Primoris Services Bags Solar Project With Estimated Value Of $290M - Primoris Services (NYSE:PRIM)

Primoris Services Corp PRIM has landed multiple solar project awards with an estimated value of $290 million.
The contracts were secured by the company's Energy/Renewables Segment in Q4 of 2022.
The awards are for the engineering, procurement and construction of utility-scale solar facilities in the Midwest.
Initial construction will begin in Q1 of 2023, with completion expected in Q2 of 2024.
"These awards align with our market strategy by expanding our presence in new geographies and diversifying our scope of work with smaller utility-scale solar projects," said CEO Tom McCormick.
Primoris is a specialty contractor providing infrastructure services to the utility, energy/renewables and pipeline services markets throughout the U.S. and Canada.
Price Action: PRIM shares closed higher by 0.73% at $22.10 on Tuesday.