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Piper Sandler Initiates Coverage On Primoris Services with Neutral Rating, Announces Price Target of $90

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  1. Bragar Eagel & Squire, P.C.

    Bragar Eagel & Squire, P.C. Urges Primoris Services Corporation (NYSE:PRIM) Investors to Contact the Firm Regarding Lead Plaintiff Role Before Monday September 21st

    A class action lawsuit has been filed against Primoris Services Corporation for allegedly making false statements about its cost estimation and project oversight processes for renewable energy projects. The company significantly reduced its financial guidance twice in 2026 due to cost overruns and delays, causing substantial stock price declines of 50% in May and 21.6% in June. Investors who purchased shares between August 5, 2025 and June 22, 2026 can apply to be lead plaintiff by September 21, 2026.

    PRIM
  2. Na

    Argan's Q2 Beat Shows Power Strength as Industrial Margins Stay Soft

    Argan, Inc. (AGX) reported strong Q2 fiscal 2027 results with earnings up 50.4% and revenue up 61.5%, beating consensus estimates. The Power segment drove margin strength with a 52.9% revenue increase and improved gross margins to 22.4%. However, Industrial revenues doubled but margins fell to 7.3% due to worsening project completion estimates. Management expects Industrial margins to remain below historical norms for another 1-2 quarters.

    AGXPWRPRIM
  3. Na

    Is Argan Worth Buying as Growth Surges but Valuation Stays Elevated?

    Argan Inc. reported 56.5% revenue growth and $126.5 million adjusted EBITDA in fiscal 2027's first half, supported by a $2.5 billion backlog. However, the company faces margin pressure with gross margins declining from 25% to 19.3%, and trades at a premium 31.1X forward earnings. While growth signals remain favorable, execution risks and uncertain project timing present challenges to justify the current valuation.

    AGXPWRPRIM