy projects that were experiencing material cost overruns, execution problems, and schedule delays; and (3) accordingly, defendants&#39; statements regarding Primoris&#39; estimating processes, project execution, ability to manage project risk, financial performance, and financial guidance lacked a reasonable basis and omitted material adverse facts. When the true details entered the market, the lawsuit claims that investors suffered damages. </li><li style="text-align:justify;">On May 5, 2026, Primoris issued a press release reporting its financial results for the first quarter of 2026. Primoris reported results below analyst expectations and slashed full-year adjusted EBITDA guidance from $560-$580 million to $480-$500 million. Primoris attributed the reduction to lower renewable energy activity, delayed project starts, and increased costs on renewable energy projects. </li><li style="text-align:justify;">On this news, Primoris&#39;s stock price fell $101.69 per share, or 50.11%, to close at $101.23 per share on May 6, 2026, thereby injuring investors. </li><li style="text-align:justify;">Then, on June 22, 2026, Primoris revealed a series of business updates including the departure of its Chief Operating Officer and a further slash to its financial outlook for the full year of 2026, in part due to "cost overruns and delays" related to six of the Company’s projects. The company also said it anticipates lower revenue and gross profit for full year 2026, primarily driven by lower expected revenue and gross profit in the renewables business, where it now sees full-year revenue at $2.1 billion to $3 billion. </li><li style="text-align:justify;">On this news, Primoris’s stock price fell $23.39, or 21.6%, to close at $84.95 per share on June 22, 2026, thereby injuring investors further. </li></ul> Next Steps: <ul type="circle"><li style="text-align:justify;">If you purchased or otherwise acquired Primoris shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact <a href="https://www.bespc.com/professionals/brandon-walker" rel="nofollow" target="_blank">Brandon Walker</a> or <a href="https://www.bespc.com/professionals/melissa-fortunato" rel="nofollow" target="_blank">Melissa Fortunato</a> by email at <a href="mailto:investigations@bespc.com" rel="nofollow" target="_blank">investigations@bespc.com</a>, telephone at (212) 355-4648, or by <a href="https://bespc.com/cases/PRIM" rel="nofollow" target="_blank">filling out this contact form</a>. There is no cost or obligation to you. </li></ul> About Bragar Eagel &amp; Squire, P.C.: Bragar Eagel &amp; Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit <a href="https://www.globenewswire.com/Tracker?data=Z2zrIMRHy4jRW7F5347bOJPAug6eZge9PHbHXSUYjfsCpiKu1M6wZasKmXbsrle80v4ZgQRjgp0QgNTAtw3b-g==" rel="nofollow" target="_blank">www.bespc.com</a>.  Attorney advertising.  Prior results do not guarantee similar outcomes. Follow us for updates on <a href="https://www.globenewswire.com/Tracker?data=frBHhUSBUIxmOYGvKEUSGvHtFEhHlVrFY7AL67OE4D2_dJuQ1lPFjUt9EllKECQVbfA4cWrUr8rptwjOegINeOvhF2VI2MXzemigZ2SYmDJBdlWOTDe5IZ1bBN9SKjfp" rel="nofollow" target="_blank">LinkedIn</a> and <a href="https://www.globenewswire.com/Tracker?data=GJUhtPcWbWbuP-JD8vEZ4oJjxduuMR_L79N8EbAzNIK_oEBnEbViIOV-2oc-TpRgoYwr5Vg7seP7aNOqkAI1Jzo2sPevy1xOMGH-5fHZKEhYJvPuAHMl4q3xokaF_6E4" rel="nofollow" target="_blank">Facebook</a>, and keep up with other news by following Brandon Walker, Esq. on <a href="https://www.globenewswire.com/Tracker?data=frBHhUSBUIxmOYGvKEUSGnfw9W1GPdPs60LJC_s2DFFk0sYdAtIplplFJmywY1FAZ3sZxBSxHwmr4tVXKYAe7nwmVDIwgAExr5fyxTZuVJ-NWyBjO8wFbkuIcQynx8s4" rel="nofollow" target="_blank">LinkedIn</a>. Contact Information: Bragar Eagel &amp; Squire, P.C. Brandon Walker, Esq. Melissa Fortunato, Esq. (212) 355-4648 <a href="https://www.globenewswire.com/Tracker?data=K94o7zF3xQJ8nBVxv7fxIIEVNV-O4p6kjpv9_tBZcKBKtS_7VPaFsdwsE7o1TOl7TlrmD76iMaPT05E_Og5Uxdp4TPE3Ld0oF8Ys6H-MfDyL5WH6FQApu7kSTvdMbf-p" rel="nofollow" target="_blank">investigations@bespc.com</a> <a href="https://www.globenewswire.com/Tracker?data=Z2zrIMRHy4jRW7F5347bOMYx6Opu4mZFZosmmDajKGKRjG0thWH6p-QEklMtwAkbbgAk7ycW2JOjksPe3w1tlg==" rel="nofollow" target="_blank">www.bespc.com</a> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwNzMzNyM3NzY4OTk1IzIxMDAzOTg="></img> <img alt="" src="https://ml.globenewswire.com/media/OTE4YmVkMzctZTRlOS00ZjNhLTgzNjktYzFiYzQ1MTQ0M2ZhLTExMTE5NjktMjAyNi0wOC0xMC1lbg==/tiny/Bragar-Eagel-Squire.png" referrerpolicy="no-referrer-when-downgrade"></img><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/29481954-f2ff-4756-b5a9-d982a6497bd0"><img src="https://ml.globenewswire.com/media/29481954-f2ff-4756-b5a9-d982a6497bd0/small/bes-mark-jpg.jpg" border="0" width="150" height="75" alt="Primary Logo"></img></a>

Bragar Eagel & Squire filed a class-action against Primoris alleging misleading cost-estimation practices for fixed-price renewable projects. The suit follows Primoris' May 5 Q1 results missing estimates and cutting EBITDA guidance to $480–$500 million, and a June 22 update highlighting COO departure and renewed revenue concerns in renewables. The development could dampen investor sentiment and elevate near-term volatility.

News insight

Bragar Eagel & Squire, P.C. Urges Primoris Services Corporation (NYSE:PRIM) Investors to Contact the Firm Regarding Lead Plaintiff Role

AI summary

Sentiment rationale

Key facts

Legal