Primoris stock plunges 40% after cutting 2026 earnings forecast, triggering legal probe.

Primoris Services Corporation's stock dropped over 40% on May 6, 2026, after the company reported Q1 results below expectations and lowered its full-year adjusted EBITDA guidance significantly. The company cited reduced renewable energy activity, project delays, and higher costs as reasons for the cut, contradicting earlier optimistic statements made in February 2026. This sharp decline has prompted Block & Leviton to investigate potential securities law violations and offer assistance to affected investors. Investors who suffered losses may be eligible to recover funds through legal action initiated by the firm.