Overview
- Multiple plaintiff firms including Rosen Law Firm, The Gross Law Firm, and Kessler Topaz issued investor notices this week, telling holders who bought Primoris stock from August 5, 2025 through June 22, 2026 to contact counsel and consider joining a federal securities class action.
- The complaint alleges Primoris understated costs and risks on fixed-price renewable projects by using deficient cost estimation, cost-to-complete forecasting, and project oversight that produced material cost overruns and schedule delays.
- Plaintiffs say the company’s corrective disclosures about overruns and executive departures caused steep share-price declines and investor losses when the true project performance became public.
- Investors have until September 21, 2026 to file motions to be appointed lead plaintiff in the Northern District of Texas case and firms stress there are contingency-fee arrangements so participants face no out-of-pocket legal fees.
- Background: Primoris revealed worsening renewables performance in February, reported weak first-quarter 2026 results in May, and on June 22 announced additional overruns and executive exits that materially reduced its 2026 outlook and market value.