Symbols / MWH Stock $34.87 -4.36% SOLV Energy, Inc.

Utilities • Utilities - Renewable • United States • NMS
MWH (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Utilities
Industry Utilities - Renewable
CEO Mr. George Hershman
Exch · Country NMS · United States
Market Cap 7.31B
Enterprise Value 4.10B
Income 126.54M
Sales 2.76B
FCF (ttm) —
Book/sh 3.75
Cash/sh 3.34
Employees 2,600
Insider 10d —
IPO Feb 12, 2026
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 56.24
Forward P/E 21.52
PEG —
P/S 2.65
P/B 9.30
P/C —
EV/EBITDA 14.16
EV/Sales 1.49
Quick Ratio 0.93
Current Ratio 1.06
Debt/Eq 9.93
LT Debt/Eq —
EPS (ttm) 0.62
EPS next Y 1.62
EPS Growth —
Revenue Growth 65.90%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) —
ROA —
ROE —
ROIC —
Gross Margin 19.00%
Oper. Margin -0.10%
Profit Margin 4.59%
Shs Outstand 122.65M
Shs Float 23.57M
Insider Own 0.00%
Instit Own 97.90%
Short Float 6.39%
Short Ratio 1.56
Short Interest 1.51M
52W High 48.40
vs 52W High -27.95%
52W Low 26.42
vs 52W Low 31.98%
Beta —
Impl. Vol. —
Rel Volume 1.79
Avg Volume 1.23M
Volume 2.20M
Target (mean) $48.36
Tgt Median $50.00
Tgt Low $32.00
Tgt High $55.00
# Analysts 11
Recom Strong_buy
Prev Close $36.46
Price $34.87
Change -4.36%
About

SOLV Energy, Inc. provides infrastructure services to the power industry in the Unites Sates. It offers engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering services. The company engages in designing, building, and maintaining utility-scale solar and battery storage projects with capacity of 200 MWdc, and larger and related transmission and distribution infrastructure. It also provides operations and maintenance services to existing utility-scale solar energy projects. The company serves project developers, independent power producers, and utilities. SOLV Energy, Inc. was founded in 2008 and is headquartered in San Diego, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$48.36
Mean price target
2. Current target
$34.87
Latest analyst target
3. DCF / Fair value
$9.30
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$34.87
Low
$32.00
High
$55.00
Mean
$48.36

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-26 main Guggenheim Buy → Buy $50
2026-05-14 down UBS Buy → Neutral $50
2026-05-13 main Evercore ISI Group Outperform → Outperform $51
2026-05-13 main Keybanc Overweight → Overweight $50
2026-05-13 main Baird Outperform → Outperform $50
2026-04-20 main CIBC Outperformer → Outperformer $38
2026-04-15 main Keybanc Overweight → Overweight $36
2026-03-09 init TD Cowen — → Buy $32
2026-03-09 init UBS — → Buy $42
2026-03-09 init JP Morgan — → Overweight $34
2026-03-09 init Jefferies — → Buy $32
2026-03-09 init Guggenheim — → Buy $37
2026-03-09 init Wolfe Research — → Outperform $35
2026-03-09 init Roth Capital — → Buy $35
2026-03-09 init Evercore ISI Group — → Outperform $34
2026-03-09 init Baird — → Outperform $36
2026-03-09 init Keybanc — → Overweight $34
News
RSS: Latest MWH news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,490.50
+34.78%
1,847.80
-12.04%
2,100.64
-9.39%
2,318.26
Operating Revenue
2,463.70
+33.39%
1,847.04
-7.62%
1,999.40
-13.63%
2,314.86
Cost Of Revenue
2,026.26
+27.55%
1,588.64
-20.19%
1,990.65
-10.35%
2,220.35
Reconciled Cost Of Revenue
1,998.47
+27.28%
1,570.15
-20.53%
1,975.86
-10.64%
2,211.08
Gross Profit
464.23
+79.13%
259.16
+135.61%
110.00
+12.34%
97.92
Operating Expense
268.79
+38.39%
194.23
+19.25%
162.88
-9.61%
180.21
Selling General And Administration
211.04
+65.02%
127.89
+33.44%
95.84
-5.31%
101.21
Total Expenses
2,295.05
+28.73%
1,782.87
-17.21%
2,153.53
-10.29%
2,400.56
Operating Income
195.44
+201.00%
64.93
+222.77%
-52.89
+35.73%
-82.29
Total Operating Income As Reported
195.44
+201.00%
64.93
+222.77%
-52.89
-164.27%
82.29
EBITDA
291.62
+93.44%
150.75
+372.65%
31.89
+416.77%
6.17
Normalized EBITDA
291.62
+87.96%
155.15
+386.44%
31.89
+416.77%
6.17
Reconciled Depreciation
85.54
+0.83%
84.84
+3.67%
81.83
-7.29%
88.26
EBIT
206.08
+212.63%
65.92
+232.00%
-49.94
+39.17%
-82.09
Total Unusual Items
0.00
+100.00%
-4.40
0.00
0.00
Total Unusual Items Excluding Goodwill
0.00
+100.00%
-4.40
0.00
0.00
Special Income Charges
0.00
+100.00%
-4.40
0.00
0.00
Other Special Charges
—
4.40
—
—
Net Income
149.18
+1403.56%
9.92
+109.03%
-109.84
+9.78%
-121.76
Pretax Income
153.35
+1357.38%
10.52
+109.60%
-109.64
+9.95%
-121.75
Net Non Operating Interest Income Expense
-45.57
+10.28%
-50.79
+12.53%
-58.07
-47.16%
-39.46
Interest Expense Non Operating
52.73
-4.81%
55.39
-7.22%
59.70
+50.53%
39.66
Net Interest Income
-45.57
+10.28%
-50.79
+12.53%
-58.07
-47.16%
-39.46
Interest Expense
52.73
-4.81%
55.39
-7.22%
59.70
+50.53%
39.66
Interest Income Non Operating
7.16
+55.53%
4.60
+181.58%
1.63
+708.91%
0.20
Interest Income
7.16
+55.53%
4.60
+181.58%
1.63
+708.91%
0.20
Other Income Expense
3.48
+196.10%
-3.62
-374.43%
1.32
—
Other Non Operating Income Expenses
3.48
+345.07%
0.78
-40.74%
1.32
—
Tax Provision
3.64
+509.20%
0.60
+193.14%
0.20
+3980.00%
0.01
Tax Rate For Calcs
0.00
-58.20%
0.00
-72.94%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
+100.00%
-0.25
0.00
0.00
Net Income Including Noncontrolling Interests
149.70
+1408.49%
9.92
+109.03%
-109.84
+9.79%
-121.76
Net Income From Continuing Operation Net Minority Interest
149.18
+1403.56%
9.92
+109.03%
-109.84
+9.78%
-121.76
Net Income From Continuing And Discontinued Operation
149.18
+1403.56%
9.92
+109.03%
-109.84
+9.78%
-121.76
Net Income Continuous Operations
149.70
+1408.49%
9.92
+109.03%
-109.84
+9.79%
-121.76
Minority Interests
-0.52
-25900.00%
-0.00
-100.00%
-0.00
+0.00%
-0.00
Normalized Income
149.18
+960.29%
14.07
+112.81%
-109.84
+9.78%
-121.76
Net Income Common Stockholders
149.18
+1403.56%
9.92
+109.03%
-109.84
+9.78%
-121.76
Diluted EPS
0.75
+1403.57%
0.05
+105.09%
-0.98
+9.79%
-1.08
Basic EPS
0.75
+746.53%
0.09
+109.03%
-0.98
+9.79%
-1.08
Basic Average Shares
199.42
+77.62%
112.27
+0.00%
112.27
+0.00%
112.27
Diluted Average Shares
199.42
+0.00%
199.42
+0.00%
199.42
+0.00%
199.42
Diluted NI Availto Com Stockholders
149.18
+1403.56%
9.92
+109.03%
-109.84
+9.78%
-121.76
Amortization
57.75
-12.96%
66.35
-1.05%
67.05
-15.12%
79.00
Amortization Of Intangibles Income Statement
57.75
-12.96%
66.35
-1.05%
67.05
-15.12%
79.00
Depreciation Amortization Depletion Income Statement
57.75
-12.96%
66.35
-1.05%
67.05
-15.12%
79.00
Depreciation And Amortization In Income Statement
57.75
-12.96%
66.35
-1.05%
67.05
-15.12%
79.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
1,816.27
+22.88%
1,478.03
-6.75%
1,585.05
Current Assets
899.28
+52.86%
588.31
-7.44%
635.60
Cash Cash Equivalents And Short Term Investments
394.88
+89.86%
207.99
+16.84%
178.02
Cash And Cash Equivalents
394.88
+89.86%
207.99
+16.84%
178.02
Receivables
431.76
+27.98%
337.35
-18.37%
413.27
Accounts Receivable
269.04
-3.21%
277.96
+23.34%
225.36
Other Receivables
5.97
-35.05%
9.19
+100.24%
4.59
Prepaid Assets
51.02
+269.40%
13.81
-43.87%
24.61
Current Deferred Assets
17.73
-29.64%
25.20
+43.18%
17.60
Other Current Assets
3.90
-1.37%
3.95
+87.65%
2.11
Total Non Current Assets
916.99
+3.06%
889.73
-6.29%
949.44
Net PPE
114.39
+51.22%
75.65
+8.06%
70.00
Gross PPE
176.32
+53.33%
114.99
+22.43%
93.93
Accumulated Depreciation
-61.92
-57.40%
-39.34
-64.46%
-23.92
Construction In Progress
3.34
+223.96%
1.03
+9.45%
0.94
Other Properties
157.76
+57.63%
100.08
+18.06%
84.78
Leases
15.21
+9.65%
13.88
+69.04%
8.21
Goodwill And Other Intangible Assets
791.67
-2.09%
808.58
-7.58%
874.93
Goodwill
429.28
+4.70%
410.01
+0.00%
410.01
Other Intangible Assets
362.39
-9.08%
398.58
-14.27%
464.93
Investments And Advances
3.75
+0.00%
3.75
+25.00%
3.00
Other Investments
3.75
+0.00%
3.75
+25.00%
3.00
Non Current Deferred Assets
6.05
0.00
—
Other Non Current Assets
1.12
-35.53%
1.74
+15.67%
1.51
Total Liabilities Net Minority Interest
1,361.05
+25.49%
1,084.58
-9.22%
1,194.68
Current Liabilities
892.84
+34.58%
663.43
-12.93%
761.97
Payables And Accrued Expenses
450.53
+24.18%
362.82
-31.99%
533.50
Payables
434.76
+26.54%
343.56
-21.96%
440.21
Accounts Payable
422.85
+28.04%
330.25
-24.33%
436.44
Current Accrued Expenses
15.78
-18.09%
19.26
-79.36%
93.29
Employee Benefits
0.00
-100.00%
9.13
+126.44%
4.03
Pensionand Other Post Retirement Benefit Plans Current
106.18
+142.42%
43.80
+174.84%
15.94
Total Tax Payable
11.90
+38.93%
8.57
—
Current Debt And Capital Lease Obligation
22.00
+39.21%
15.80
+39.08%
11.36
Current Debt
9.02
+44.48%
6.25
+11.60%
5.60
Other Current Borrowings
9.02
+44.48%
6.25
+11.60%
5.60
Current Capital Lease Obligation
12.98
+35.77%
9.56
+65.75%
5.77
Current Deferred Liabilities
314.12
+30.34%
241.00
+19.80%
201.16
Current Deferred Revenue
308.62
+28.06%
241.00
+44.30%
167.02
Total Non Current Liabilities Net Minority Interest
468.21
+11.17%
421.16
-2.67%
432.71
Long Term Debt And Capital Lease Obligation
449.86
+10.63%
406.62
-4.29%
424.86
Long Term Debt
413.31
+9.16%
378.61
-5.97%
402.63
Long Term Capital Lease Obligation
36.56
+30.50%
28.01
+26.02%
22.23
Long Term Provisions
6.30
+16.58%
5.40
+41.43%
3.82
Non Current Deferred Liabilities
12.04
0.00
—
Non Current Deferred Revenue
1.36
0.00
—
Non Current Deferred Taxes Liabilities
5.34
0.00
—
Other Non Current Liabilities
—
14.53
+85.08%
7.85
Stockholders Equity
452.19
+15.67%
390.94
+0.67%
388.33
Common Stock Equity
452.19
+15.67%
390.94
+0.67%
388.33
Capital Stock
550.33
-13.78%
638.26
-1.13%
645.57
Common Stock
550.33
-13.78%
638.26
-1.13%
645.57
Share Issued
199.42
+0.00%
199.42
+0.00%
199.42
Ordinary Shares Number
199.42
+0.00%
199.42
+0.00%
199.42
Retained Earnings
-98.14
+60.32%
-247.32
+3.86%
-257.25
Minority Interest
3.03
+20.72%
2.51
+22.86%
2.04
Total Equity Gross Minority Interest
455.23
+15.70%
393.45
+0.79%
390.37
Total Capitalization
865.50
+12.47%
769.55
-2.71%
790.96
Working Capital
6.45
+108.58%
-75.12
+40.55%
-126.36
Invested Capital
874.52
+12.73%
775.79
-2.61%
796.55
Total Debt
471.87
+11.70%
422.43
-3.16%
436.22
Net Debt
27.45
-84.48%
176.87
-23.17%
230.21
Capital Lease Obligations
49.54
+31.84%
37.57
+34.20%
28.00
Net Tangible Assets
-339.47
+18.72%
-417.65
+14.17%
-486.61
Tangible Book Value
-339.47
+18.72%
-417.65
+14.17%
-486.61
Dueto Related Parties Current
0.00
-100.00%
4.74
+25.74%
3.77
Interest Payable
2.92
-72.41%
10.57
+1097.62%
0.88
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
331.64
+181.98%
117.61
+133.86%
50.29
-40.08%
83.93
Cash Flow From Continuing Operating Activities
331.64
+181.98%
117.61
+133.86%
50.29
-40.08%
83.93
Net Income From Continuing Operations
149.70
+1408.49%
9.92
+109.03%
-109.84
+9.79%
-121.76
Depreciation Amortization Depletion
85.54
+0.83%
84.84
+3.67%
81.83
-7.29%
88.26
Depreciation And Amortization
85.54
+0.83%
84.84
+3.67%
81.83
-7.29%
88.26
Other Non Cash Items
1.34
-69.12%
4.33
+55.16%
2.79
-29.65%
3.97
Stock Based Compensation
27.33
+217.49%
8.61
+262.40%
2.38
-2.78%
2.44
Provisionand Write Offof Assets
0.44
+116.58%
-2.63
-217.95%
2.23
+199.87%
0.74
Asset Impairment Charge
7.18
+1471.12%
0.46
-8.23%
0.50
+2829.41%
0.02
Operating Gains Losses
0.06
-97.60%
2.29
+244.66%
-1.58
—
Gain Loss On Investment Securities
0.02
+101.72%
-0.99
+37.71%
-1.58
—
Gain Loss On Sale Of PPE
0.04
-82.33%
0.21
0.00
0.00
Change In Working Capital
60.06
+512.59%
9.80
-86.38%
71.99
-34.70%
110.25
Change In Receivables
-78.97
-194.96%
83.16
-26.04%
112.44
+1052.80%
-11.80
Changes In Account Receivables
21.47
+142.96%
-49.97
-161.16%
81.71
+179.06%
-103.35
Change In Payables And Accrued Expense
109.25
+213.26%
-96.46
-7.39%
-89.82
-131.58%
284.46
Change In Other Working Capital
66.90
+174.79%
24.34
-67.86%
75.75
+135.76%
-211.83
Change In Other Current Assets
-32.80
-1198.54%
-2.53
+89.78%
-24.71
-161.79%
39.98
Change In Other Current Liabilities
-4.31
-435.12%
1.29
+177.11%
-1.67
-117.69%
9.44
Investing Cash Flow
-76.74
-828.07%
-8.27
+40.33%
-13.86
+50.63%
-28.07
Cash Flow From Continuing Investing Activities
-76.74
-828.07%
-8.27
+40.33%
-13.86
+50.63%
-28.07
Net PPE Purchase And Sale
-21.41
-158.93%
-8.27
+42.59%
-14.40
+47.15%
-27.26
Purchase Of PPE
-21.41
-149.87%
-8.57
+40.51%
-14.40
+47.15%
-27.26
Sale Of PPE
0.00
-100.00%
0.30
0.00
0.00
Capital Expenditure
-21.41
-149.87%
-8.57
+40.51%
-14.40
+47.15%
-27.26
Net Business Purchase And Sale
-55.33
0.00
+100.00%
-2.50
-206.37%
-0.82
Purchase Of Business
-55.33
0.00
+100.00%
-2.50
-206.37%
-0.82
Financing Cash Flow
-68.01
+14.31%
-79.37
-127.59%
-34.88
-365.57%
13.13
Cash Flow From Continuing Financing Activities
-68.01
+14.31%
-79.37
-127.59%
-34.88
-365.57%
13.13
Net Issuance Payments Of Debt
27.41
+203.88%
-26.39
-800.61%
-2.93
-135.43%
8.27
Issuance Of Debt
47.00
-51.67%
97.25
-35.85%
151.60
+441.44%
28.00
Repayment Of Debt
-19.59
+84.16%
-123.64
+19.99%
-154.53
-683.19%
-19.73
Long Term Debt Issuance
47.00
-51.67%
97.25
-35.85%
151.60
+441.44%
28.00
Long Term Debt Payments
-19.59
+84.16%
-123.64
+19.99%
-154.53
-683.19%
-19.73
Net Long Term Debt Issuance
27.41
+203.88%
-26.39
-800.61%
-2.93
-135.43%
8.27
Net Common Stock Issuance
—
0.00
0.00
-100.00%
15.02
Common Stock Dividend Paid
-91.25
-766.96%
-10.53
0.00
0.00
Cash Dividends Paid
-91.25
-766.96%
-10.53
0.00
0.00
Net Other Financing Charges
-4.18
+90.16%
-42.46
-32.92%
-31.95
-214.57%
-10.15
Changes In Cash
186.89
+523.57%
29.97
+1822.45%
1.56
-97.74%
68.99
Beginning Cash Position
207.99
+16.84%
178.02
+0.88%
176.46
+64.19%
107.47
End Cash Position
394.88
+89.86%
207.99
+16.84%
178.02
+0.88%
176.46
Free Cash Flow
310.23
+184.50%
109.04
+203.85%
35.89
-36.68%
56.67
Interest Paid Supplemental Data
55.93
+29.40%
43.23
-19.57%
53.74
+51.53%
35.47
Income Tax Paid Supplemental Data
2.49
+316.05%
0.60
+193.14%
0.20
+1600.00%
0.01
Common Stock Issuance
—
0.00
0.00
-100.00%
15.02
Dividends Received CFI
0.00
0.00
-100.00%
3.05
0.00
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
15.02
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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