Primoris investors face Sept. 21 deadline in securities class action
A PR Newswire investor notice says a securities class action against Primoris Services Corporation centers on alleged misleading statements about renewable-energy project execution and guidance.
A PR Newswire investor notice published Aug. 6 says a securities class action has been filed against Primoris Services Corporation, or Primoris, over alleged misleading statements tied to renewable-energy project execution, cost controls and financial guidance.
The notice says the case covers shareholders who purchased Primoris securities between Aug. 5, 2025, and June 22, 2026. It says the lead plaintiff deadline is Sept. 21, 2026.
According to the notice, the lawsuit alleges Primoris misrepresented how fixed-price renewable-energy projects were being bid, estimated and managed. The notice says the claims center on statements about disciplined bidding, project controls, cost forecasting, project risk and guidance.
The notice says Primoris disclosed an internal review that identified substantial challenges, cost overruns and project delays across six renewable-energy projects. It says PRIM shares fell $23.39, or 21.6%, from $108.34 to $84.95 after that announcement.
The notice also identifies Jeremy Kinch as Primoris’ chief operating officer during the class period until his departure on June 22, 2026. It says he allegedly took part in communications about project execution, bidding discipline and risk management.
Primoris is a Texas-based infrastructure company that has expanded into renewable-energy work, according to the notice. The lawsuit, the notice says, was filed in the U.S. District Court for the Northern District of Texas, Dallas Division, and asserts claims under the Exchange Act and federal securities laws.
In a quoted statement included in the notice, Joseph E. Levi of Levi & Korsinsky said officers who speak to investors about project execution and risk controls may bear responsibility when material operational problems are alleged.
The notice lists Joseph E. Levi, Esq. as a contact at Levi & Korsinsky LLP and gives a phone number for investors seeking information. It says shareholders may seek appointment as lead plaintiff before the Sept. 21 deadline.
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