Primoris Services Pockets $270M Solar Project

Primoris Services Corp’s 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.