
Primoris Services (PRIM) Stock Forecast & Price Target
Primoris Services (PRIM) Analyst Ratings
Bulls say
Primoris Services is expected to report second quarter revenue between $1.8-1.9B, with a focus on completing renewable energy projects and improving processes. Despite delays and a decrease in demand, the company's strong pipeline and backlog conversion are likely to drive future growth, while risks include potential execution issues and regulatory complexities. The author maintains a Buy rating and expects potential growth opportunities in the future, particularly in the gas generation sector.
Bears say
Primoris Services is experiencing short-term challenges with their Energy segment revenue due to construction delays and lower margins from several solar projects. However, the company expects to see a rebound in margins and bookings for the Energy segment in the second half of 2026, driven by expected verbal awards for gas generation projects and an expanding backlog in transmission and substations work. In addition, the recent acquisition of PayneCrest and potential future acquisitions support the company's inorganic growth strategy. However, the risk of labor disruptions and work stoppages remains a concern for the company.
This aggregate rating is based on analysts' research of Primoris Services and is not a guaranteed prediction by Public.com or investment advice.
Primoris Services (PRIM) Analyst Forecast & Price Prediction
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