Why Primoris Services Corp (PRIM) Is Plunging in 2025?

From Yahoo Finance: 2025-03-29 19:13:00

In 2025, the construction industry is facing a sharp slowdown, causing once-thriving construction stocks to plummet. U.S. GDP is expected to shrink in Q1 2025, leading to stalled residential and commercial projects as financing costs rise. Experts predict a potential rebound later in the year if interest rates ease. Primoris Services Corp (PRIM) is one of the worst-performing construction stocks this year, down significantly due to negative market sentiment and concerns about sustaining revenue growth. Analysts forecast only a 5% revenue growth for 2025, compared to a historical average of 16%.

PRIM ranks 10th on the list of plunging construction stocks in 2025, with a consensus price target of $89.14 implying a 55.08% upside. The stock is down 24.67% year-to-date. While PRIM shows promise, some AI stocks may offer higher returns in a shorter timeframe. Check out our report on the cheapest AI stock for potential opportunities.



Read more at Yahoo Finance: Why Primoris Services Corp (PRIM) Is Plunging in 2025?