Primoris jumps as PayneCrest data-center electrical deal tailwind lifts PRIM shares
PRIM•Primoris Services shares are higher Thursday, April 30, 2026, as investors continue to price in its $422 million all-cash agreement to buy PayneCrest Electric and the expanded exposure to data-center electrical work. With PRIM up 4.12% to $175.43, the move also comes ahead of the company’s expected May 5, 2026 Q1 earnings report.
1. What’s moving the stock today
Primoris Services Corporation (PRIM) is trading higher today as the market continues to reward companies leveraged to U.S. grid buildout and data-center infrastructure, with incremental optimism tied to Primoris’ agreement to acquire PayneCrest Electric in a $422 million all-cash transaction. The deal expands Primoris’ electrical construction capabilities and increases exposure to higher-growth end markets such as advanced facilities and data centers, which has been a key theme driving investor interest in the stock. (prim.com)
