Primoris Completes $100M Share Buyback and Appoints New Renewables President

Key Facts

1Primoris Services Corporation repurchased approximately $100 million of common stock in Q3, exhausting its share purchase program.

2The company announced that five of its six utility-scale solar projects have reached mechanical completion.

3Matt Tetrault was appointed as President of Renewables at Primoris.

Primoris Services Corporation repurchased approximately $100 million of its common stock during the third quarter, exhausting the total capacity available under its board-authorized share purchase program. According to a statement reported by Stock Titan, the company also reached mechanical completion on five of its six utility-scale solar projects and appointed Matt Tetrault as President of Renewables, effective September 28, 2026.

PRIM closed at $71.12 on September 28, 2026, with a session range between $70.51 and $72.78. The company confirmed that since the program's authorization in April 2025, it has repurchased a total of $150 million in stock at an average price of $84.27 per share, while the third-quarter repurchases were executed at an average price of $75.15 per share.