Primoris Services

Primoris reported adjusted EPS of -$0.27 for Q2 2026 on revenue of $1.698 billion, missing consensus expectations. Gross margin plunged to 4.9%, weighed down by cost overruns on six renewable‑energy projects, and operating cash flow was negative. The company showed a record backlog of $13.9 billion but cut free cash flow guidance to $150–200 million (previously $350–400 million). The stock fell 5.7% in after‑hours trading; management expects results to recover in H2 2026 as the problem projects are completed. » Altro su de.investing.com

JPMorgan upgraded Primoris Services to Overweight from Neutral and raised its price target to $116, citing a valuation discount to peers and upside under a sum-of-the-parts view while viewing renewables cost overruns as unlikely. Primoris Energy Services secured a major engineering and construction agreement with Fermi to build the balance of plant for six SGT-800 gas turbines at the Project Matador data center site in Amarillo, Texas. Cantor Fitzgerald recently cut its price target to $100 and kept a Neutral rating, calling the name a "prove-it" story until execution is demonstrated. » Altro su finance.yahoo.com

Primoris reported Q1 2026 EPS of $0.59, well below the consensus forecast of $0.85; revenue was $1.6 billion versus $1.73 billion expected. The stock fell roughly 45% in after-hours trading after operational problems in the energy segment—particularly in project execution for renewable energy—became apparent. Offsetting positives included strong growth in the utilities segment, expansion of the battery storage business and the completed acquisition of PayneCrest. Management maintains a positive outlook for 2026, expecting EPS of $1.01 to $1.72 for the coming quarters. » Altro su de.investing.com