- Primoris Services Corp’s (NASDAQ:PRIM) Energy/Renewables segment has secured a solar project award with an estimated value of $270 million.
- The award is for the engineering, procurement, and construction of a utility-scale solar facility in the Southwest, adding ~500 megawatts to over 3,900 megawatts of solar power projects, which Primoris currently has under construction.
- PRIM expects the initial project construction to begin in 4Q22, with completion of the project anticipated in 4Q23.
- Price Action: PRIM shares are trading higher by 0.75% at $21.61 on the last check Tuesday.
Jim Cramer Warns Arm Holdings Stock Is ‘Dramatically Overvalued,’ Needs To Trade All The Way Down To This Price
Given that Arm went public at $51 per share, a current stock price of around $80 or $85 per share would be "such a success," he said.
