SOLV Energy, Inc. (Ticker: MWH US) is a United States-based company specializing in infrastructure services for the power industry, particularly utility-scale solar and battery storage projects. SOLV Energy plans to list on the NASDAQ on February 11, 2026, offering 20.5 million shares of Class A common stock at a pricing range of $22.00 to $25.00. The IPO is expected to raise approximately $512.5 million, with the company commanding a valuation of approximately $5 billion at the top end of the range.

The company reportedly plans to use the IPO proceeds primarily to repay roughly $402 million in term loans, with the remaining funds allocated toward general corporate purposes, including growth initiatives and potential acquisitions. Founded in 2008 as Swinerton Renewable Energy, the business originally operated as a division of Swinerton Builders before being acquired and rebranded by private equity firm American Securities in 2021. American Securities is expected to remain a majority shareholder following the offering. Jefferies and J.P. Morgan are serving as the lead book-running managers for the transaction, which consists entirely of primary shares.