Primoris Services (PRIM) has surged over 50% in 2025, driven by demand in power, utilities, and AI-related data centers. With $1.7 billion in potential data center projects, Primoris is set to capitalize on the AI investment cycle.

PRIM, a top specialty contractor, has a market value of $6 billion and operates in the US. Shares have soared over 112% in the past year. Valuation metrics show a reasonable multiple, and Q2 earnings beat estimates by a wide margin.

Q2 2025 revenues for Primoris hit $1.89 billion, with net income at $84.3 million. Full-year guidance anticipates EPS growth of 27%-32%. CEO King highlighted $1.7 billion in potential data center projects, aligning with AI-driven demand for infrastructure.

With a “Strong Buy” rating consensus, analysts target PRIM at $111.11, with potential upside to $135. The company’s history in energy positions it well for growth. Earnings reinvestment signals a focus on expansion in energy, utility, and data centers.

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