SOLV Energy

SOLV Energy (Ticker: MWH US) provides infrastructure services for utility-scale solar and battery storage projects. Founded in 2008 as Swinerton Renewable Energy, the business originally operated as a division of Swinerton Builders. American Securities acquired and rebranded the business in 2021 and is expected to remain its majority shareholder after the offering. The offering consists entirely of newly issued shares.

The scheduled listing date on Nasdaq was February 11, 2026. The proposed offering comprises 20,500,000 shares at an indicative price range of $22.00–25.00 per share. At the indicative range midpoint, the base offering would represent $481.75 million in gross proceeds, excluding any unexercised over-allotment.

Jefferies and J.P. Morgan are the lead book-running managers.