Primoris Services Corp

PRIM remains in a Stage 4 decline with sequential lower highs and lower lows under declining EMAs. The recent oversold bounce has stalled into the falling 9/21 EMA zone, offering a tactical setup to sell into resistance. With a bearish Medium-Term bias and unfavorable Short-Term timing for buyers, Sell Now into the EMA resistance is the proper action.

• ↑Q1 revenue $1.6B (+16.7% YoY) and robust operating cash flow
• ↑Total backlog at $11.4B, with $6B gas pipeline and $2.3B renewables target
• ↓Q1 gross profit $134.7M (-21.1% YoY) from solar project cost pressures