Primoris Services

PRIM

Market cap $8.56B

Growth in telecom, data centers and energy to aid EME, MTZ, DY, PRIM & ORN in the Zacks Building Products - Heavy Construction industry.

Shares of Primoris Services Corporation PRIM have gained 19.8% in the past six months, underperforming the Zacks Building Products - Heavy Construction industry's 34.8% growth. However, the stock has outperformed the broader Construction sector and the S&P 500 in the same period, as evidenced by the chart below.

Primoris Services Corporation PRIM is increasingly leaning on natural gas generation as a strategic lever to drive long-term growth, complementing its strong presence in renewables and utilities. The company's 2025 results underscore this shift, with robust activity in gas operations within the Utilities segment contributing meaningfully to revenue growth.

PRIM buys PayneCrest for $422M to boost electrical capabilities, expand data center exposure and strengthen its Energy segment.

Primoris Services Corporation PRIM rides on rising investments in energy and utility infrastructure markets. The company is seeing growing opportunities in power delivery, renewables and natural gas projects.

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today that it has entered into a definitive purchase agreement to acquire PayneCrest Electric, Inc. (“PayneCrest”) in an all-cash transaction valued at $422 million. The acquisition increases the Company's exposure to the high-growth data center services market and expands opportunities for integrating its industrial and renewables businesses with complementary electrical construction cap.

Goodlander Investment Manage exited its position in Primoris during the fourth quarter, selling 275,000 shares. The quarter-end position value decreased by $37.77 million as a result.

Primoris Services Corporation remains a buy as strong demand and backlog recovery outweigh Q4 margin concerns. PRIM's backlog exceeded $11.9 billion with Q4 bookings of ~$3 billion and MSA backlog up over 20% year-over-year. Gas generation and pipeline opportunity funnels have expanded significantly, supporting a robust growth outlook into 2026.

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or “the Company”) announced today that the Company's management team will participate in two institutional investor conferences in March 2026. 2026 Cantor Global Technology & Industrial Growth Conference – New York City, NY on March 10, 2026 38th Annual Roth 2026 Conference – Laguna Niguel, CA on March 23-24, 2026 A copy of the Company's most recent investor presentation will be available on the Company's Invest.

Primoris Services Corporation (PRIM) Q4 2025 Earnings Call Transcript