Primoris Services Corporation’s stock fell over 45% in intraday trading on May 6, 2026, after the company reported Q1 2026 results below analyst expectations and slashed full-year adjusted EBITDA guidance from $560-$580 million to $480-$500 million. In its May 5, 2026 earnings release, Primoris attributed the reduction to lower renewable energy activity, delayed project starts, and increased costs on renewable energy projects. This contrasts with statements made on the company’s February 24, 2026 Q4 2025 earnings call, when Primoris told investors, “We’ve accounted for all of these increased costs and expect renewables margins to improve as we progress into 2026.”
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