SOLV Energy, Inc. (MWH)
Industrials · Power and renewable energy infrastructure construction and services · Nasdaq
The second-largest solar EPC contractor in the U.S., building utility-scale renewable energy and storage infrastructure at scale for the power industry's rapid capacity expansion.
What SOLV Energy, Inc. does
SOLV Energy is a leading provider of engineering, procurement, construction (EPC), testing, commissioning, operations, maintenance and repowering services to the power industry. The company specializes in utility-scale solar and battery energy storage systems with capacities of 200 MW dc and larger, along with related transmission and distribution infrastructure. With a track record of constructing over 500 power plants representing 21 GW dc since 2008, SOLV operates or maintains long-term O&M services for 150 operating power plants.
Themes: ["Renewable energy infrastructure / solar EPC","Battery storage deployment","Grid modernization / transmission infrastructure","Operations and maintenance services"]
Fundamentals
- Price$28.92 as of 2026-07-10 close
- Market cap$6.1B as of 2026-07-12
- 1-year return-5.7% as of 2026-07-10 close
- P/E48.22 as of 2026-07-12
- Net margin+4.0% as of 2026-07-12
- Gross margin+18.4% as of 2026-07-12
- ROE+33.0% as of 2026-07-12
- Debt / equity0.06 as of 2026-07-12
- Revenue growth (YoY)+80.0% as of 2026-07-12
- Beta1.10 as of 2026-07-12
Key risks (from latest filing)
["Project execution risks: timing, performance, and profitability impacts from factors beyond company control, including contract modifications, cancellations, or suspensions on short notice","Tariff and trade policy exposure: newly imposed or increased U.S. tariffs on imported materials, equipment, and products from China, Mexico, Southeast Asia and other countries could increase costs and compress margins","Material weakness in internal controls: identified deficiencies in internal control over financial reporting that could affect accuracy and timeliness of financial disclosures"]
Competitors & peers
- Ørsted
- NextEra Energy (NEE)
- Duke Energy (DUK)
- Southern Company (SO)
- Boral Limited
- Quanta Services (PWR)
- MasTec (MTZ)
Fundamentals: Finnhub, as of 2026-07-12. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.