Primoris Services Corporation Announces Solar Awards Valued $50 Million
Primoris Services Corporation (PRIM)
Last primoris services corporation earnings: 2/25 06:30 am
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Source: GlobeNewswire
DALLAS, May 01, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two new solar awards with a total combined value of approximately $50 million. The contracts were secured by Primoris Renewable Energy, part of the Power, Industrial, and Engineering segment. The awards are for the engineering, procurement, and construction of two solar facilities in southeast Texas. The scope of work includes constructing the foundations, electrical, mechanical, and civil scopes of work. Other work includes all engineering, some procurement, and site control. Primoris Renewable Energy is partnering with Primoris I&M to perform the civil work. Limited Notices to Proceed (“LNTP”) were signed in the first quarter of 2020 for the projects, and approximately $16 million of the $50 million contract value was booked as backlog related to the LNTPs in the first quarter. Historically, Primoris’ LNTPs for solar pr
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- Primoris Services (PRIM) had its price target raised by Wells Fargo & Company from $138.00 to $168.00. They now have an "equal weight" rating on the stock.MarketBeat
- Primoris Services (PRIM) had its price target raised by UBS Group AG from $165.00 to $176.00. They now have a "buy" rating on the stock.MarketBeat
PRIM
Earnings
- 2/23/26 - Beat
PRIM
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- PRIM's page on the SEC website