GlobeNewsWire
04 Aug 2026, 22:45 UTC · 3h ago
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Primoris Services Corporation (PRIM) is facing a class action lawsuit alleging it provided false or misleading statements regarding its cost estimation and project oversight for fixed-price renewable energy projects. — Allegations of systemic cost underestimation and deficient forecasting on major projects suggest potential future earnings revisions and operational instability.
-0.60The lawsuit claims that Primoris experienced material cost overruns, execution problems, and schedule delays on significant fixed-price renewable energy projects. — Direct evidence of execution failure in the high-growth renewable sector can damage investor confidence in the company's core competency.
-0.40The deadline for investors to move the court to serve as lead plaintiff in the Primoris class action is September 21, 2026. — Procedural deadlines for lawsuits are standard legal developments and typically have minimal immediate effect on stock price.
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The company is the subject of a notice regarding a securities class action lawsuit.
The company is the subject of a notice regarding a securities class action lawsuit.
The company is facing a class action lawsuit alleging false statements and deficiencies in cost estimation for renewable energy projects.
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