Primoris Services Faces Class Action Over Renewable Energy Project Delays

The legal action, Boston Retirement System v. Primoris Services Corp., stems from a June 22, 2026, disclosure revealing significant cost overruns and project delays across six renewable energy initiatives. Following this internal review, the company slashed its full-year 2026 adjusted EPS guidance to a range of $2.05 to $2.60 and lowered its EBITDA projections to between $275 million and $325 million. The announcement also included the resignation of the firm's Chief Operating Officer, triggering a 22% drop in the company's share price by the following trading session.

Kahn Swick & Foti, LLC, representing the plaintiffs, claims that Primoris executives withheld material information from shareholders throughout the specified class period. While investors have until September 21, 2026, to request lead plaintiff status through the court, the firm notes that individual investors do not need to serve in that role to participate in potential financial recoveries. Managing partner Lewis Kahn is overseeing the outreach for those seeking further information on the proceedings.