Because of that, the infrastructure and construction industries are booming.
Think of the billions (trillions, in some cases) of dollars in funding the U.S. government passed recently.
Bills like the Inflation Reduction Act and Jobs Act have fattened the pockets of corporations and their shareholders.
Primoris Services is one of those corporations. Its shares have soared 150% over the last year, and revenue and earnings have reached new record highs.
They're riding the tailwinds of significant secular trends.
Q4 2024 was the best earnings reaction ever for $PRIM:
In addition, the stock has been rewarded for its earnings reports in three consecutive quarters and has rallied in the last seven out of nine quarters.
The bottom line is the market likes what this company is doing, and so do we.
Here's how we're trading the $4.4B industrial stock, $PRIM:
