SOLV Energy
Builds and maintains utility-scale solar, storage and grid infrastructure.
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Profile
Builds utility-scale solar, battery-storage, high-voltage and transmission infrastructure, then earns long-term service revenue through operations, maintenance, monitoring and upgrades. Revenue is dominated by fixed-price new construction, tying results to project awards, execution and customers' ability to finance development.
Designs, procures and builds utility-scale solar, battery-storage, high-voltage and transmission infrastructure for developers, independent power producers and utilities across the United States. Work spans engineering, civil, mechanical and electrical construction, testing, commissioning and substation interconnections. Long-term operations, maintenance, remote monitoring, controls, upgrades and repowering extend the role after a plant enters service.
Connects construction experience with data gathered from its control center and field work to inform equipment selection, designs and delivery. Revenue is primarily tied to new, fixed-price construction awards, while long-term O&M adds recurring service work. Customer project financing, permits, renewable-policy conditions, equipment availability, labor, bonding and project execution shape the operating model.
Company facts
Key statistics
Year to date −15.0% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Aug 14, 2026 | CIBC | Reiterate | Outperform | $42 |
| Aug 14, 2026 | Robert W. Baird | Target | $42 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | $0.24 | $0.30 | +25.5% | $723.1M | $951.0M | +31.5% | +8.77% |
| May 12, 2026Q1 FY26 | $0.16 | −$0.20 | −228.7% | $623.5M | $676.8M | +8.5% | +2.03% |
| Mar 19, 2026 | $0.29 | $0.18 | −38.6% | $792.2M | $793.6M | +0.2% | −2.53% |
| Dec 3, 2025 | — | $0.40 | — | — | $757.8M | — | — |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $676.8M | $951.2M | |
| Gross profit | — | — | — | — | $104.2M | $121.4M | |
| Operating income | — | — | — | — | −$7.2M | $69.7M | |
| Net income | — | — | — | — | −$23.4M | $37.0M | |
| Diluted EPS | — | — | — | — | −$0.12 | $0.18 | |
| Gross margin | — | — | — | — | 15.4% | 12.8% | |
| Operating margin | — | — | — | — | -1.1% | 7.3% |
Balance sheet, Jun 30, 2026Cash & short-term investments $364.0M · Total debt $83.6M · Total assets $2.13B · Shareholders' equity $496.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 122.65M · Float 122.65M · 100.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Robeco Schweiz AG | 1.00M | 0.82% | 13F | May 7, 2026 |
| Vanguard Capital Management LLC | 967.3K | 0.79% | 13F | May 15, 2026 |
| Vanguard Portfolio Management LLC | 834.9K | 0.68% | 13F | May 8, 2026 |
| Electron Capital Partners, LLC | 721.3K | 0.59% | 13F | May 15, 2026 |
| Covalis Capital LLP | 697.1K | 0.57% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- MasTec
Utility-scale solar, storage and grid EPC at national scale.
- Primoris Services
Utility-scale solar EPC, battery storage and power delivery.
- Quanta Services
Renewable EPC, O&M and high-voltage infrastructure at scale.
- MYR Group
Substation and T&D construction for renewable interconnections.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SOLV Energy | $26.29 | +0.04% | $3.22B | 108.3 | 15.2 | 1.3 | — |
| MasTec | $244.44 | +1.48% | $19.35B | 38.4 | 21.8 | 1.2 | +23.4% |
| Primoris Services | $73.53 | +0.53% | $3.97B | 28.8 | 18.5 | 0.5 | −10.7% |
| Quanta Services | $603.00 | +0.10% | $90.61B | 69.0 | 33.5 | 2.8 | +41.1% |
| MYR Group | $295.84 | +0.52% | $4.58B | 28.0 | 22.9 | 1.1 | +20.2% |
| Median | 33.6 | 22.3 | 1.2 | +21.8% |