Primoris Services Bags Solar Project With Estimated Value Of $290M


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


  • Primoris Services Corp (NASDAQ: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.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsContractsSmall CapGeneralBriefs