PRNewsWire
08 Aug 2026, 02:00 UTC · 2h ago
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Primoris Services Corporation (PRIM) is facing a securities class action lawsuit alleging it overstated 2026 Adjusted EPS and Adjusted EBITDA guidance. — Allegations of misleading financial guidance and overstated earnings typically lead to decreased investor confidence and potential downward price adjustments.
-0.60The lawsuit claims Primoris failed to disclose substantial challenges, cost overruns, and project delays across six projects in its renewable energy segment. — Operational failures in a key growth segment like renewables suggest systemic risks and potential future margin compression.
-0.50Investors are being reminded of a September 21, 2026, deadline to file lead plaintiff applications for shares purchased between August 5, 2025, and June 22, 2026. — While this is a procedural legal reminder, it signals the active progression of a lawsuit that could lead to significant settlement costs.
-0.10Continue reading
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The company is mentioned as the subject of a shareholder alert regarding a securities class action lawsuit.
The company is facing a securities class action lawsuit alleging material omissions regarding cost overruns and overstated financial guidance.
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