{"id":996259,"date":"2026-08-17T20:29:50","date_gmt":"2026-08-18T00:29:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\/"},"modified":"2026-08-17T20:29:50","modified_gmt":"2026-08-18T00:29:50","slug":"prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\/","title":{"rendered":"PRIM INVESTOR ALERT: Primoris (NYSE: PRIM) Reports Dismal Q2 Financial Results Amid Securities Class Action Concerning Renewable Project Failures &#8211; HBSS"},"content":{"rendered":"<div class=\"mw_release\">\n<p>SAN FRANCISCO, Aug.  17, 2026  (GLOBE NEWSWIRE) &#8212; National shareholder rights law firm Hagens Berman Sobol Shapiro LLP urges investors in Primoris Services Corporation <strong>(NYSE: PRIM)<\/strong> who suffered substantial losses to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7GjBYWogL022awtEZOEALdhBvjsQ1ujwvIKrGKu6Rc2YRrVshMM9Of-LI1A20N1Sw7OG4OArhtYB803iEMr-fekhlLsrIvGKzKQEUfYLKn_rXLl1b6w8oTL6VtN28BJdwf5RP3UTYH2gBUIVVwTY3TQCFFM3mi8FJBTHOSmxVGfxpoDinjNJEY-kSGKroS5h\" rel=\"nofollow\" target=\"_blank\">submit your losses now<\/a>.<\/p>\n<p>The company\u2019s newly released Q2 2026 financial results and earnings call have intensified the scope of an ongoing securities class action lawsuit.<\/p>\n<p>The ongoing litigation represents investors who purchased Primoris common stock between August 5, 2025, and June 22, 2026.<\/p>\n<p>\n        <strong>PRIM Securities Class Action<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <strong>Class Period: <\/strong>Aug. 5, 2025 \u2013 June 22, 2026<\/li>\n<li>\n          <strong>Lead Plaintiff Deadline: <\/strong>Sept. 21, 2026<\/li>\n<li>\n          <strong>Visit:<\/strong><br \/>\n          <a href=\"https:\/\/www.hbsslaw.com\/investor-fraud\/prim\" rel=\"nofollow\" target=\"_blank\">www.hbsslaw.com\/investor-fraud\/prim<\/a>\n        <\/li>\n<li>\n          <strong>Contact the Firm Now: <\/strong><br \/>\n          <a href=\"mailto:PRIM@hbsslaw.com\" rel=\"nofollow\" target=\"_blank\">PRIM@hbsslaw.com<\/a>\n        <\/li>\n<\/ul>\n<p>844-916-0895<\/p>\n<p>\n        <strong>Primoris\u2019 Latest 8-K and Q2 Earnings Call<\/strong>\n      <\/p>\n<p>Primoris\u2019 recent financial disclosures and August 5 conference call touched on core issues alleged in the securities class action stemming from the company\u2019s renewable energy projects:<\/p>\n<ul type=\"disc\">\n<li>\n          <strong>Massive Financial Toll:<\/strong> Primoris reported a net loss of $24.2 million alongside revenue dropping 10.6% year-over-year to $1.69 billion (missing consensus estimates). Adjusted EBITDA plummeted to just $11.4 million.<\/li>\n<li>\n          <strong>The Six Troubled Renewable Projects:<\/strong> Management attributed its declining performance to cost overruns and volume declines across <strong>six specific renewable energy projects<\/strong>, generating a <strong>$200 million in negative cash flow impact<\/strong>.<\/li>\n<li>\n          <strong>Segment Margin Destruction:<\/strong> Primoris\u2019 core Energy segment swung to a gross loss, with segment gross margins dropping to <strong>-0.3%<\/strong> compared to historical double-digit norms.<\/li>\n<li>\n          <strong>Admitted Execution Failures:<\/strong> Leadership stated that project redesigns, sequencing errors, labor productivity bottlenecks, and sub-surface hurdles severely distorted cost-to-complete metrics.<\/li>\n<\/ul>\n<p>\n        <strong>Core Allegations in the PRIM Securities Class Action:<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <strong>The Alleged Misstatements<\/strong>: During the Class Period, defendants repeatedly assured investors that Primoris maintained \u201cdisciplined bidding,\u201d \u201cwell-developed estimating processes,\u201d effective project controls, and reliable forecasting that enabled it to accurately price and execute fixed-price renewable energy projects, \u201cmanage risk,\u201d and reliably forecast revenues, margins, and earnings.<\/li>\n<li>\n          <strong>The Alleged Reality<\/strong>: The complaint alleges that in truth the Defendants concealed that Primoris\u2019 estimating, cost-to-complete forecasting, and project oversight processes were woefully deficient. As a result, the company systematically underestimated project costs and risks on multiple significant renewable energy projects.<\/li>\n<li>\n          <strong>The Truth Emerges<\/strong>: Investors first learned of the company&#8217;s troubles in February 2026, when management attributed declining gross margins to isolated soil and rock challenges while assuring the market that remedial measures were on track. That confidence collapsed on May 5, 2026, when Q1 financial results revealed a severe plunge in Energy segment profits. During the earnings call the next day, CEO Koti Vadlamudi admitted that the struggles stemmed from widespread operational failures\u2014including costly project redesigns, labor shortages, sequencing errors, and weather disruptions\u2014rather than simple ground conditions. The full scope of the crisis was exposed after the market closed on June 22, 2026, when Primoris shocked investors by announcing that ongoing problems across six key projects would cause 2026 renewables revenue to crater by 30%, wiping out $900 million in expected sales. <\/p>\n<\/li>\n<\/ul>\n<p>\u201cOur investigation is focused on whether Primoris adequately disclosed the scope and severity of execution risks within its renewables business,\u201d said <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PXLk1fT2mGdAVA1KikUpIRP_uXPPr5dlvnOehO1WNlvuZHE1VyqImsi3ej0pFk6LrV9lNNUL48r0ojM4xZDX9UByiZvKtDXBwwUOLzdr6UhOPxYMSH8HMhcixGhtOODj\" rel=\"nofollow\" target=\"_blank\"><strong>Reed Kathrein<\/strong><\/a>, the Hagens Berman partner leading the firm\u2019s investigation of the pending claims.<\/p>\n<p>If you invested in Primoris and have substantial losses, or have knowledge that will assist the firm\u2019s investigation, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7GjBYWogL022awtEZOEALdhBvjsQ1ujwvIKrGKu6Rc3C8AgwIQIVSW8rqrcMB4PCyPrzyR59ZFZFUA4v_-jN5fPolFmBrZp0AxxT3lsJmpZ1gAjdpHUvDJEckhUgF1KGaRTRkFrLAgIAiZqMJ_FbhUDoy-LP17ozyyqAQMy1R14Bh_NwRNEUM3GGl3zdFNTx\" rel=\"nofollow\" target=\"_blank\">submit your losses now<\/a> \u00bb<\/p>\n<p>If you\u2019d like more information and answers to other frequently asked questions about the firm\u2019s Primoris investigation, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ttbtvyo5GaeSNQP71GAW3pJipInhukdvs7motmi9JWd-72Xo8DbJ6qUT4LBUugILptdnKxK9ZnxkRJb6nGjGbXiJwdPGWjGVtdfEyhlsRXAq0JzmIeSVvV8063X5LWWzbra2_nSKJG1Ag-id5pXcFaRXKpm-h6LzYeGNPCCCnOE=\" rel=\"nofollow\" target=\"_blank\">read more<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LQNoY7js50mb0ZbSG_ijC6mKP3pR5kJXBRL-aq5As8vMc_dp9tKuwKW4cvf13dzkjJH_ESf-_gd9Fk3G0CNAOm9Z36rQmHdkOiA-XSJsVhPdc5gLL9IxurqWbQGTJCPGvoLteAkhWLuWcbDd9fPPcqVwbzi76lm91es3kQHA1bQ=\" rel=\"nofollow\" target=\"_blank\"> \u00bb<\/a><\/p>\n<p>\n        <strong>Whistleblowers: <\/strong>Persons with non-public information regarding Primoris should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at <strong>844-916-0895<\/strong> or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WYBwzWEnTlWB4E6KciEhRHucxQnIe6qVFJ2yMWcE0RApmjeHbW3R104lQBD6j-jpVgXqO1bWnMwWjuee4-zFwr8x14rSv_Ke951SWqqsVKg=\" rel=\"nofollow\" target=\"_blank\">PRIM@hbsslaw.com<\/a>.<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7Gcdjo37SNMU6pAhkMnlg21mu3h92RqIP7a8rrrQYpMqLnkWSTwv6tJUJ3xrWYmrQmxVp_0fw8IKjwGm1HXy3DdKt65-jSM1SLdF4QGSndY=\" rel=\"nofollow\" target=\"_blank\">About Hagens Berman<\/a><br \/>\n        <br \/>Hagens Berman is a global plaintiffs\u2019 rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman\u2019s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mrVdWjldCesK1Z4KOnET3GzVdbmjr3ZZwFjwkM5M_9Q0CKrcK_hS86yJKA2tT0cj3xwbOdhnLCS3EOUuvjKlEQ==\" rel=\"nofollow\" target=\"_blank\">hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=h0qdxyrpz_TpkaCm8UX40uQGlmgsAOPhiBoP7gog-6TFyVRLfrXyiLvYL8dQ-8ucWMbrE5yjCZzKKaeyvCSPE3aYO0SNqmg7Hhb7j36DgPV5vEUjgJFw8X-PZBFc_LhY\" rel=\"nofollow\" target=\"_blank\">@ClassActionLaw<\/a>.\u00a0<\/p>\n<p>Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.<\/p>\n<p>Contact:\u00a0Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, <strong>844-916-0895, <\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WYBwzWEnTlWB4E6KciEhRNPPvkuWueoIyeyfMg_HtmQwzPrT6-MJTdYckVgYfL0zAcFcKEXXrkyfxrjYqLKMcVQwEAOH7yG3EeB-A0PhONQ=\" rel=\"nofollow\" target=\"_blank\">PRIM@hbsslaw.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMTc0MCM3NzgxMTUwIzIwMTg1MzI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NjRiZTk4YzUtMDRhNi00ZTRiLWFhODgtMTY3NzE5YjM2ZDBhLTEwMzAxMDUtMjAyNi0wOC0xOC1lbg==\/tiny\/Hagens-Berman-Sobol-Shapiro-LL.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, Aug. 17, 2026 (GLOBE NEWSWIRE) &#8212; National shareholder rights law firm Hagens Berman Sobol Shapiro LLP urges investors in Primoris Services Corporation (NYSE: PRIM) who suffered substantial losses to submit your losses now. The company\u2019s newly released Q2 2026 financial results and earnings call have intensified the scope of an ongoing securities class action lawsuit. The ongoing litigation represents investors who purchased Primoris common stock between August 5, 2025, and June 22, 2026. PRIM Securities Class Action Class Period: Aug. 5, 2025 \u2013 June 22, 2026 Lead Plaintiff Deadline: Sept. 21, 2026 Visit: www.hbsslaw.com\/investor-fraud\/prim Contact the Firm Now: PRIM@hbsslaw.com 844-916-0895 Primoris\u2019 Latest 8-K and Q2 Earnings Call Primoris\u2019 recent financial disclosures and August 5 conference call touched on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PRIM INVESTOR ALERT: Primoris (NYSE: PRIM) Reports Dismal Q2 Financial Results Amid Securities Class Action Concerning Renewable Project Failures &#8211; HBSS&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-996259","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PRIM INVESTOR ALERT: Primoris (NYSE: PRIM) Reports Dismal Q2 Financial Results Amid Securities Class Action Concerning Renewable Project Failures - HBSS - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PRIM INVESTOR ALERT: Primoris (NYSE: PRIM) Reports Dismal Q2 Financial Results Amid Securities Class Action Concerning Renewable Project Failures - HBSS - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, Aug. 17, 2026 (GLOBE NEWSWIRE) &#8212; National shareholder rights law firm Hagens Berman Sobol Shapiro LLP urges investors in Primoris Services Corporation (NYSE: PRIM) who suffered substantial losses to submit your losses now. The company\u2019s newly released Q2 2026 financial results and earnings call have intensified the scope of an ongoing securities class action lawsuit. The ongoing litigation represents investors who purchased Primoris common stock between August 5, 2025, and June 22, 2026. PRIM Securities Class Action Class Period: Aug. 5, 2025 \u2013 June 22, 2026 Lead Plaintiff Deadline: Sept. 21, 2026 Visit: www.hbsslaw.com\/investor-fraud\/prim Contact the Firm Now: PRIM@hbsslaw.com 844-916-0895 Primoris\u2019 Latest 8-K and Q2 Earnings Call Primoris\u2019 recent financial disclosures and August 5 conference call touched on &hellip; Continue reading &quot;PRIM INVESTOR ALERT: Primoris (NYSE: PRIM) Reports Dismal Q2 Financial Results Amid Securities Class Action Concerning Renewable Project Failures &#8211; HBSS&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-18T00:29:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMTc0MCM3NzgxMTUwIzIwMTg1MzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PRIM INVESTOR ALERT: Primoris (NYSE: PRIM) Reports Dismal Q2 Financial Results Amid Securities Class Action Concerning Renewable Project Failures &#8211; 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National shareholder rights law firm Hagens Berman Sobol Shapiro LLP urges investors in Primoris Services Corporation (NYSE: PRIM) who suffered substantial losses to submit your losses now. The company\u2019s newly released Q2 2026 financial results and earnings call have intensified the scope of an ongoing securities class action lawsuit. The ongoing litigation represents investors who purchased Primoris common stock between August 5, 2025, and June 22, 2026. PRIM Securities Class Action Class Period: Aug. 5, 2025 \u2013 June 22, 2026 Lead Plaintiff Deadline: Sept. 21, 2026 Visit: www.hbsslaw.com\/investor-fraud\/prim Contact the Firm Now: PRIM@hbsslaw.com 844-916-0895 Primoris\u2019 Latest 8-K and Q2 Earnings Call Primoris\u2019 recent financial disclosures and August 5 conference call touched on &hellip; Continue reading \"PRIM INVESTOR ALERT: Primoris (NYSE: PRIM) Reports Dismal Q2 Financial Results Amid Securities Class Action Concerning Renewable Project Failures &#8211; HBSS\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-18T00:29:50+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMTc0MCM3NzgxMTUwIzIwMTg1MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/prim-investor-alert-primoris-nyse-prim-reports-dismal-q2-financial-results-amid-securities-class-action-concerning-renewable-project-failures-hbss\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PRIM INVESTOR ALERT: Primoris (NYSE: PRIM) Reports Dismal Q2 Financial Results Amid Securities Class Action Concerning Renewable Project Failures &#8211; 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