SOLV Energy, Inc. Class A Common Stock

SOLV Energy, Inc. Class A Common Stock

MWH
SOLV Energy, Inc. Class A Common StockUS flagNASDAQ Global Select
26.00
USD
+1.50
- -
3.19BMarket Cap
SOLV Energy, Inc. Class A Common Stock
MWH
(NASDAQ Global Select)

Recent

price

26.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2022
2023
2024
2025
TTM
FRC
20.65
18.71
16.46
12.49
22
Revenue per Share
-1.08
-0.98
0.09
0.75
0.83
Basic EPS, GAAP
0.5
0.32
0.97
1.56
2.04
Free Cash Flow per Basic Share
- -
- -
0.09
0.46
1.41
Dividend per Share
- -
1.95
1.96
2.27
2.45
Book Value per Share
- -
-2.44
-2.09
-1.7
-1.3
Tangible Book Value per Share
112
112
112
199
144
Basic Weighted Avg Shares
2,318
2,101
1,848
2,490
3,175
Sales/Revenue/Turnover
-3.55
-2.52
3.51
7.85
6
Operating Margin (%)
88
82
85
86
96
Depreciation Expense
-122
-110
10
149
119
Net Income, GAAP
- -
- -
5.68
2.38
7.83
Effective Tax Rate (%)
-5.25
-5.23
0.54
5.99
3.76
Profit Margin (%)
- -
-126
-75
6
90
Working Capital
- -
425
407
450
61
LT Debt
- -
390
393
455
851
Total Equity
- -
- -
7.42
21.64
- -
Return on Invested Capital (%)
- -
- -
7.57
22.97
25.06
Return on Capital (%)
- -
-56.57
2.55
35.39
141.91
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
22
21
23
LT Borrowings
413
20
18
LT Finance Leases
37
40
43
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
199
202
202
Market Capitalization
- -
6,080
6,891

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
899
947
1,052
Cash, Cash Equivalents & STI
395
385
364
Accounts Receivable, Net
269
285
393
Inventories
- -
- -
- -
Total Current Liabilities
893
892
962
Payables & Accruals
451
433
559
ST Debt
22
21
23
Deferred Revenue
309
346
258

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
15.7%
Free Cash Flow
- -
- -
184.5%
Net Income, GAAP
- -
- -
1,403.56%
Sales/Revenue/Turnover
- -
- -
34.78%
Total Cash Common Dividend
- -
- -
766.96%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
441
- -
- -
- -
1,848
2025
408
536
753
794
2,490
2026
677
951
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.09
2025
-0.01
0.22
- -
0.34
0.75
2026
-0.2
0.31
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.09
2025
0.43
0.12
- -
0.02
0.46
2026
1.26
0.34
- -
- -
- -
Business
SOLV Energy, Inc. (NYSE: MWH) is a leading provider of sustainable energy solutions, specializing in solar photovoltaic (PV) systems, energy storage, and comprehensive energy management services across residential, commercial, and utility-scale markets. Founded in 2011 and headquartered in Tempe, Arizona, the company designs, engineers, procures, constructs, and maintains solar energy projects; battery energy storage systems; electric vehicle (EV) charging infrastructure; and related rooftop and ground-mount solar installations, serving customers throughout the United States with a focus on the southwestern and southeastern regions. The company's core offerings include full-service engineering, procurement, and construction (EPC) for solar PV projects; operation and maintenance (O&M) services for solar assets; development and financing of community solar programs; and turnkey energy storage solutions integrated with solar-plus-storage systems. SOLV Energy operates through key subsidiaries such as SOLV Energy Development, which focuses on project development pipelines exceeding 5 GW of solar capacity, and SOLV O&M, providing long-term asset management; it targets commercial and industrial (C&I) clients, utilities, municipalities, and homeowners, with notable projects including large-scale utility solar farms and distributed generation for data centers and manufacturing facilities. In recent developments, SOLV Energy went public in April 2025 via a NYSE listing under ticker MWH following its merger with a special purpose acquisition company (SPAC), significantly expanding its capital access for growth initiatives. The company announced a major strategic partnership with NextEra Energy Resources in late 2025 for co-developing 1.2 GW of solar-plus-storage projects across California and Texas, alongside securing a $500 million funding round led by institutional investors to accelerate its utility-scale pipeline. Additionally, in Q4 2025, SOLV launched its proprietary SOLV Flex energy management platform, enabling AI-optimized demand response and virtual power plant (VPP) services for commercial customers, marking its entry into smart grid software solutions.

Company News

  • Bank of New York Mellon Corp Acquires 86,290 Shares of SOLV Energy Inc. $MWH

  • SOLV Energy Q2 Earnings Call Highlights

  • SOLV Energy, Inc. (MWH) Q2 2026 Earnings Call Transcript

  • SOLV Energy Reports Second Quarter 2026 Financial Results

  • The Energy IPO Boom Is Just Getting Started. Here Are the Companies to Watch.

  • SOLV Energy to Report Second Quarter 2026 Financial Results on August 13, 2026

  • SOLV Energy: The Pullback Makes The Buy Case Stronger

  • SOLV Energy Announces Full Exercise and Closing of Underwriters' Option to Purchase Additional Shares of Class A Common Stock

  • SOLV Energy Scales Up, Now Supporting Multiple 600+ MW Solar and Battery Projects Totaling More than 4 GW Across the U.S.

  • SOLV Energy Announces Pricing of Upsized Public Offering of Class A Common Stock

  • SOLV Energy Announces Launch of Public Offering of Class A Common Stock

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

  • SOLV Energy Q1 Earnings Call Highlights

  • SOLV Energy Reports First Quarter 2026 Results

  • SOLV Energy to Report First Quarter 2026 Financial Results on May 12, 2026

  • SOLV Energy Expands Utility Infrastructure Platform with Roberson Waite Electric Acquisition, Advancing Long-Term Growth Strategy for Shareholders

  • SOLV Energy: Valuation Too Low Vs. Peers

  • Contrasting Primoris Services (NYSE:PRIM) and SOLV Energy (NASDAQ:MWH)

  • Head to Head Contrast: Primoris Services (NYSE:PRIM) & SOLV Energy (NASDAQ:MWH)

  • Financial Analysis: SOLV Energy (NASDAQ:MWH) vs. Primoris Services (NYSE:PRIM)