SOLV Energy, Inc.

SOLV Energy, Inc. (MWH) priced its initial public offering on Feb 11, 2026 at $25.00 per share, raising $512.5M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $4.99B. Jefferies was lead-left underwriter, joined by J.P. Morgan, KeyBanc and TD Cowen and others. Weil, Gotshal & Manges advised the company and Latham & Watkins advised the underwriters.

SOLV Energy, Inc. provides infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance and repowering. It specializes in utility-scale solar and battery storage projects for developers, independent power producers and utilities.

Status

IPO

Ticker

MWH

Exchange

Nasdaq Global Select

Priced

Feb 11, 2026

IPO price

$25.00

Raised

$512.5M

Market cap at IPO price

$4.99B

First filed

Jan 16, 2026

Underwriters

Jefferies, J.P. Morgan, KeyBanc, TD Cowen, UBS, Baird, Evercore ISI, Guggenheim, Wolfe Research, Nomura, CIBC and Roth Capital

Company counsel

Weil, Gotshal & Manges

Underwriters' counsel

Latham & Watkins

Sector

Other

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.