Primoris initiated with a Buy at GLJ Research

GLJ Research initiated coverage of Primoris (PRIM) with a Buy rating and $160 price target Primoris is ideally positioned as both a direct and indirect partner to hyperscaler capex with 65% of 2025 revenues exposed to electrification and data center investment, the analyst tells investors in a research note. The firm’s checks emphasize credibility in solar, generation, electric T&D, and data center construction as an ideal end-to-end solution for tier 1 developers aligned with Meta (META) and Google (GOOGL), the firm says.