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SOLV Energy

Last updated: February 12, 2026
Ticker
MWH
Exchange
NASDAQ
IPO Date
Pending
Price Range
$22.00 - $25.00
Deal Size
$513 million
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Company Snapshot

SOLV Energy is a company focused on providing engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services for solar energy and battery storage projects. Their business model leverages government incentives and the growing demand for renewable energy solutions. The company aims to capitalize on the increasing shift towards sustainable energy by delivering high-quality services in this sector.

Key Financials

Metric202420232022
Revenue$1.8B$2.1B$2.3B
YoY Growth-14.3%-8.7%-
Adjusted Net Income$9.9M-$109.8M-$121.8M
Margin %0.5%-5.2%-5.3%
Gross Margin
14%

Balance Sheet

Cash & Equivalents
$208M

S-1 Highlights

Market & Competition

The company operates in the renewable energy industry, specifically in solar energy and battery storage. SOLV Energy competes with companies such as NextEra Energy and First Solar.

Use of Proceeds

Proceeds from the IPO are expected to be utilized for general corporate purposes, which may include funding growth initiatives and reducing debt.

Key Risk Factors

  • ●The reduction or elimination of government incentives for renewable energy projects could adversely affect demand for SOLV Energy's services.
  • ●Supply chain disruptions and increased material costs may negatively impact the company's profitability and operational efficiency.

Deal Structure

Lock-up
180 days
Lead Underwriters
Jefferies, J.P. Morgan, KeyBanc Capital Markets, TD Cowen, UBS Investment Bank, Baird, Evercore ISI, Guggenheim Securities, Wolfe, Nomura Alliance, CIBC Capital Markets, Roth Capital Partners, Academy Securities

Reported Broker Availability

No broker information available yet

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Reported by users or publicly disclosed. Information is for reference only.

Important Links & Filings

MWH Live Chart on TradingView →SEC S-1 Filing →
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