Primoris Slides 35% After Renewables Cost Hit, 2026 Outlook Cut
Primoris Services Corp dropped 35.5% in premarket trading Tuesday, Dow Jones/FactSet said, after the infrastructure firm cut its 2026 profit forecast. The move follows new cost overruns in its renewables unit. This isn’t just a routine guidance cut. The decision has stirred up worries that the issues dogging renewable-energy projects since the first quarter haven't let up. Those projects seem to be turning against the company again, and now there’s also a new operations head in the mix.