Primoris Services Corporation Common Stock (NASDAQ: PRIM)
52 Days left to seek lead plaintiff status.
The Complaint alleges that Defendants misled Primoris investors by representing that the Company maintained “disciplined bidding,” “well-developed estimating processes,” effective project controls, and reliable cost forecasting that enabled it to accurately price and execute fixed price renewable energy projects, “manage risk,” and reliably forecast revenues, margins, and earnings. In reality, Defendants failed to disclose that Primoris’ estimating, cost-to-complete forecasting, and project oversight processes were deficient, causing the Company to systematically underestimate project costs and risks on multiple significant renewable energy projects.