The scrutiny centers on the company’s struggling renewable energy division. On May 5, 2026, Primoris reported first-quarter results that missed analyst expectations and slashed its full-year adjusted EBITDA guidance by as much as $100 million. Shares plummeted 50.11% the following day as management cited project delays and rising costs.

Conditions worsened on June 22, when the firm announced the exit of its COO alongside further cost overruns. Projections for the renewables segment were revised sharply downward, with expected annual revenue falling to $2.1 billion from $3.0 billion in 2025. This disclosure triggered another sell-off, with shares dropping an additional 21.59%. Investors affected by these losses are being urged to contact Danielle Peyton at Pomerantz LLP to discuss potential claims.