Primoris Services Corporation (NYSE:PRIM) is one of the 10 Best Construction Stocks for Data Center Infrastructure.
On May 7, 2026, Roth Capital analyst Philip Shen lowered the firm’s price target on Primoris Services Corporation (NYSE:PRIM) to $150 from $170 while maintaining a Buy rating. The firm said Primoris reported a significant Q1 miss and reduced its 2026 EBITDA outlook as Energy segment bookings declined materially. Roth added that the rest of the business remains healthy and expects the company’s core renewables operations to recover over the next several quarters.
KeyBanc analyst Sangita Jain also lowered the firm’s price target on Primoris Services Corporation (NYSE:PRIM) to $137 from $179 while maintaining an Overweight rating. The firm noted the stock fell about 50% following the earnings miss and guidance reduction tied to renewables execution issues. KeyBanc lowered its 2026 EBITDA forecast by 14% and its 2027 forecast by 6%, though it argued the market reaction appeared excessive.
On May 5, 2026, Primoris Services Corporation (NYSE:PRIM) reported Q1 adjusted EPS of 59c, versus the 84c consensus estimate, while revenue totaled $1.6B compared to expectations of $1.73B. President and CEO Koti Vadlamudi said the quarter reflected cost pressures tied to a limited number of renewables projects that the company expects to substantially complete during 2026. He added that most of Primoris’ renewables portfolio continues to perform in line with or ahead of expectations.
Vadlamudi also said performance across the remainder of the business improved during the quarter, with margin expansion led by the power delivery and industrial segments. The company continues to see strong bidding activity across natural gas generation, renewables, and pipeline markets, which it expects will support bookings momentum through the rest of 2026. He added that demand remains strong across power generation, data centers, and critical infrastructure projects.
Primoris Services Corporation (NYSE:PRIM) provides infrastructure services across the United States and Canada.
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