July 2, 2026
We are positive on PRIM post its aggressive negative revision of F’26 outlook. We believe management’s conservatism sets up PRIM for strong F’27 EBITDA growth and see upside to the Renewables guidance for flat growth…
December 23, 2025
Google announced a landmark deal to acquire Intersect Power, a tier 1 clean energy developer and one of PRIM’s largest customers. We break apart this monumental shift in energy procurement strategy and what it means…
November 13, 2025
PRIM posted a 0.7x trailing 12 months book-to-bill to overshadow a safe-harbor driven beat-and-raise quarter. On the call, management cited policy uncertainty. Clients we speak with seem to be moving to the sidelines, but we…
October 10, 2025
We are hopeful about the appointment of a tenured Jacobs executive with strong experience across Primoris’ most critical growth markets. Reiterate BUY. Traditionally, Primoris has drawn senior and divisional leadership from a cadre of ex-CB&I…
October 1, 2025
Management continues to emphasize a strong ’26 opportunity-set for continued utility-scale solar gains, but we believe investors expect potential gas generation commentary to drive a possible +HSD % move from these levels. Tweaking our Gas…
September 22, 2025
We initiate coverage of Primoris Services at BUY with a PT of $160 to highlight a shift in the utility capex cycle towards generation, and emphasize how PRIM’s strong market position and unique staffing capabilities…