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PRIM News5 articles
MasTec Stock Rally Faces Cash Flow Test Despite Record Backlog
MasTec shares jumped 10.9% last week to $297.59, but a negative free cash flow of -$59M raises questions about converting its record $21.4B backlog into cash.
Sterling Infrastructure Stock Slides 10% on Margin Shift Toward Electrical Work
Sterling Infrastructure (STRL) dropped 10.5% post-earnings as E-Infrastructure's margin decline offset record Q2 results and an 8.7% revenue guidance hike.
Primoris Shares Tumble 35% on Renewables Losses and COO Departure
Primoris shares plummeted 35% premarket after slashing 2026 guidance due to renewed cost overruns in its renewables business and the COO's departure.
Primoris Services Plunges 49% After Q1 Earnings Miss and Renewable Project Woes
Primoris Services shares plummeted 49% after missing Q1 earnings and cutting its 2026 outlook, driven by cost overruns in renewable-energy projects.
Sterling Infrastructure Surges on Data Center Demand, Revenue Jumps 92%
Sterling Infrastructure shares surged nearly 47% after Q1 revenue soared 92% to $825.7 million, driven by data center and semiconductor projects. The company raised its 2026 revenue forecast to up to $3.8 billion.