Pomerantz says Primoris investors face Sept. 21 deadline in class action
Pomerantz LLP says a class action has been filed against Primoris Services Corp. and says investors who bought the stock during the class period may seek lead-plaintiff status by Sept. 21, 2026.
Pomerantz LLP says a class action lawsuit has been filed against Primoris Services Corporation, and that investors who bought or otherwise acquired the company’s securities during the class period may ask a court to appoint them lead plaintiff by Sept. 21, 2026.
The notice says the case follows a series of 2026 company disclosures that were followed by sharp declines in Primoris shares. It says the suit concerns whether Primoris and certain officers or directors engaged in securities fraud or other unlawful business practices.
According to the notice, Primoris reported fourth-quarter and full-year 2025 results on Feb. 23, 2026, and disclosed increased costs on certain renewable energy projects, more difficult-than-expected soil conditions and margin compression in its Energy segment. The notice says the stock fell $13.72, or 8.28%, to $151.92 on Feb. 24.
Pomerantz says Primoris reported first-quarter 2026 results on May 5 and disclosed revenue and margin pressure, delayed project starts and weaker-than-expected results. The company also cut full-year 2026 adjusted earnings per share guidance from $5.80-$6.00 to $4.80-$5.00 and lowered adjusted EBITDA guidance, according to the notice. It says the stock fell $101.69, or 50.11%, to $101.23 on May 6.
The notice says Primoris announced on June 8 that Anthony Vorderbruggen, president of renewables, was departing effective immediately. It says the stock fell $18.92, or 15.4%, to $103.90 the next day.
On June 22, Primoris issued a business update after an internal review supported by an independent third-party industry expert, the notice says. It says the company identified substantial challenges, cost overruns and project delays affecting six renewable energy projects, cut full-year 2026 adjusted EPS guidance to $2.05-$2.60, lowered adjusted EBITDA guidance to $275 million-$325 million, projected 2026 renewables revenue of about $2.1 billion and announced the resignation of its chief operating officer. The notice says the stock fell $23.39, or 21.59%, to $84.95 on June 23.
The notice gives investors contact information for Danielle Peyton at Pomerantz LLP and says a copy of the complaint is available at pomerantzlaw.com. It also says investors who inquire by email should include a mailing address, telephone number and number of shares purchased.
Investors who believe they meet the class-period criteria may seek appointment as lead plaintiff by the Sept. 21 deadline stated in the notice.
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