Primoris Procures ~$425M In Solar Project Awards

Primoris Services Corp's PRIM Energy/Renewables Segment has received two solar project awards with an estimated value of $425 million.
These awards are for the engineering, procurement, and construction of utility-scale solar facilities in the Southwest.
For both the contracts, initial project construction will begin in 2Q22, with completion expected in 3Q23.
"These new contracts bring us closer to the $1 billion in solar project backlog we projected in our earnings discussion earlier this month," stated Tom McCormick, President, and CEO of Primoris.
Price Action: PRIM shares are trading lower by 5.17% at $22.27 on the last check Tuesday.