MWH
SOLV Energy, Inc.

SOLV Energy, Inc.MWH

Utilities · Utilities - Renewable
26.47USD
-1.56%
Sep 23, 2026
MWH overview ready
Direct EPC and Lifecycle Services Provider for Utility-Scale Solar and Battery Storage
Direct project-execution and lifecycle-services beneficiary for utility-scale solar and battery-storage deployment.
Narrative is still early
Exposed to the Utility-Scale Renewable Power and Storage Buildout narrative through Utility-Scale Solar and Battery Storage EPC and Lifecycle Services — infrastructure…
Price trend is broken
Longer-term context reads new trend, with a near-term setup of extended daily.
The tactical setup reads extended daily, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Ev / ebitda is strong.
Primary risk
Dependence on renewable project development cycles.
Market Sep 22Price action Sep 21

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeat—ThemeHeat—PriceAction1.4Valuation5.6CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of extended daily.
The tactical setup reads extended daily, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$3.3B
Avg Volume (60D)
1.8M
60 sessions
Revenue Growth YoY
+77.5%
Latest quarter
Gross Margin
+17.5%
Operating Margin
+8.0%
Trailing twelve months
Next Earnings
2026-11-12
P/E
44.8x
EV / EBITDA
9.9x
EV / Sales
1.0x
Market metrics as of Sep 22, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is fair.
SOLV Energy, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Direct project-execution and lifecycle-services beneficiary for utility-scale solar and battery-storage deployment. SOLV Energy has direct revenue exposure to the construction and servicing of utility-scale solar and battery-storage projects, rather than only indirect exposure to renewable-power demand.
Opportunity
Moderate opportunity
Developer, utility, and independent-power-producer investment in large solar and battery-storage assets creates demand for specialized project engineering, procurement, construction, commissioning, operations, maintenance, and asset-repowering capacity.
Key risk
Dependence on renewable project development cycles.

Narrative & Theme

Utility-Scale Renewable Power and Storage Buildout
Part of Utility-Scale Solar and Battery Storage EPC and Lifecycle Services, with strong fit.
SOLV Energy has direct revenue exposure to the construction and servicing of utility-scale solar and battery-storage projects, rather than only indirect exposure to renewable-power demand.
Narrative HeatUnavailable
Theme HeatUnavailable

Business & Markets

Utilities · Utilities - Renewable
What they do

SOLV Energy, Inc. designs, builds, and maintains utility-scale solar and battery storage projects along with related transmission and distribution infrastructure, providing engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering services in the U.S. Power industry.

How it earns

Project-based revenue from infrastructure services and ongoing operations and maintenance contracts.

Products & services
Engineering, procurement, and construction (EPC) services
Operations and maintenance services
Customers & end markets
Project developers
Independent power producers
Utilities
Market position

Niche infrastructure services provider focused on renewable energy projects in the U.S.

Demand drivers
Medium cyclicality

Demand depends on renewable energy project development cycles and utility capital expenditure patterns.