Primoris Services Corporation (NYSE:PRIM) is one of the 7 Best Data Center Engineering and Construction Stocks To Buy.
On April 20, 2026, Guggenheim analyst Joseph Osha raised the price target on Primoris Services Corporation (NYSE:PRIM) to $195 from $184 and maintained a Buy rating following meetings with management.
Earlier in the month, Mizuho analyst Maheep Mandloi raised the price target on Primoris Services Corporation (NYSE:PRIM) to $175 from $143 and maintained a Neutral rating. The firm said the company’s acquisition of PayneCrest Electric expands its presence in interior data center and industrial electrical work and called the strategic rationale behind the deal “straightforward.”
Last month, Primoris entered into a definitive agreement to acquire PayneCrest Electric in an all-cash deal valued at $422M. The acquisition expands Primoris’ exposure to the fast-growing data center services market while creating additional opportunities to integrate its industrial and renewables businesses with complementary electrical construction capabilities.
PayneCrest is expected to contribute to Primoris’ revenue growth, cash flow, and operating margin targets. For full-year 2026, PayneCrest is projected to generate $350M to $370M in revenue and $38M to $42M in adjusted EBITDA. Primoris estimates the acquisition will contribute $260M to $280M in revenue and $28M to $32M in adjusted EBITDA in 2026.
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Based in St. Louis, Missouri, PayneCrest provides electrical construction and maintenance services for industrial, manufacturing, and advanced facilities. The company has operated for more than 70 years and maintains long-term customer relationships across multiple sectors. Following the deal’s expected closing in Q2 2026, PayneCrest will become part of Primoris’ Energy segment. The transaction was unanimously approved by Primoris’ board and will be funded in part through $400M in borrowings under an amended credit agreement.
Primoris Services Corporation (NYSE:PRIM) provides infrastructure services across the U.S. and Canada.
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