Primoris Services stock gets renewables update as five projects finish

Published on 10/04/2026 at 17:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Primoris Services stock was last at USD 79.08 on October 2, 2026. Analysts gave the shares a Moderate Buy consensus and a USD 127.60 average target.

PRIM, US74164F1030, Illustration mit AI erstellt.

Primoris Services Corporation stock (ISIN US74164F1030) was last at USD 79.08 on the NYSE on October 2, 2026, up 3.71 percent from the previous session. The latest company update puts execution in the renewables segment at the center of the story: five of six challenged utility-scale solar projects had reached mechanical completion by September 28, 2026, according to Business Wire.

Five solar projects reach completion

The remaining project was on track for mechanical completion in the fourth quarter, giving investors a measurable operational checkpoint after margin pressure affected Primoris' 2026 results. The same September 28, 2026 update named Matt Tetrault president of Renewables, effective that date, with experience in utility-scale renewable energy construction.

Primoris also said the project reset remains linked to execution risk rather than demand alone. The company provides engineering, construction and maintenance services across utilities, energy, renewables, communications, transportation and industrial infrastructure in the United States and Canada.

Revenue fell in the second quarter

For the quarter ended June 30, 2026, revenue declined 10.7 percent year over year to USD 1.6882 billion, while Primoris reported a quarterly loss per share of USD 0.27 against a consensus loss of USD 0.35, according to MarketBeat. The revenue comparison shows why completion milestones matter: the company must convert project execution into margin recovery after the decline.

MarketBeat lists a Moderate Buy consensus from 17 research firms, including 10 Buy ratings and seven Holds, with an average 12-month price target of USD 127.60. Relative to the USD 79.08 price on October 2, 2026, that consensus target lies 61.4 percent above the stock.

Neutral rating carries a USD 105 target

Cantor Fitzgerald reiterated a Neutral rating and a USD 105.00 price target in a note dated September 29, 2026, according to MarketBeat. That view places greater weight on the pace of energy-margin recovery, while the company update provides a concrete test through the final challenged solar project.

Stock remains below its yearly high

Primoris Services stock was last at USD 79.08 on the NYSE on October 2, 2026, with a market capitalization of USD 4.3 billion and volume of 1,525,424 shares. The 52-week range was USD 65.00 to USD 205.50, leaving the stock 61.6 percent below its yearly high.