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Primoris shares plunge 50% after missing earnings and cutting guidance, triggering fraud investigation

Market News
13 May 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

Primoris Services Corporation reported Q1 2026 results that fell short of analyst expectations and lowered its full-year adjusted EBITDA forecast, citing higher costs and reduced renewable energy activity. Following this announcement, the company's shares dropped over 50%. The Schall Law Firm has launched an investigation into whether Primoris made false or misleading statements or failed to disclose important information to investors. Shareholders who suffered losses are encouraged to contact the firm to discuss potential legal action.

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