Newsfile Corp
09 Aug 2026, 23:12 UTC · 2h ago
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Primoris Services Corporation is facing a securities class action lawsuit alleging that its cost estimation and project oversight processes for renewable energy projects were deficient. — Allegations of systemic failures in cost forecasting and project management in a key growth sector suggest potential future earnings misses and operational instability.
-0.60The lawsuit claims Primoris systematically underestimated costs and risks for fixed-price renewable energy projects, leading to material cost overruns and schedule delays. — Material cost overruns on fixed-price contracts directly erode profit margins and imply poor internal controls.
-0.50Investors are being encouraged to move for lead plaintiff status in the class action by a deadline of September 21, 2026. — While legal deadlines are procedural, the active solicitation of lead plaintiffs increases the visibility of the litigation risk.
-0.10Continue reading
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The company is mentioned as being subject to a securities class action lawsuit.
The company is mentioned as being subject to a securities class action lawsuit.
The company is facing a securities class action lawsuit alleging false statements regarding cost estimation and project oversight.
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Newsfile Corp
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