Primoris Services (PRIM) shares plunged 50%, dropping $101.69 following a financial report that revealed significant declines in revenue and gross profits. On the same day, Hagens Berman opened an investigation into whether the company's disclosures were misleading prior to the May 5, 2026 report.
Truist Securities lowered its Xcel Energy price target to $92 while maintaining a Buy rating, citing capital requirements for grid upgrades and renewable projects.
Read the full storyRefining company shares dropped sharply after earnings missed analyst estimates, despite reporting strong refining margins and higher throughput volumes.
Primoris Services shares lost half their value following a disappointing financial report highlighting operational failures in its renewables segment and the launch of a shareholder investigation.