Newsfile Corp
15 Aug 2026, 02:33 UTC · 1h ago
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Primoris Services Corporation is facing a class action lawsuit alleging it systematically underestimated costs and risks for fixed-price renewable energy projects. — Allegations of systematic cost underestimation and execution failures in a core business segment suggest potential future earnings misses and operational instability.
-0.60The lawsuit claims Primoris' cost estimation and project oversight processes were deficient and failed to provide reliable profitability forecasts. — Claims of deficient internal controls and unreliable financial guidance undermine investor confidence in management's transparency and reporting.
-0.40A lead plaintiff deadline has been set for September 21, 2026, for the Primoris securities class action. — Procedural deadlines for class actions are standard and typically have low immediate impact unless the case reaches a settlement or judgment phase.
-0.10Which stocks this story touches
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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 class action lawsuit alleging false statements regarding cost estimation and project oversight.
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