Primoris Secures Two Solar Projects Valued Over $120M - Primoris Services (NYSE:PRIM)

Primoris Services Corp's PRIM Energy/Renewables Segment has received two new solar awards with a combined value of over $120 million. The scope includes all civil, electrical, and mechanical work.
The first award is for the engineering, procurement, and construction of a utility-scale solar facility in the Southwest. Initial construction on the project will begin in 3Q21, with completion expected in 3Q22.
The second award is for the engineering, procurement, and construction of a utility-scale solar facility in the Midwest. Initial construction will begin in 3Q21, with completion expected in 2Q22.
Primoris executed three contracts last week for a combined total of over $220 million, adding to the Energy/Renewables segment backlog.
Price Action: PRIM shares are trading lower by 1.31% at $24.90 on the last check Thursday.