Primoris Faces Class Action Lawsuit Over Renewable Energy Project Costs

The litigation, Boston Retirement System v. Primoris Services Corporation, alleges that the company provided misleading information regarding its oversight of fixed-price renewable energy projects. According to the complaint, Primoris failed to accurately disclose deficient cost-estimation processes, leading to systematic underestimations of expenses and significant project delays. These omissions allegedly rendered the company’s public statements about its financial outlook and operational profitability materially inaccurate throughout the class period.

The company’s share price faced repeated downward pressure as financial disclosures throughout 2026 revealed the scale of these operational struggles. Following the report of increased costs and margin compression in February, the stock dropped 8.3%. Subsequent updates regarding slashed EBITDA guidance, the departure of key executives, and further warnings about project overruns resulted in consecutive sell-offs, with the stock price falling by more than 50% in early May and another 21.6% in late June. Investors seeking to participate in the class action or evaluate recovery options may contact legal counsel, such as Kessler Topaz Meltzer & Check, LLP, before the September deadline.