Primoris Services ( (PRIM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Primoris Services’ stock experienced a downward movement after JPMorgan downgraded the company to a Neutral rating. The downgrade stems from anticipated increased complexity in the renewable energy sector, which could lead to consolidation among providers. Analysts are now favoring stocks with strong U.S. manufacturing connections and diverse market presence, impacting Primoris’ stock rating.
More about Primoris Services
YTD Price Performance: 64.97%
Average Trading Volume: 816,614
Technical Sentiment Signal: Buy
Current Market Cap: $6.79B
For further insights into PRIM stock on TipRanks’ Stock Analysis page.
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