Jefferies Expects Primoris Services to Benefit From Increasing Investments by its Customers in Renewable Energy and Energy Infrastructure. The Upside Potential is 22%.

Primoris Services (PRIM) positions itself as a key provider of infrastructure solutions. The company benefits from two central growth drivers. On one hand, the increasing demand for lower-carbon energy sources is driving the expansion of transmission lines and substations, from which Primoris significantly benefits in the area of smart grid infrastructure. On the other hand, the company is establishing itself as a major provider of construction and infrastructure services for data centers. The growing need for data storage and processing, particularly...