Primoris Acquires PayneCrest Electric, Shares Surge
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Primoris stock surged 7.2% after acquiring PayneCrest Electric, aiming to bolster electrical operations and capitalize on recent successes. The utilities segment revenue grew 5% year-over-year, driven by robust gas operations and power delivery projects. Investors welcomed the news, but the stock remains volatile. Year-to-date, shares are up 16.6% and trading around $152.29, still below the 52-week high. Over five years, a $1,000 investment would now be worth $4,553, demonstrating consistent long-term growth.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/d8b41b958a203754