Full-Time
Posted on 5/9/2026
$37.11 - $46.39/hr
No H1B Sponsorship
Delano, CA, USA
In Person
Company Size
501-1,000
Company Stage
N/A
Total Funding
$6.8M
Headquarters
San Diego, California
Founded
2008
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Solv energy raises $513 million in IPO. Powered by SOLV Energy raises $512.5 million in IPO, shares climb 23% on debut. SAN DIEGO, February 18, 2026 - SOLV Energy Inc. priced its initial public offering at $25 per share, raising $512.5 million from 20.5 million Class A shares. The San Diego-based power infrastructure firm debuted on Nasdaq under ticker MWH on February 11, 2026, with shares closing at $30.67, up 23%, signaling strong investor confidence amid renewable energy demand. Announcement specifics. SOLV Energy sold 20.5 million shares at the top of its $22-$25 marketed range. Underwriters, led by Jefferies and J.P. Morgan, exercised a full 30-day option for 3.075 million additional shares, boosting total proceeds to $589.4 million. The IPO valued the firm at approximately $5 billion initially, rising to nearly $6 billion post-debut. Trading commenced February 11, with the first full trading day closing February 12, 2026. Stakeholder perspective. "the largest provider of energy services to solar and storage" - George Hershman, CEO at SOLV Energy Why it matters: This statement underscores SOLV's market leadership position, built since 2008 with over 500 projects totaling 20 GW capacity and an $8 billion backlog. Industry context. SOLV Energy provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) for utility-scale solar, battery storage, and transmission and distribution infrastructure. The IPO arrives amid selective IPO markets, with 12 firms raising $5 billion in 2026 year-to-date. Renewables peers like First Solar and Quanta Services highlight sector momentum, driven by U.S. clean energy demand despite market volatility. The company operates exclusively from its San Diego, California headquarters, with U.S.-focused projects. No verified operations or expansion plans in MENA regions including Riyadh, Dubai, or Abu Dhabi have been disclosed. International expansion timeline remains undisclosed. Conclusion. SOLV Energy's strong IPO performance positions the company for backlog execution and renewable growth acceleration. The firm is expected to deploy capital toward EPC investments, enhancing U.S. solar and storage infrastructure amid rising energy transition needs. Reach industry leaders, innovators, and decision-makers in the fintech community. Submit Your PR
SOLV Energy, inc. (MWH): peeking at the IPO prospectus of an infrastructure services Company. Private equity-backed SOLV Energy plans IPO, leading in utility-scale solar and battery storage infrastructure with strong backlog and profitability driven by power demand growth and O&M revenues. * Introduction * Company Overview * Market Opportunity * Financial Profile * Potential IPO Timing Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to: * Unlock research summaries * Follow top, independent analysts * Receive personalised alerts * Access Analytics, Events and more Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
SOLV Energy names a Chief Legal Officer and Secretary to support strategic growth. News provided by. SAN DIEGO, Dec. 11, 2025 /PRNewswire/ - SOLV Energy ("SOLV Energy" or the "Company") announced the appointment of Adam Forman as Chief Legal Officer and Secretary, reinforcing the Company's commitment to operational excellence and strategic expansion. Adam brings over 25 years of legal experience and leadership in the energy sector, including roles as Executive Vice President, General Counsel and Secretary at EnLink Midstream and senior positions at Kinder Morgan. His expertise in governance, compliance and complex transactions will help SOLV Energy scale its services and expand into new markets. "Adam's deep experience guiding legal and compliance functions for large, dynamic organizations will be invaluable as we pursue ambitious growth opportunities," said George Hershman, CEO of SOLV Energy. "His leadership strengthens our ability to navigate evolving business needs while maintaining the highest standards of integrity and governance." "I'm excited to join SOLV Energy and support its continued growth," said Adam Forman. "The Company has a strong foundation and significant opportunities ahead, and I look forward to contributing to its success." Adam joins a seasoned legal team dedicated to supporting SOLV Energy's mission of delivering reliable, sustainable energy solutions. This addition underscores the Company's focus on building a strong foundation for long-term success. 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 20 GW of generating capacity. SOLV Energy also provides operations and maintenance (O&M) services to 146 operating power plants, representing over 18 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. SOURCE SOLV Energy
SOLV Energy has recently expanded its operations by acquiring Spartan Infrastructure, a specialist in HV transmission based in Mesa, Arizona.
SAN DIEGO, May 19, 2025 /PRNewswire/ -- At the CLEANPOWER 2025 conference in Phoenix this week, SOLV Energy announced several awards from leading developers to construct more than 6 gigawatts (GW) of utility-scale solar and storage projects. The projects are in multiple states, including Arizona, Mississippi, Nevada, Oregon, Texas and California and include assets owned by longstanding customers such as Arevon, Clēnera and Sol Systems, as well as new customers such as NewSun Energy, Enfinity Global and Panamint Capital. Construction mobilizations for the new projects are scheduled to begin in 2025 and beyond.To support the growing demand for power across the United States, SOLV Energy is making significant investments in hiring and training regional project teams, including recruiting local project managers with insights into regional conditions, permitting processes and regulatory requirements. SOLV Energy is also expanding the scope of its self-perform capabilities to accelerate construction timelines, increase quality and reduce costs for the company's customers. In January, the company announced the acquisition of SDI Services, LLC (fka Sacramento Drilling), a provider of foundation solutions for solar energy and T&D projects. The acquisition brings solar predrill and pile foundation capabilities in-house, enabling SOLV Energy to support complex projects in diverse terrain and environmental conditions."Demand for energy is continuing to grow rapidly and we are committed to investing in the capabilities our customers need for larger and increasingly complex power projects," said George Hershman, CEO of SOLV Energy