SOLV Energy (NASDAQ:MWH) Announces Earnings Results, Beats Estimates By $0.04 EPS

SOLV Energy (NASDAQ:MWH) released its earnings results on Thursday. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04, FiscalAI reports. The company had revenue of $951.24 million for the quarter. The firm’s revenue was up 77.4% compared to the same quarter last year.

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

• Record first-half performance: Revenue rose 72% year over year to $1.63 billion and adjusted EBITDA increased 75% to $210 million, reflecting strong project execution and backlog conversion.
• SOLV raised its 2026 guidance to revenue of $3.87 billion-$3.97 billion and adjusted EBITDA of $485 million-$505 million, including an expected contribution from the Roberson Waite Electric acquisition.
• Backlog grew 44% year over year to approximately $8.9 billion, with storage-related projects increasing to $2.5 billion; management said the backlog provides strong visibility into 2027 and 2028.
• Management cited strong long-term demand from data centers, electrification, industrial reshoring, solar, storage, and grid infrastructure, while its 23 gigawatts of O&M contracts provide additional life-cycle services opportunities.
• Section 232 tariff implications are still developing, but management reported little near-term impact because most projects have secured modules and are in late-stage development; adjusted gross margin guidance declined to 16%-16.6% due primarily to an accounting reclassification with no EBITDA or cash-flow impact.

SOLV Energy Stock Performance

NASDAQ:MWH traded down $0.73 during mid-day trading on Friday, hitting $32.00. 2,036,635 shares of the company’s stock traded hands, compared to its average volume of 2,090,001. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.07. The business has a 50 day simple moving average of $30.56. SOLV Energy has a 1 year low of $23.83 and a 1 year high of $48.40.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on SOLV Energy from $50.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday. Weiss Ratings assumed coverage on shares of SOLV Energy in a research report on Wednesday, June 3rd. They issued a “sell (d)” rating on the stock. KeyCorp raised their price target on SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Guggenheim lifted their target price on shares of SOLV Energy from $37.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, UBS Group reiterated a “neutral” rating and issued a $50.00 price target (up from $42.00) on shares of SOLV Energy in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.64.

More SOLV Energy News

Here are the key news stories impacting SOLV Energy this week:

• Positive Sentiment: Second-quarter earnings per share were $0.30, exceeding the $0.26 consensus estimate, while revenue surged 77.4% year over year to $951.2 million. Adjusted EBITDA increased to $117 million from $86 million, supported by higher business activity and a growing backlog. SOLV Energy Reports Second Quarter 2026 Financial Results
• Positive Sentiment: SOLV Energy issued fiscal 2026 revenue guidance of $3.9 billion to $4.0 billion, above the approximately $3.8 billion analyst consensus. The outlook reflects continued demand for its power infrastructure services. SOLV Energy Q2 2026 Earnings Call Highlights
• Positive Sentiment: Robert W. Baird maintained an “outperform” rating and sees meaningful potential upside, despite lowering its price target from $50 to $42. The revised target remains well above the current reference price of $32. Benzinga analyst update
• Neutral Sentiment: The earnings call highlighted record revenue and a substantial backlog increase, which may improve future visibility, although investors will likely seek more detail on backlog conversion, project timing, and profitability. SOLV Energy Q2 2026 Earnings Call Transcript
• Negative Sentiment: Gross margin declined to 14.7% from 21.1% a year earlier, while adjusted gross margin fell to 15.2% from 21.1%. The margin compression may be weighing on sentiment despite revenue and EBITDA growth. SOLV Energy financial results
• Negative Sentiment: Baird’s price-target reduction from $50 to $42 signals more cautious valuation assumptions, even though the firm continues to recommend the stock.

Hedge Funds Weigh In On SOLV Energy

A hedge fund recently bought a new stake in SOLV Energy stock. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of SOLV Energy Inc. (NASDAQ:MWH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 538,040 shares of the company’s stock, valued at approximately $18,320,262,000. Neumeier Poma Investment Counsel LLC owned about 0.43% of SOLV Energy at the end of the most recent reporting period.

About SOLV Energy

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.