Update shared on17 Sep 2025
Fair value Increased 2.32%Primoris Services’ consensus price target has increased to $127.56, reflecting strengthening long-term growth prospects in power and renewables, robust execution and guidance, and favorable legislative tailwinds.
Analyst Commentary
- Bullish analysts cite durable, long-tail growth prospects in Power Delivery, Renewables, and Natural Gas Generation segments, supporting higher valuation multiples.
- Recent Q2 earnings beat and raised guidance highlight strong fundamental business execution and solid bottom-line growth, despite ongoing CEO search.
- M&A appetite and operational focus are seen as drivers for further margin improvements and future growth.
- Positive regulatory developments, such as the passage of favorable legislation, enhance the company’s positioning in utility-scale solar plus storage and accelerate value creation.
- End-market mix shift toward higher-growth areas—data center infrastructure, fiber networks, and energy transmission & distribution—are expected to support ongoing margin and multiple expansion.
What's in the News
- Raised full-year 2025 net income guidance to $241–$252 million, or $4.40–$4.60 per diluted share.
- Added to the Russell 2000 Dynamic Index.
Valuation Changes
Summary of Valuation Changes for Primoris Services
- The Consensus Analyst Price Target has risen slightly from $124.67 to $127.56.
- The Future P/E for Primoris Services has risen slightly from 24.03x to 24.58x.
- The Discount Rate for Primoris Services remained effectively unchanged, moving only marginally from 8.53% to 8.52%.
Disclaimer
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