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PRIM / Primoris Services: IRA Tailwind Not Priced In

Primoris Services: IRA Tailwind Not Priced In
Primoris Services is primed for growth, leveraging the Inflation Reduction Act to capitalize on green energy trends, with a substantial, likely undervalued solar project backlog extending to 2025. The company's unique strategy focuses on smaller, under-50 MWh utility-scale solar projects, ensuring less competition and higher margins, while IRA incentives enhance the viability of these projects. Despite higher leverage, Primoris mitigates risks through interest rate hedges and accounts receivable financing, offering a deep value investment opportunity with its SaaS-like growth and compelling valuation metrics. Read More
Posted: Oct 11 2023, 17:52
Author Name: Seeking Alpha
Views: 091973

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Primoris Services: IRA Tailwind Not Priced In

By Seeking Alpha
October 11, 2023

Primoris Services: IRA Tailwind Not Priced In

Primoris Services is primed for growth, leveraging the Inflation Reduction Act to capitalize on green energy trends, with a substantial, likely underv more_horizontal

Primoris Services: Strong Momentum Is Driving Investor Value Here

By Seeking Alpha
September 7, 2023

Primoris Services: Strong Momentum Is Driving Investor Value Here

Primoris Services Corporation has shown strength in its top line, with a significant increase in backlog and revenue growth of 38% YoY. PRIM operates more_horizontal

Primoris Services Corporation: Growth, Value, And Momentum

By Seeking Alpha
September 6, 2023

Primoris Services Corporation: Growth, Value, And Momentum

Primoris' revenue and operating income (LTM) are both at record highs since 2014. Its backlog recently hit a new record as well. Its P/S, P/E, and P/B more_horizontal

What Makes Primoris Services (PRIM) a Strong Momentum Stock: Buy Now?

By Zacks Investment Research
September 4, 2023

What Makes Primoris Services (PRIM) a Strong Momentum Stock: Buy Now?

Does Primoris Services (PRIM) have what it takes to be a top stock pick for momentum investors? Let's find out. more_horizontal

Fast-paced Momentum Stock Primoris Services (PRIM) Is Still Trading at a Bargain

By Zacks Investment Research
August 28, 2023

Fast-paced Momentum Stock Primoris Services (PRIM) Is Still Trading at a Bargain

Primoris Services (PRIM) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks th more_horizontal

Primoris Services (PRIM) Beats Q2 Earnings and Revenue Estimates

By Zacks Investment Research
August 7, 2023

Primoris Services (PRIM) Beats Q2 Earnings and Revenue Estimates

Primoris Services (PRIM) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares t more_horizontal

Why Fast-paced Mover Primoris Services (PRIM) Is a Great Choice for Value Investors

By Zacks Investment Research
June 27, 2023

Why Fast-paced Mover Primoris Services (PRIM) Is a Great Choice for Value Investors

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Primoris Services (PRIM) could be more_horizontal

Primoris Services (PRIM) Upgraded to Buy: Here's Why

By Zacks Investment Research
June 23, 2023

Primoris Services (PRIM) Upgraded to Buy: Here's Why

Primoris Services (PRIM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy more_horizontal


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