Primoris Services Secures $1.2B In Awards For Energy Segment; $700M Contracted In Q2 2024 And Over $500M In Early Q3 2024; Projects Include $1.1B For Utility-Scale Solar Engineering, Procurement, And Construction, Plus $100M For Expansion Of Combustion Gas Turbine Generators
Portfolio Pulse from Benzinga Newsdesk
Primoris Services has secured $1.2 billion in awards for its energy segment, including $700 million contracted in Q2 2024 and over $500 million in early Q3 2024. The projects include $1.1 billion for utility-scale solar engineering, procurement, and construction, and $100 million for the expansion of combustion gas turbine generators.
July 16, 2024 | 8:11 pm
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Primoris Services has secured $1.2 billion in new contracts for its energy segment, which includes significant projects in utility-scale solar and gas turbine expansion. This is likely to positively impact the company's revenue and stock price in the short term.
The $1.2 billion in new contracts will significantly boost Primoris Services' revenue, particularly with the $1.1 billion allocated to utility-scale solar projects. This is expected to positively impact the stock price in the short term.
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