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Primoris Services Pockets $270M Solar Project

Primoris Services Corp’s (NASDAQ:PRIM) Energy/Renewables segment has secured a solar project award with an estimated value of $270 million. The award…
byAkanksha Bakshi
August 23, 2022
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  • 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.
 
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