NEW YORK, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Primoris Services Corporation (PRIM) shares fell after the Company's third-quarter 2026 report showed revenue down 10.4% year over year and approximately $450 million of revenue pushed beyond 2026. The delays and cost overruns behind that deferral were concentrated in its Energy/renewables business. If you lost money on PRIM shares, you may have legal rights. Investors who suffered losses on Primoris shares are encouraged to submit their PRIM loss details now. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
The pressure sits in one segment. The Company's 2026 quarterly filings reported cost overruns on six renewable projects and a $56.4 million operating loss in the Energy segment. Energy gross margin fell from 10.8% to a gross loss of 0.3%.
Delayed project starts and slower customer work releases in Energy/renewables drove the revenue deferral. Levi & Korsinsky is investigating potential securities law violations, including whether Primoris may not have adequately disclosed the risks tied to its renewable project portfolio.
If you bought Primoris shares and lost money, you can request a review of your PRIM losses or call (212) 363-7500.
ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured billions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.
Frequently Asked Questions About the PRIM Investigation
Q: What is the PRIM investigation about? A: A securities investigation is underway concerning Primoris Services Corporation (PRIM). It concerns potentially materially false or misleading statements. Shares fell after the Company reported revenue down 10.4% year over year and approximately $450 million of revenue deferred beyond 2026. That deferral was tied to delays and cost overruns in its Energy/renewables business, and shareholders suffered losses.
Q: Who is conducting the PRIM investigation? A: Levi & Korsinsky, LLP is investigating potential securities claims on behalf of investors who purchased PRIM securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered billions of dollars for aggrieved investors.
Q: Who is eligible to participate in the PRIM investigation? A: Investors who purchased PRIM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do PRIM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my PRIM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought PRIM and sold at a loss may still participate in the investigation.
Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
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