The announcement of $1.1 billion in project awards for Primoris Services Corporation is a strong indicator of the company's growth and its ability to secure large-scale projects. This is likely to be viewed positively by investors, as it not only increases the company's backlog but also demonstrates its competitive strength in the energy sector. The significant value of these projects and their spread across multiple states further underline the company's robust position in the market. Given these factors, the short-term impact on PRIM's stock price is likely to be positive, reflecting investor optimism about the company's future revenue and profitability.