NEW YORK, Aug.  13, 2026  (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased Primoris Services Corporation (&#34;Primoris&#34; or the &#34;Company&#34;) (NYSE:PRIM) securities to contact Lauren

PRIM

PRIM SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of Primoris Services Corporation Investors - Contact Kirby McInerney LLP by September 21, 2026

Primoris Faces Securities Class Action Over Renewable Project Cost Forecasts

NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased Prim...

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, Aug.  13, 2026  (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased Primoris Services Corporation (&amp;#34;Primoris&amp;#34; or the &amp;#34;Company&amp;#34;) (NYSE:PRIM) securities to contact Lauren</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Primoris is facing a securities class action alleging misstatements related to renewables costs and project risk from Aug 2025 to Jun 2026. The case follows February and May 2026 results showing cost overruns, margin compression, and lower guidance, plus leadership changes. This legal risk adds to ongoing execution concerns and could keep downside pressure on PRIM in the near term.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Securities class action targets Primoris; class period Aug 5, 2025–Jun 22, 2026.</li><li>Lawsuit alleges underestimation of costs and overruns in fixed-price renewables.</li><li>Key results: Feb 23 and May 5, 2026, with guidance cuts and margin pressure.</li><li>Departures: Renewables chief (June 8) and COO (June 22) amid overruns.</li><li>Deadline to seek lead plaintiff: Sept 21, 2026.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Primoris Services Corporation (PRIM)</strong>: Subject of the lawsuit; ongoing litigation risk and potential settlement costs; bleak sentiment amid recent guidance cuts and leadership turnover.</li><li><strong>Kirby McInerney LLP (N/A)</strong>: Lead plaintiff law firm handling the case; could influence litigation trajectory but limited direct market impact.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. Fits as a securities-class-action notice with potential material, but uncertain, price impact depending on case progress and settlements.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Sept 21, 2026 deadline for lead-plaintiff appointment could affect settlement dynamics.</li><li>Renewables cost overruns and 2026 guidance cuts continue to weigh sentiment.</li><li>June 22 internal review confirming overruns and COO departure add execution risk.</li><li>Historical declines post-earnings and leadership changes imply continued volatility.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Class Period: Aug 5, 2025 to Jun 22, 2026 inclusive.</li><li>Lead plaintiff deadline: Sept 21, 2026.</li><li>Feb 23, 2026: 2025 results; higher renewable costs; margin compression; stock fell 8% to 151.92 on Feb 24.</li><li>May 5, 2026: 1Q26 results; 2026 Adj. EPS guidance cut from $5.80–$6.00 to $4.80–$5.00; stock fell 50% to 101.23 on May 6.</li><li>June 8, 2026: Renewables President Anthony Vorderbruggen departs; stock down ~15% to 103.90 on June 9.</li><li>June 22, 2026: internal review flags cost overruns on six renewables projects; 2026 Adj. EPS guidance 2.05–2.60; COO Jeremy Kinch resigns; stock -21% to 84.95 on June 23.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Legal headwinds plus prior negative results suggest near-term downside risk; potential relief only if new facts emerge or settlements reduce exposure (short-term).</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NEW YORK, Aug.  13, 2026  (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=LD8ImqxqgNFPDtxj0LTfwycC_sZIUeM_9cPya9zRk29GJ1tHFTjjJITgXv0mf_xlgnqq1tMldKS8qmmw8dPcM0g8WvgRnHvxROlU32n3r0E=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> reminds investors who purchased Primoris Services Corporation ("Primoris" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PRIM">PRIM</a>) securities to contact <a href="https://www.globenewswire.com/Tracker?data=8jNgZxYTXIlJnzXBEJMo8oW5onUcmq_M3hRdQ6RDMGGXifkvqwO3kxX_2X7u9m2ohrcQYVLX8yO9MIwFekBtfGux6ZIV3eaC1OAiXEpP20TtDSJ-LMfmGWU_dt4ELNvA" rel="nofollow" target="_blank">Lauren Molinaro</a> of Kirby McInerney LLP by email at <a href="https://www.globenewswire.com/Tracker?data=dOevac0HDidSaWTuxL-l6vorcyLrIHJHOKIW0z-kbNJQ18wqR9sObYb-qcUWo4UvlDCdmuwuk395Xx9OyMyupjx-mVVF5i0zmUvuva9K0eO6yC3jBC7tX8oYgw6z1fRs" rel="nofollow" target="_blank">investigations@kmllp.com</a>, or fill out the contact form below, to discuss your rights or interests in the securities fraud class action lawsuit at no cost.</p>  <p align="justify">If you suffered a loss on your Primoris investments, you have until <strong>September 21, 2026</strong> to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions. Learn more about the lead plaintiff process and eligibility requirements <a href="https://www.globenewswire.com/Tracker?data=d_PlU1LHC0DdTxvIav1SyOWD8SFhPtwWiUeWKu1Xjw2eCmRr81gffVXCbkk3RBNXwnGEu_faz40PjMHC7tUypt3AbIYqtygSZLA4T_Q7wQU=" rel="nofollow" target="_blank">here</a>.</p>  <p align="justify">Follow the link below for more information about the lawsuit:</p>  <p align="center">[<a href="https://www.globenewswire.com/Tracker?data=SfUtXSD_V6JpfBhsKpmUj_b9ZN6y5yM6InHwo2GGMKfMshaGAioV45lWZWOj29hysxzVOKTbRyjwmV8F0F72Ddhtu9QT1PEckFRYMyMH8hsYBbK4ytpsXz2awvm48HAoZNo42bsIXTQ6SbTmqsl1xlYjsETrKl0jluDj9Sysc-jQ_0zyQRBAsGDRhcXHn7wK" rel="nofollow" target="_blank">CONTACT THE FIRM IF YOU SUFFERED A LOSS</a>]</p>  <p align="justify"><strong>What Is The Lawsuit About?</strong></p>  <p align="justify">The lawsuit has been filed on behalf of investors who purchased securities during the period of August 5, 2025 and June 22, 2026, inclusive ("the Class Period"). The lawsuit alleges that Primoris made materially false and misleading statements regarding Primoris’ cost estimation, cost-to-complete forecasting, project execution, ability to manage project risk, financial performance, and financial guidance because the Company knew or recklessly disregarded that: (i) Primoris’ 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; (ii) 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 (iii) accordingly, the Company’s statements regarding its estimating processes, project execution, ability to manage project risk, financial performance, and financial guidance lacked a reasonable basis and omitted material adverse facts.</p>  <p align="justify">On February 23, 2026, Primoris reported fourth quarter and full-year 2025 financial results, disclosing increased costs on certain renewable energy projects, more challenging-than-anticipated conditions, and margin compression within its Energy segment, acknowledging that these issues adversely affected profitability despite higher revenue. On this news, Primoris’ stock price fell $13.72 per share, or over 8%, to close at $151.92 per share on February 24, 2026.</p>  <p align="justify">Then, on May 5, 2026, the Company reported first quarter 2026 results, disclosed additional adverse developments affecting its renewable energy business, including revenue and margin pressure, delayed project starts, and weaker-than-expected first-quarter 2026 results. The Company also reduced its full-year 2026 Adjusted EPS guidance from $5.80-$6.00 to $4.80-$5.00 and lowered its Adjusted EBITDA guidance. On this news, Primoris’ stock price fell by $101.69, or over 50%, to close at $101.23 per share on May 6, 2026.</p>  <p align="justify">On June 8, 2026, Primoris announced that Anthony Vorderbruggen, the Company’s President of Renewables, was departing the Company, effective immediately. On this news, Primoris’ stock price declined approximately 15%, closing at $103.90 per share on June 9, 2026.</p>  <p align="justify">Finally, on June 22, 2026, Primoris announced that an internal review, supported by an independent third-party industry expert, had identified significant cost overruns, project delays, and execution challenges affecting six renewable energy projects. The Company also reduced its 2026 Adjusted EPS guidance to $2.05-$2.60 and lowered its Adjusted EBITDA guidance. Additionally, Primoris announced the resignation of Jeremy Kinch as Chief Operating Officer. On this news, Primoris’ stock price fell by $23.39 per share, or over 21%, to close at $84.95 on June 23, 2026.</p>  <p align="center">[<a href="https://www.globenewswire.com/Tracker?data=j5lMIDFoEMae6RR1T796xMp-QKJjH7DR3MT9WNpConHWrtTZiJZ41OkFbHlrmp75VNX24Ikzta9rhSnYvuI6xDHsTXktw2yGNaW4mmw6Jh4R7Ykwscf3-4IWcldspBpg9AH1jjHj8QQW6a9Jq1io7NGvNjwHZ5PLDWgQJHVsd5fJZFlnfSCZTYh3i7uieA_zkdW66opQRs05F4OrRpqTHg==" rel="nofollow" target="_blank">CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION</a>]</p>  <p align="justify"><strong>What Should I Do?</strong></p>  <p align="justify">If you purchased or otherwise acquired Primoris securities, have information, or would like to learn more about this investigation, please contact <a href="https://www.globenewswire.com/Tracker?data=8jNgZxYTXIlJnzXBEJMo8nYUdgNdRWleWBaf3rfM_kjCaIS1Zwrt4r4Kd5ITI4tGqOLBgnqEI8TSPhBKtgiLLdh1WG3WR6GXeymXFzIx3zDJ-mCTvtsr8ABSpQdBFD8L" rel="nofollow" target="_blank">Lauren Molinaro</a> of <a href="https://www.globenewswire.com/Tracker?data=LD8ImqxqgNFPDtxj0LTfwx4qhyUcM3QuAa1a7f3NwlKz5uZp_Emqa7TKGqrKn-CgVeaJxeTaUN_ySsh5JrAFrxV9zeCsvfPdx5PfugN5LRA=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> by email at <a href="https://www.globenewswire.com/Tracker?data=dOevac0HDidSaWTuxL-l6vorcyLrIHJHOKIW0z-kbNJoa0mIY-mfaaTB3Q06auB6O-LmJ3vB_W5e_XHHHBe3nOnK7JDqvvl8vDfAkQYNFNoaxX53udC1BdZ5Rk0C6rOH" rel="nofollow" target="_blank">investigations@kmllp.com</a>, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.</p>  <p align="center"><a href="https://www.globenewswire.com/Tracker?data=DcdQbaA7vJJUGRyimUaL0npMsxvBJYSBJsHdfG_6AbMuWVJ6qKDh9ZXOF5Xn03Un-BaxofLycHZbKeiyZGk073tzfrafQ3E4pi42l83gJ2xn4zzP6GiPGmuFpqXovJFI" rel="nofollow" target="_blank">[HOW CAN I PROTECT MY RIGHTS?]</a></p>  <p align="justify"><a href="https://www.globenewswire.com/Tracker?data=LD8ImqxqgNFPDtxj0LTfwycC_sZIUeM_9cPya9zRk2_Rdt_AiDx4Gac9fIJvAq9C1BMkVz8qwExXiVX3upFUlQ-qBRk_ZH2IYcQAkaIumj8=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s <a href="https://www.globenewswire.com/Tracker?data=goz9Pwc27ItqdzIoOOZeKk2cronuDKVVHWz6iDJt3bL3SmINr0kd7E6nBzC1St7RbeDHo1Mh_9HqnsITuLyomQ==" rel="nofollow" target="_blank">website</a>.</p>  <p align="justify">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p>  <p align="justify">Contacts<br></br>Kirby McInerney LLP        <br></br>Lauren Molinaro, Esq.<br></br>212-699-1171<br></br><a href="https://www.globenewswire.com/Tracker?data=hSFr26XRVUw1JEMEcN7Vj3CZgwOeStzMnoJlQWEHb5vvv8fNtZosKJgC6nmUI21Ke2b-abVT_mBMJY3OteC3psbhAh_XNYgj7AVWRR3FalU=" rel="nofollow" target="_blank">https://www.kmllp.com</a><br></br><a href="https://www.globenewswire.com/Tracker?data=hSFr26XRVUw1JEMEcN7Vj9RpApsIxbFk8cDWUmyEUgaBD-mt1whMtWJvB596QYiEFy-9o-U0KMbsdzzeuYc9Bu7Y2vP2lnpCRgZEr_BT2VCxkWCqiLNYPyaWF6j9ne8pFaHCTyoNRPUYpwW60UcsSA==" rel="nofollow" target="_blank">https://securitiesleadplaintiff.com/</a><br></br><a href="https://www.globenewswire.com/Tracker?data=dOevac0HDidSaWTuxL-l6vorcyLrIHJHOKIW0z-kbNLLX_BS7FigFxhduwr-QoS-Ei4a8EVocYc1KbOLC-fo0mFuIi9K2QoCT8j6VLCiHTvfVQGNZKaI6Ru3vdfiHE92" rel="nofollow" target="_blank">investigations@kmllp.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxMDAxMiM3Nzc2MjY3IzIwMjA2Njk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZjQyZGRlYjgtZDUxZS00ODJlLThhMzItYmQ3ZGYwM2VkZjQxLTEwMzE5OTctMjAyNi0wOC0xNC1lbg==/tiny/Kirby-McInerney-LLP.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/192da1d1-643f-4eee-b850-dde5b9f2b00f"><img src="https://ml.globenewswire.com/media/192da1d1-643f-4eee-b850-dde5b9f2b00f/small/linkedin-logo-300x300-png.png" border="0" width="147" height="147" alt="Primary Logo"></img></a></p>

Primoris is facing a securities class action alleging misstatements related to renewables costs and project risk from Aug 2025 to Jun 2026. The case follows February and May 2026 results showing cost overruns, margin compression, and lower guidance, plus leadership changes. This legal risk adds to ongoing execution concerns and could keep downside pressure on PRIM in the near term.

prim-shareholder-alert-securities-fraud-lawsuit-filed-on-behalf-of-primoris-services-corporation-investors-contact-kirby-mcinerney-llp-by-september-21-2026

News insight

PRIM SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of Primoris Services Corporation Investors - Contact Kirby McInerney LLP by September 21, 2026

AI summary

Sentiment rationale

Key facts

Legal