SOLV Energy (NASDAQ:MWH) Posts Earnings Results, Beats Expectations By $0.04 EPS

SOLV Energy (NASDAQ:MWH) issued its quarterly earnings data on Thursday. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04, FiscalAI reports. The company had revenue of $951.24 million for the quarter. The business’s quarterly revenue was up 77.4% on a year-over-year basis.

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

MWH traded up $2.64 on Thursday, reaching $32.73. 3,323,696 shares of the stock were exchanged, compared to its average volume of 1,538,847. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50-day moving average is $30.63. SOLV Energy has a fifty-two week low of $23.83 and a fifty-two week high of $48.40.

Institutional Investors Weigh In On SOLV Energy

A hedge fund recently raised its position in SOLV Energy stock. Bank of New York Mellon Corp increased its holdings in SOLV Energy Inc. (NASDAQ:MWH) by 697.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,660 shares of the company’s stock after buying an additional 86,290 shares during the quarter. Bank of New York Mellon Corp owned about 0.08% of SOLV Energy worth $3,359,000 at the end of the most recent reporting period.

More SOLV Energy News

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

• Positive Sentiment: SOLV Energy reported second-quarter adjusted EPS of $0.30, above the $0.26 analyst consensus. Revenue rose 77.4% year over year to approximately $951 million, reflecting strong growth in its power-industry infrastructure business. Solv Energy Q2 Earnings Snapshot
• Positive Sentiment: Management projected fiscal 2026 revenue of $3.9 billion to $4.0 billion, above the roughly $3.8 billion consensus estimate. The guidance suggests continued demand and supports expectations for stronger full-year results. SOLV Energy Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Adjusted EBITDA increased to $117 million from $86 million a year earlier, while adjusted gross profit climbed to $145 million from $113 million. These gains indicate improved earnings capacity despite higher revenue scale. SOLV Energy 2026 Q2 Results Presentation
• Neutral Sentiment: The company’s earnings call and presentation provided additional detail on the quarter and full-year outlook, which investors will assess for evidence that growth can continue through 2026. SOLV Energy Q2 2026 Earnings Call Transcript
• Negative Sentiment: Gross margin declined to 14.7% from 21.1% in the prior-year quarter, and adjusted gross margin fell to 15.2% from 21.1%. Margin pressure could limit the benefit of rapid revenue growth. SOLV Energy Financial Results

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. KeyCorp upped their price target on SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce increased their price objective on SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a report on Monday, April 20th. Zacks Research raised SOLV Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Weiss Ratings assumed coverage on SOLV Energy in a research report on Wednesday, June 3rd. They set a “sell (d)” rating on the stock. 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 issued a Sell rating to the stock. Based on data from MarketBeat, SOLV Energy currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

SOLV Energy Company Profile

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.