SOLV Energy Inc

MWH

Market cap $6.64B

SOLV Energy remains a Buy as the backlog converts into higher-margin earnings, and the stock trades at a compelling valuation discount. MWH's $8.2B backlog and 1.2x book-to-bill offer strong near-term revenue visibility, with O&M and lifecycle services expanding long-term runway. The RWE acquisition strengthens MWH's grid-adjacent capabilities, enabling deeper customer relationships and a greater share of project spend.

SAN DIEGO, June 04, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced that, in connection with its previously completed public offering of 15,000,000 shares of Class A common stock of the Company, including 7,698,410 shares being offered by affiliates of American Securities LLC (the “Selling Stockholders”) and 7,301,590 shares being offered by the Company, the underwriters have fully exercised their option to purchase an additional 2,250,000 shares of Class A common stock of the Company, including 1,154,760 shares from the Selling Stockholders and 1,095,240 from the Company at the public offering price of $36.00 per share, less underwriting discounts and commissions. The issuance and sale of the additional shares closed today.

SAN DIEGO, June 02, 2026 (GLOBE NEWSWIRE) -- At the CLEANPOWER 2026 conference in Houston, SOLV Energy (Nasdaq: MWH) highlighted its work across a broad portfolio of utility-scale solar and storage projects in the United States, including more than 4 gigawatts (GWdc) of large-scale developments exceeding 600 megawatts (MWdc) in overall project size. These projects reflect a continued shift toward larger and more integrated energy infrastructure as demand for utility-scale power accelerates nationwide.

SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced the pricing of an upsized public offering of its Class A common stock at a public offering price of $36.00 per share. The offering consists of 15,000,000 shares of Class A common stock of the Company, including 7,698,410 shares being offered by affiliates of American Securities LLC (the “Selling Stockholders”) and 7,301,590 shares being offered by the Company. In addition, the Selling Stockholders and the Company have granted the underwriters a 30-day option to purchase up to an additional 1,154,760 shares and 1,095,240 shares, respectively, of Class A common stock of the Company at the public offering price, less underwriting discounts and commissions.

SAN DIEGO, May 26, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced that it has launched a public offering of its Class A common stock. The offering consists of 14,000,000 shares of Class A common stock of the Company, including 7,185,181 shares being offered by affiliates of American Securities LLC (the “Selling Stockholders”) and 6,814,819 shares being offered by the Company. In addition, the Selling Stockholders and the Company intend to grant the underwriters a 30-day option to purchase up to an additional 1,077,778 shares and 1,022,222 shares, respectively, of Class A common stock of the Company at the public offering price, less underwriting discounts and commissions.

SOLV Energy, Inc. (MWH) Q1 2026 Earnings Call Transcript

SOLV Energy NASDAQ: MWH reported sharply higher first-quarter revenue and adjusted earnings, raised its full-year profit outlook and said demand for solar, storage and grid infrastructure remains strong as U.S. power needs accelerate.

SAN DIEGO, May 12, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced financial results for the first quarter ended March 31, 2026. Financial Summary (in $ millions except percentages) Three Months Ended March 31,   2026   2025 Revenue 677   408 Gross Profit 119   59 Gross Margin 17.6%   14.5% Net Loss 1 (27)   (1)         Adjusted Gross Profit 2 124   59 Adjusted Gross Margin 2 18.4%   14.5% Adjusted EBITDA 93   34 1) Represents Net Loss before Non-Controlling Interest 2) Adjusted Gross Profit and Adjusted Gross Margin exclude the impact of the allocation of non-cash compensation expense to cost of revenue First Quarter 2026 Financial and Recent Business Highlights Revenue of $677 million, up 66% year over year Gross Profit of $119 million, up 102% year over year Adjusted Gross Profit of $124 million, up 110% year over year Net loss of $(27) million Primarily a result of a one-time, non-cash expense of $521 million related to the modification of legacy equity awards from the reorganization in the IPO Adjusted EBITDA of $93 million, up 174% year over year Total backlog as of March 31, 2026 at $8.2 billion Nearly 22 GW under contract for O&M services Announced the acquisition of Roberson Waite Electric (“RWE”) providing the Company additional capabilities and growth opportunities in the utility services market 1) Included in total non-cash compensation expense in cost of revenue and SG&A of approx.

SAN DIEGO, May 04, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH) plans to report first quarter 2026 results on Tuesday, May 12, 2026. Management will present results during a conference call at 8:30 a.m. Eastern time.

SAN DIEGO, May 04, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (Nasdaq: MWH) (“SOLV”), a leading provider of infrastructure services to the power industry, today announced it has entered into an agreement to acquire Roberson Waite Electric (“RWE”), a California-based provider of utility substation construction, testing, commissioning, and related infrastructure services.