{"id":1002032,"date":"2026-09-09T11:18:35","date_gmt":"2026-09-09T15:18:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-services-corporation-securities-class-action-notice-contact-levi-korsinsky-3\/"},"modified":"2026-09-09T11:18:35","modified_gmt":"2026-09-09T15:18:35","slug":"prim-investor-alert-primoris-services-corporation-securities-class-action-notice-contact-levi-korsinsky-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-services-corporation-securities-class-action-notice-contact-levi-korsinsky-3\/","title":{"rendered":"PRIM Investor Alert: Primoris Services Corporation Securities Class Action Notice – Contact Levi & Korsinsky"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Important Notice Regarding Alleged<\/span> Disciplined Bidding and Project Control Misrepresentations. The complaint alleges<\/span> Primoris investors suffered losses after assurances about fixed-price renewable energy project estimating and controls were called into question.<\/i>\n <\/p>\n

\n NEW YORK<\/span>, Sept. 9, 2026<\/span> \/PRNewswire\/ — Levi &\u00a0Korsinsky, LLP notifies investors in Primoris Services Corporation (NYSE: PRIM) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between August 5, 2025 and June 22, 2026. Find out if you could qualify to recover your losses<\/a>. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/a>\u00a0or (212) 363-7500.<\/p>\n

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\n \"Levi\n <\/p>\n<\/p><\/div>\n

PRIM shares declined 21.6%, or $23.39 per share, on June 23, 2026 after Primoris announced that an internal review identified substantial challenges, cost overruns, and delays affecting six renewable energy projects. Applications to serve as lead plaintiff must be filed by September 21, 2026.<\/p>\n

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\n Alleged<\/span> Disciplined Bidding Securities Fraud<\/span> Framework<\/b>\n <\/p>\n

According to the lawsuit, Primoris emphasized “disciplined bidding,” “well-developed estimating processes,” effective project controls, and reliable risk management for fixed-price renewable energy projects. The complaint alleges<\/span> those representations were materially misleading because the Company’s estimating, cost-to-complete forecasting, and project oversight processes were deficient.<\/p>\n

Because Primoris performed substantial renewable energy work under fixed-price contracts, the lawsuit contends that accurate estimates were central to margins, project profitability, and reported financial results. As alleged<\/span>, investors overpaid while the risks tied to project cost overruns were understated.<\/p>\n

\n How Estimating Deficiencies Allegedly<\/span> Affected Reported Financials<\/b>\n <\/p>\n

Primoris used a cost-to-cost input method to recognize revenue over time based on costs incurred relative to total estimated costs at completion. The complaint alleges<\/span> that deficient estimates caused expected project costs to be understated and expected project profitability to be overstated.<\/p>\n

\n “This case presents important questions about disciplined bidding and project controls disclosure obligations in the infrastructure construction sector. As alleged<\/span>, investors were asked to rely on assurances about estimating processes while significant renewable project cost risks were not fully disclosed.”<\/i>\u00a0— Joseph E. Levi, Esq.<\/p>\n

\n Key Disciplined Bidding Allegations for Shareholders<\/b>\n <\/p>\n