Primoris Services shares are higher in Friday trading, extending a recent run as investors lean back into infrastructure and energy-adjacent contractors amid easing geopolitical risk. Recent market narratives tied the group’s strength to reduced disruption risk around the Strait of Hormuz following a U.S.–Iran ceasefire framework, which has supported sentiment across names exposed to U.S. energy, midstream, and related construction activity. (simplywall.st)

Primoris enters this move with momentum from its latest fundamentals update: the company reported fourth-quarter and full-year 2025 results on February 23, 2026, highlighting record performance and providing its initial outlook for 2026. The company also declared a $0.08 per share cash dividend (payable around April 15, 2026), reinforcing the message of cash generation and shareholder returns alongside an elevated backlog narrative. (ir.prim.com)

With the stock trading close to recent highs, the next catalyst investors will monitor is incremental evidence that bookings convert cleanly into signed work and that margins hold up as project mix evolves. Focus areas include utilities and renewables timing, as well as any contract announcements or updates that change 2026 visibility versus the initial outlook provided with the February results. (ir.prim.com)