SOLV Energy (NASDAQ:MWH) Announces Quarterly Earnings Results

SOLV Energy (NASDAQ:MWH) posted its quarterly earnings data on Thursday. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15, Briefing.com reports. The business’s quarterly revenue was up 80.0% on a year-over-year basis.

Here are the key takeaways from SOLV Energy’s conference call:

• SOLV delivered record 2025 results with $2.49 billion in revenue and $342 million of adjusted EBITDA, and Q4 revenue rose ~80% YoY to $794 million, underscoring strong near-term execution.
• Backlog and scale provide multi-year visibility — backlog exceeded $8 billion (up ~87% YoY) at year-end 2025, is 100% described as safe-harbored, and the company is under contract to manage >20 GW across 150 plants.
• Management initiated ambitious 2026 guidance — revenue of $3.72–$3.82 billion (≈+51% at midpoint) and adjusted EBITDA of $400–$420 million — and boosted financial flexibility after the IPO (≈$553M net proceeds) and a $200M credit facility to fund organic growth and M&A.
• SOLV highlights a differentiated lifecycle model (EPC → long‑term O&M) and strong safety/operational metrics (TRIR 0.48, LTIR 0.19), which it says creates 35‑year annuity-like revenue and an estimated $7.4 billion of long-term service spend embedded in its installed base (only ~$540M currently in backlog).
• Management flagged margin and execution risks — 2026 gross margin guidance (15.6%–16.2%) is below 2025 levels (>18%), citing seasonality, many new project starts, unpredictable large repair work, and ongoing supply‑chain/fuel monitoring that could cause short‑term margin variability.

SOLV Energy Price Performance

NASDAQ:MWH traded down $0.88 during trading hours on Thursday, reaching $29.39. The company’s stock had a trading volume of 392,793 shares, compared to its average volume of 933,085. SOLV Energy has a 12 month low of $26.42 and a 12 month high of $33.00.

Wall Street Analyst Weigh In

MWH has been the subject of several research analyst reports. Robert W. Baird started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set an “outperform” rating and a $36.00 price target for the company. Jefferies Financial Group initiated coverage on SOLV Energy in a report on Monday, March 9th. They set a “buy” rating and a $32.00 price objective on the stock. Roth Mkm started coverage on SOLV Energy in a research report on Monday, March 9th. They set a “buy” rating and a $35.00 target price for the company. KeyCorp initiated coverage on SOLV Energy in a report on Monday, March 9th. They issued an “overweight” rating and a $34.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on SOLV Energy in a research note on Monday, March 9th. They set an “overweight” rating and a $34.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, SOLV Energy currently has a consensus rating of “Buy” and a consensus price target of $35.10.

SOLV Energy Company Profile

SOLV Energy (NASDAQ: MWH) is a renewable energy company that develops, constructs and operates solar and energy storage projects. The firm provides solutions aimed at reducing customers’ reliance on traditional grid power by pairing photovoltaic systems with battery storage where appropriate. SOLV’s activities are centered on delivering commercial-scale and distributed generation projects for business, institutional and public sector clients.

The company’s services encompass multiple phases of project delivery, including site assessment, system design, procurement, engineering and construction, and ongoing operations and maintenance.