Primoris fetches promising and highly valuable solar award
On December 31, 2021, Primoris released an announcement about the company being granted a solar-energy-based award worth over $370.0 million which is to be used by its energy/renewable business segment. This award will be utilized for the company's further expansion into the fields of solar energy as this award will be cataloged with the company's other awards in solar financing that are now set to grow past the $1.0 billion mark in 2022. The company is set to start construction on a solar-based facility by the end of Q2 2022.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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