PRIM Forecast


Bullish Case: With PRIM trading near historical highs and recent earnings beating expectations, favorable tailwinds from the solar sector and increasing institutional interest could propel the stock higher. The historical return surface suggests a 60% probability of moderate gains over the next year, appealing to growth-focused investors.


Bearish Case: High implied volatility indicates market uncertainty and a potential for price correction. Recent insider selling and bearish sentiment in put options trading (2264% more than calls) suggest elevated risk, with a 30% chance of significant declines in the near term, as indicated by the volatility surface.


Potential Outcomes:

1. 30% chance of a price drop below $50 due to volatility spikes from negative sentiment.

2. 40% chance of stable trading between $50-$57 as momentum fluctuates.

3. 30% chance of price rising to $60+ fueled by strong Q3 earnings and sector position.

4. 60% chance of mean-reverting gains of 10-20% over the next year.


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July 25, 2024


Primoris Services Forecast

PRIM      Primoris Services











Correlated Assets

Assets that tend to move strongly with PRIM



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.89)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.62)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.64)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.67)



Uncorrelated Assets

Assets with little price relationship to PRIM



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.62)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.64)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.67)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.89)



Anticorrelated Assets

Assets that tend to move strongly against PRIM



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.89)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.62)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.64)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.67)





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