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Primoris Services continues to attract shareholders who believe in the company's ability to drive earnings and revenue through growth in power delivery, renewables, and communications, all while managing ongoing risks from regulatory changes and competition. Although recent recognition by Zacks.com draws positive attention to its operational momentum, it does not have a material short-term impact on Primoris’s biggest catalyst, its robust project backlog, or meaningfully lessen the risks tied to unpredictability in quarterly bookings and policy shifts.
Of Primoris’s latest updates, the contract awards of over US$1.2 billion for utility-scale solar and gas turbine projects stand out as affecting its largest growth catalyst: the ongoing transition toward high-quality infrastructure projects. These wins reinforce the company’s backlog, supporting future revenue streams and shoring up confidence in the operational momentum highlighted in recent news coverage.
However, investors should also stay aware that, despite strong recognition, risks tied to unpredictable regulatory and trade shifts can still...
Read the full narrative on Primoris Services (it's free!)
Primoris Services' narrative projects $7.5 billion revenue and $302.3 million earnings by 2028. This requires 5.8% yearly revenue growth and a $121.4 million earnings increase from $180.9 million today.
Uncover how Primoris Services' forecasts yield a $87.05 fair value, in line with its current price.
Three Simply Wall St Community members estimate Primoris’s fair value between US$68.25 and US$87.05 per share. With strong recent project wins driving backlog, opinions on future performance still vary widely, explore how differing expectations can influence your own view.
Explore 3 other fair value estimates on Primoris Services - why the stock might be worth as much as $87.05!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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