#United States #New York #Class Action #Pomerantz Law Firm #Primoris Services

Class Action Alert: Primoris Services Corporation

Recently, Pomerantz LLP has announced the initiation of a class action lawsuit against Primoris Services Corporation, commonly referred to as Primoris, listed on the NYSE under the ticker symbol PRIM. The lawsuit is aimed at investors who have suffered losses on their investments in Primoris, suggesting potential securities fraud and unlawful business practices by the company and its officials.

Key Facts about the Lawsuit

Investors are encouraged to take action promptly as they have until September 21, 2026, to request to be appointed as the Lead Plaintiff in this case. For those who have purchased or acquired Primoris securities during the class period, reaching out to Pomerantz LLP is vital. Interested individuals can contact attorney Danielle Peyton directly via email or phone.

Background of the Issue

The controversy surrounding Primoris escalated after a series of unfavorable press releases concerning financial results and operational challenges.

• - February 23, 2026: Primoris disclosed its fourth-quarter and full-year results for 2025, revealing increased project costs and challenges with soil conditions that led to a notable drop in profitability, even amidst rising revenues. Following this announcement, the company's stock plummeted by approximately 8.28%, closing at $151.92 per share.

• - May 5, 2026: Following another disappointing earnings report with further adverse developments affecting its business, particularly in renewable energy, Primoris’s stock fell by over 50%, closing at $101.23 per share. This drastic decrease was accompanied by an announcement that expectations for 2026 adjusted earnings per share were significantly lowered.

• - June 8, 2026: The abrupt departure of Anthony Vorderbruggen, the President of Renewables, further fueled investor concerns. Shortly afterward, another market drop of 15.4% occurred, closing shares at $103.90.

• - June 22, 2026: A business update revealed severe challenges and project delays in six renewable energy projects, again prompting a sharp market reaction, with shares dropping to $84.95 on June 23, resulting in a 21.59% fall on that day alone.

These events have raised red flags about the integrity of Primoris's business practices and financial disclosures, leading to the current legal action.

How to Participate

Those eligible to participate in the class action should contact Pomerantz LLP at email protected] or call them toll-free. It is advisable for potential plaintiffs to provide personal details such as mailing addresses, phone numbers, and the total number of shares bought. A copy of the complaint can be reviewed at [Pomerantz Law.

About Pomerantz LLP

Pomerantz LLP is recognized for its significant contributions to securities law and has a robust track record of advocating for stakeholders affected by corporate misconduct. Established over 85 years ago, Pomerantz continues to uphold the principles laid down by its founder, Abraham L. Pomerantz, known as the dean of the class action bar. With headquarters spanning major cities worldwide, the firm has frequently secured substantial settlements for its clients, emphasizing their commitment to justice in the financial sector.

In conclusion, investors of Primoris Services Corporation who have experienced losses are encouraged to assess their legal options diligently and consider joining the ongoing class action lawsuit to potentially reclaim their losses. With deadlines approaching rapidly, prompt action is essential.