SOverview
SOLV Energy provides end-to-end infrastructure services for utility-scale solar, energy storage, and high-voltage substations in North America, offering EPC along with long-term O&M. Its EPC work covers design, procurement, self-performed construction, and commissioning, while O&M includes preventative and corrective maintenance, performance optimization, and 24/7 monitoring from a NERC-compliant Operations Control Center. It differentiates itself through a standalone growth-focused structure after recent corporate combinations and a proven track record of building over 21 GW and managing more than 22 GW of solar and storage assets, with a focus on large projects (200 MWdc+). The goal is to deliver reliable, long-lasting renewable energy infrastructure by providing integrated project execution and ongoing asset optimization at scale.
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About SOLV Energy
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Diego, CA
Founded
2008
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Simplify's take
What believers are saying
- Q3 2026 revenue reached $1.24 billion, up 65%, with net income $122.7 million.
- Backlog hit $9.2 billion on September 30, 2026, extending visibility into 2027.
- FY2026 guidance rose to $4.03-$4.12 billion revenue and $525-$540 million adjusted EBITDA.
What critics are saying
- Customer contracts terminate quickly, and permitting delays keep backlog stranded for quarters.
- SOLV issued shares for acquisitions; dilution and integration risk rose after IPO.
- EPC supplies 93% of backlog; project cancellations would crush utilization and cash flow.
What makes SOLV Energy unique
- SOLV Energy combines EPC, O&M, SCADA, and high-voltage self-perform capabilities across 24 GW.
- ASB Energy Services adds substation foundations and BESS infrastructure, strengthening Texas execution.
- Roberson Waite and ASB acquisitions deepen local crews for utility-scale solar lifecycle delivery.
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Funding
Total Funding
$540M
Above
Industry Average
Funded Over
1 Rounds
Benefits
- Health Insurance
- Dental Insurance
- Vision Insurance
- Paid Vacation
- Paid Sick Leave
- Paid Holidays
- 401(k) Retirement Plan
Growth & Insights and Company News
6 month growth
30%1 year growth
30%2 year growth
30%Solv Energy Inc. reported third-quarter net income of $69.9 million, or 53 cents per share, on Thursday. The San Diego-based provider of infrastructure services to the power industry missed Wall Street expectations. Three analysts surveyed by Zacks Investment Research had expected earnings of 59 cents per share. Revenue came in at $1.24 billion, beating the analyst forecast of $1.19 billion.
SOLV Energy expands high-voltage infrastructure capabilities with acquisition of ASB Energy Services. SAN DIEGO, Nov. 02, 2026 (GLOBE NEWSWIRE) - SOLV Energy, Inc. (Nasdaq: MWH) ("SOLV"), a leading provider of infrastructure services to the power industry, today announced it has completed the acquisition of ASB Energy Services ("ASB"), a Texas-based contractor specializing in substation foundations, civil construction, and battery energy storage system (BESS) infrastructure. The acquisition strengthens SOLV's energy infrastructure platform and expands its self-perform high-voltage construction capabilities. SOLV acquired ASB for approximately $45 million, excluding customary closing adjustments, with consideration consisting of $36 million in cash and $9 million in shares of Class A common stock. The transaction broadens SOLV's ecosystem of services, increases its presence in Texas and other high-growth regions, and improves its ability to support customers across the power lifecycle. Founded in 2007 and headquartered in Amarillo, Texas, ASB has established a reputation for delivering complex energy infrastructure projects safely and efficiently. The company serves customers across the data center, energy storage, renewable energy, and industrial sectors and is recognized for its experienced workforce, strong execution, and commitment to safety. "This acquisition advances our strategy to build a diversified energy infrastructure services platform capable of supporting customers throughout the power lifecycle," said George Hershman, Chief Executive Officer of SOLV Energy. "ASB brings proven expertise, a strong safety culture, and an experienced team that complements our existing capabilities and strengthens our ability to deliver critical energy infrastructure for customers across the country. As demand for reliable electricity continues to grow, we believe investments in generation, storage, transmission, and substation infrastructure will remain an important long-term opportunity." "Joining SOLV marks an exciting next chapter for our employees and customers," said Dwayne Hoving, Founder and CEO of ASB Energy Services. "From the beginning, ASB was built around delivering high-quality work, developing our people, and creating long-term value for our customers. By becoming part of SOLV, we gain access to additional resources, broader opportunities, and a shared commitment to safety and execution excellence, while continuing to deliver the level of service our customers have come to expect." ASB will operate as a SOLV Energy company, retaining its leadership team, operating approach, and customer relationships. The acquisition supports SOLV's long-term strategy to expand its energy infrastructure platform and capitalize on increasing investment driven by grid modernization, energy storage deployment, industrial growth, and rising electricity demand across the United States. About SOLV Energy SOLV Energy is a leading provider of infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance and repowering. Since 2008, we have built more than 500 power plants, representing 22 GW of generating capacity. SOLV Energy also provides operations and maintenance (O&M) services to 152 operating power plants, representing over 23 GW of generating capacity. In addition to EPC and O&M for utility-scale power plants and related T&D infrastructure, we offer large-scale repair, emergency response and repowering services and install end-to-end SCADA and network infrastructure solutions to maximize project performance and energy availability. To learn more, visit solvenergy.com. Forward-Looking Statements This press release contains forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, which are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different from the statements made herein. All statements other than statements of historical fact contained in this press release are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to any historical or current facts. You should evaluate all forward-looking statements made in this press release in the context of the risks and uncertainties disclosed herein, in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, including "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and our other filings with the SEC, accessible on the SEC's website at www.sec.gov and the Investors Relations section of the Company's website at https://investors.solvenergy.com/financial-information/sec-filings. The Company assumes no responsibility to update forward-looking statements made herein or otherwise. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, our actual financial condition, results of operations, future performance and business may vary in material respects from the performance projected in these forward-looking statements.
SOLV Energy (NASDAQ:MWH) given New $42.00 price target at Robert W. Baird. August 14, 2026 Key points. * Robert W. Baird lowered SOLV Energy's price target from $50 to $42 while maintaining an "outperform" rating, implying about 28% upside from the prior close. * Analyst sentiment remains broadly positive, with an overall "Moderate Buy" consensus and an average price target of $39.27, despite ratings ranging from strong buy to sell. * SOLV Energy reported quarterly EPS of $0.30, beating estimates by $0.04, while revenue rose 77.4% year over year to $951.24 million; its shares opened at $32.73 after rising 8.8%. * Interested in SOLV Energy? Here are five stocks we like better. SOLV Energy (NASDAQ:MWH - Get Free Report) had its target price decreased by investment analysts at Robert W. Baird from $50.00 to $42.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's target price suggests a potential upside of 28.32% from the stock's previous close. Several other analysts have also weighed in on MWH. Canadian Imperial Bank of Commerce upped their price objective on SOLV Energy from $37.00 to $38.00 and gave the company an "outperformer" rating in a report on Monday, April 20th. KeyCorp upped their price target on shares of SOLV Energy from $36.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 13th. UBS Group restated a "neutral" rating and set a $50.00 price objective (up from $42.00) on shares of SOLV Energy in a research report on Thursday, May 14th. Weiss Ratings initiated coverage on shares of SOLV Energy in a report on Wednesday, June 3rd. They issued a "sell (d)" rating on the stock. Finally, Zacks Research raised shares of SOLV Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SOLV Energy has an average rating of "Moderate Buy" and an average price target of $39.27. SOLV Energy trading up 8.8%. Shares of MWH opened at $32.73 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $30.57. SOLV Energy has a 52-week low of $23.83 and a 52-week high of $48.40. SOLV Energy (NASDAQ:MWH - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $951.24 million during the quarter. The firm's revenue was up 77.4% compared to the same quarter last year. As a group, sell-side analysts predict that SOLV Energy will post 1.49 EPS for the current year. Institutional trading of SOLV Energy. An institutional investor recently raised its stake in SOLV Energy stock. Bank of New York Mellon Corp grew its position in SOLV Energy Inc. (NASDAQ:MWH - Free Report) by 697.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,660 shares of the company's stock after buying an additional 86,290 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.08% of SOLV Energy worth $3,359,000 at the end of the most recent quarter. SOLV Energy company profile. SOLV Energy NASDAQ: MWH is a renewable energy company that develops, constructs and operates solar and energy storage projects. The firm provides solutions aimed at reducing customers' reliance on traditional grid power by pairing photovoltaic systems with battery storage where appropriate. SOLV's activities are centered on delivering commercial-scale and distributed generation projects for business, institutional and public sector clients. Discover more Dividend screener tool Stock profit calculator EV market analysis The company's services encompass multiple phases of project delivery, including site assessment, system design, procurement, engineering and construction, and ongoing operations and maintenance. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider SOLV Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SOLV Energy wasn't on the list. While SOLV Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
SOLV Energy reported record financial results for the second quarter of 2026, with revenue increasing 77% year-over-year to $951 million. First-half revenue reached $1.628 billion, up 72% from the previous year, driven by increased construction activity and mergers and acquisitions. The company's total backlog grew 44% year-over-year to approximately $8.9 billion as of 30 June 2026. SOLV now has over 23 GW under contract for operations and maintenance services. Second-quarter gross profit reached $140 million, with first-half results totalling $259 million. On 1 July 2026, SOLV completed its acquisition of Roberson Waite Electric. Chief Executive Officer George Hershman said the company is raising its full-year financial guidance, citing strong execution and growing customer demand for energy infrastructure services.
SOLV Energy's lock-up period ends on 10 August, allowing company insiders and major shareholders to trade their shares. The renewable energy company raised $512.5 million in its initial public offering on 11 February, issuing 20.5 million shares at $25 each. Analyst coverage has been mixed, with ten buy ratings, two hold ratings and one sell rating. Recent price targets range from $38 to $50, with firms including Robert W. Baird and Guggenheim raising their targets to $50. Shares opened at $28.43 on Monday, within the company's trading range of $23.83 to $48.40. SOLV Energy develops, constructs and operates solar and energy storage projects for commercial, institutional and public sector clients.
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About SOLV Energy
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Diego, CA
Founded
2008
SOLV Energy is Hiring for 144 Jobs on Simplify!
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs