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SOLV Energy, Inc. Class A Common Stock

SOLV Energy, Inc. Class A Common Stock

MWH · NASDAQ · Utilities / Utilities - Renewable

27.81USD+1.03 (+3.85%)

Price History

Full chart

Market Stats

Previous Close26.78
Open27.28
Day Range26.60 – 28.02
52-Week Range23.53 – 48.40
Volume2.58M
Market Cap5.10B
P/E (TTM)42.71
Forward P/E18.73
EPS0.59
Dividend Yield0.00%
50-Day Avg27.53
200-Day Avg31.59

About

SOLV Energy, Inc. provides infrastructure services to the power industry in the United States. 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, and related transmission and distribution infrastructure. It also provides operations and maintenance services. The company serves project developers, independent power producers, and utilities. SOLV Energy, Inc. was founded in 2008 and is headquartered in San Diego, California.

Company Details

  • SectorUtilities
  • IndustryUtilities - Renewable
  • CEOMr. George Hershman
  • Employees2.60K
  • Headquarters16680 West Bernardo Drive, San Diego, CA, United States, 92127, USA
  • Websitehttps://www.solvenergy.com

Leadership

  • Mr. George HershmanCEO & Director · b. 1970
  • Mr. Chad S. PlotkinChief Financial Officer · b. 1975
  • Mr. Kevin J. DetersChief Operating Officer · b. 1973
  • Mr. David H. Grubb Jr.Chief Commercial Officer · b. 1963
  • Mr. Erik JohnsonChief Strategy Officer · b. 1972
  • Mr. Ronald B. StarkSenior VP, Controller & Principal Accounting Officer · b. 1964
  • Mr. Eric ValletonChief Technology Officer · b. 1978
  • Mr. Mike AdamsVice President of Investor Relations
  • Mr. Adam S. Forman J.D.Chief Legal Officer & Secretary · b. 1968
  • Ms. Brandi PearsonChief People Officer · b. 1981

Financials

Income Statement

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Revenue2.32B2.10B1.85B2.49B
Growth (%)--9.39%-12.04%+34.78%
Cost of Revenue2.22B1.99B1.59B2.08B
Gross Profit97.92M110.00M259.16M406.49M
Gross Margin4.22%5.24%14.03%16.32%
Operating Expense180.21M162.88M194.23M211.04M
Operating Income-82.29M-52.89M64.93M195.44M
Operating Margin-3.55%-2.52%3.51%7.85%
EBITDA6.17M31.89M150.75M280.99M
EBITDA Margin0.27%1.52%8.16%11.28%
Net Income-121.76M-109.84M49.92M149.18M
Net Income Margin-5.25%-5.23%2.70%5.99%
Interest Expense39.66M59.70M3.71M52.73M
Interest Expense % of Total Revenue1.71%2.84%0.20%2.12%

Balance Sheet

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Assets-1.59B1.48B1.82B
Total Liabilities-1.19B1.08B1.36B
Total Equity-390.37M393.45M452.19M
Cash-178.02M207.99M394.88M
Total Debt---471.87M
Net Debt-230.21M176.87M76.99M

Cash Flow

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow83.93M50.29M117.61M331.64M
Investing Cash Flow----76.74M
Financing Cash Flow13.13M-34.88M-79.37M-68.01M
Capital Expenditure27.26M14.40M8.57M21.41M
Free Cash Flow56.67M35.89M109.04M310.23M
Dividends Paid0010.53M91.25M
FCF to OCF67.52%71.36%92.71%93.54%
Dividend Paid to FCF0.00%0.00%9.65%29.41%

Earnings

Report DateMar 19, 2026May 12, 2026Aug 13, 2026Nov 12, 2026
EPS Estimate0.290.150.260.58
EPS Actual0.18-0.200.30-
Surprise-39.48%-235.00%15.38%-
TimingPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap5.10B
Enterprise Value4.87B
Trailing P/E42.71
Forward P/E18.73
Price / Sales1.61
Price / Book10.37
EPS0.59
Book Value4.02
Revenue (TTM)3.17B
Gross Profit (TTM)555.99M
EBITDA312.51M
Profit Margin3.76%
Operating Margin7.96%
Return on Equity35.28%
Return on Assets8.09%
Shares Outstanding123.75M
Shares Float45.67M
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
106.93%
Insiders
0.01%
Retail / Other
0.00%

Top Institutional Holders

  • AMERICAN SECURITIES LLC
    82.92M40.97%
  • Sam Sustainable Asset Management Ltd
    2.64M1.31%
  • Point72 Asset Management, L.P.
    1.98M0.98%
  • Handelsbanken Fonder AB
    1.30M0.64%
  • Driehaus Capital Management LLC
    1.27M0.63%
  • Jennison Associates LLC
    1.17M0.58%
  • Two Sigma Investments LLC
    1.04M0.51%
  • Encompass Capital Advisors LLC
    1.00M0.49%
  • Vanguard Capital Management, LLC
    967.34K0.48%
  • Vanguard Portfolio Management, LLC
    834.88K0.41%
  • Deutsche Bank AG
    756.39K0.37%
  • Electron Capital Partners, LLC
    749.39K0.37%

Top Fund Holders

  • First Trust RBA Amer Indl RenaisTM ETF
    4.05M2.00%
  • Robeco Smart Energy F-EUR Cap
    2.37M1.17%
  • Global X US Infrastructure Dev ETF
    1.42M0.70%
  • Handelsbanken Hållbar Energi (A1 SEK)
    1.23M0.61%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.17M0.58%
  • PGIM Jennison Utility A
    950.11K0.47%
  • BNP Clean Energy Solutions C D
    852.21K0.42%
  • Vanguard Small Cap Index
    846.21K0.42%