
Primoris Services (PRIM) Stock Forecast & Price Target
Primoris Services (PRIM) Analyst Ratings
Bulls say
Primoris Services is well-positioned for long-term investment, despite issues in renewable projects in the first quarter of fiscal year 2026. Their focus on margin progression and cash flow, along with a strong backlog and potential growth in the gas and pipeline sectors, make them a favorable stock to invest in. Additionally, their strategic acquisition and increased financing capacity for future opportunities show a commitment to future growth. However, potential risks related to skilled personnel and economic conditions should be monitored.
Bears say
Primoris Services is facing several challenges in its renewables business, including cost overruns on solar projects and lower margins expected in the remainder of FY26 due to delayed project starts and booking timing. Additionally, a $110 million EBITDA guidance reduction has been attributed to these issues. While the company's Utilities segment is showing strong performance and growth, the negative impact on the Energy segment and delayed projects are cause for concern. With current guidance not including potential upside from hyperscaler-related scope awards, the company's financials and backlog provide some support, but the potential for further issues may limit future growth and affect the company's valuation.
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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