Primoris Services is a benefactor of energy infrastructure expansion. A customer's deal and index inclusion provide a boost.
Reading Time: 2 minutes
The stock of Primoris Services (PRIM) has shown longer lower wicks repeatedly in recent days, indicating that intraday pullbacks have been consistently bought. Primoris is an integrated infrastructure service provider focused on energy, utilities, pipeline, communication, and renewable projects. Primoris covers the entire project cycle – from planning and engineering to construction and maintenance – and often acts as a general contractor or under long-term service contracts. In the third quarter, Primoris reported strong revenue and earnings...
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