The litigation, Boston Retirement System v. Primoris Services Corp., stems from allegations that the company and certain executives failed to disclose material information regarding operational challenges. The legal action follows a June 22, 2026, disclosure in which Primoris identified significant cost overruns and project delays across six renewable energy initiatives. The company subsequently 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.
Primoris Investors Face September Deadline in Securities Class Action
Investors who purchased Primoris Services Corporation shares between August 5, 2025, and June 22, 2026, have until September 21, 2026, to seek lead plaintiff status in a federal securities class action lawsuit currently pending in the Northern District of Texas.
Following the announcement and the resignation of the firm’s Chief Operating Officer, Primoris stock dropped 22%, closing at $84.95 per share on June 23, 2026. Investors seeking to address these losses are encouraged to contact Lewis Kahn at Kahn Swick & Foti, LLC, the firm representing the class. While the court deadline for lead plaintiff applications is September 21, 2026, participation in any potential future recovery does not mandate serving in that formal capacity.
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