Primoris Services Bags 200 MW Thermal Power Project

Primoris Services Corp's PRIM Energy/Renewables segment has secured a thermal power project with an estimated value of $100 million.
The award is for the engineering, procurement, and construction of 200 MW of thermal power for two different locations in the Southwest.
Scope of the project includes all civil, electrical, and mechanical work associated with the construction of new power generation plants adjacent to existing facilities.
The project is expected to complete in 2Q22.
Price Action: PRIM shares are trading lower by 2.55% at $24.24 on the last check Thursday.