Primoris rises on securing contracts worth $290 mln

Primoris Services

04/01/2023 17:43

** Shares of infrastructure services provider Primoris
Services Corp  PRIM.O  climb 2.4% to $22.63
    ** PRIM wins multiple solar project awards with an estimated
value of $290 million, company said on Tuesday
    ** Contracts were secured by co's Energy/Renewables unit in
Q4 2022
    ** Awards are for the engineering, procurement and
construction of utility-scale solar facilities in the Midwest
    ** PRIM says initial construction will begin in Q1 2023 with
completion expected in Q2 2024
 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))