Today: 3 July 2026
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NASDAQ:PRIM 6 May 2026 - 23 June 2026

Primoris Slides 35% After Renewables Cost Hit, 2026 Outlook Cut

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.
Primoris Services Corporation Stock Crash: Why PRIM Shares Are Plunging After Q1 Earnings Miss

Primoris Services Corporation Stock Crash: Why PRIM Shares Are Plunging After Q1 Earnings Miss

Shares of Primoris Services Corporation tumbled roughly 49% on Wednesday. The infrastructure contractor missed first-quarter earnings forecasts and its profit guidance for 2026 came in short of Wall Street’s view, with renewable-energy project cost overruns dragging down margins. Shares changed hands at $102.54 around midday Central time—off $100.38 from where they finished the previous session. The opening print was $120, and the stock slid as low as $101.60 intraday. That wipeout took out much of the big rally that had previously linked Primoris to themes like power-grid, gas-generation, and data-center construction demand.

Stock Market Today

  • CVC Income & Growth sets September 2026 tender limits for Sterling, Euro shares
    July 3, 2026, 3:51 AM EDT. CVC Income & Growth Limited reported that it set the share caps for its September 2026 semi-annual tender: 155.5 million Sterling Shares and 83.0 million Euro Shares. The company said these figures stick to the rules in its April 2026 AGM and March 2019 prospectus. The limits match regulatory requirements from the UK Financial Conduct Authority. BNP Paribas and Cadarn Capital are listed as investor contacts. The tender restrictions apply to shareholders looking to sell shares back to CVC Income & Growth during the window.
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