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Primoris Services Bags Solar Project With Estimated Value Of $290M

Primoris Services Corp (NASDAQ:PRIM) has landed multiple solar project awards with an estimated value of $290 million. The contracts were…
byShivani Kumaresan
January 4, 2023
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  • Primoris Services Corp (NASDAQ:PRIM) has landed multiple solar project awards with an estimated value of $290 million.
  • The contracts were secured by the company’s Energy/Renewables Segment in Q4 of 2022.
  • The awards are for the engineering, procurement and construction of utility-scale solar facilities in the Midwest.
  • Initial construction will begin in Q1 of 2023, with completion expected in Q2 of 2024.
  • “These awards align with our market strategy by expanding our presence in new geographies and diversifying our scope of work with smaller utility-scale solar projects,” said CEO Tom McCormick.
  • Primoris is a specialty contractor providing infrastructure services to the utility, energy/renewables and pipeline services markets throughout the U.S. and Canada. 
  • Price Action: PRIM shares closed higher by 0.73% at $22.10 on Tuesday.
 
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