The lawsuit, Boston Retirement System v. Primoris Services Corp., claims that executives failed to disclose material setbacks across six renewable energy projects. Plaintiffs contend that these undisclosed challenges—specifically cost overruns and delays—rendered the company’s full-year 2026 Adjusted EPS and EBITDA guidance inaccurate. According to the complaint, Primoris inflated its projected 2026 revenue, creating a misleading picture of the firm's operational health for those who purchased shares during the specified period.
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Primoris Services Faces Class Action Over Renewable Energy Disclosures
Investors who lost more than $100,000 in Primoris Services Corporation stock between August 5, 2025, and June 22, 2026, face a September 21 deadline to file as lead plaintiffs. The class action lawsuit, pending in the Northern District of Texas, alleges the company misled shareholders regarding its renewable energy segment performance.
Legal counsel from Kahn Swick & Foti, LLC is currently reviewing claims for affected investors. Those seeking to participate in the litigation or needing further evaluation of their legal standing can access information through the ClaimsFiler service portal. The court will determine the next steps for the class action once the lead plaintiff application period closes late next month.
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