SOLV Energy, Inc. Class A Common Stock (MWH) Stock
SOLV Energy, Inc. Class A Common Stock (MWH) is a Industrials stock trading at $27.26 (as of 2026-07-24), with a market capitalization of $3.14B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Understand SOLV Energy, Inc. Class A Common Stock: how it makes money
SOLV Energy develops, constructs, and manages power-generation assets, generating revenue from generation under contract and from operations and maintenance services under contract.
The profit model is tied to scaling contracted assets that move from megawatts constructed to megawatts under management, which supports ongoing operations and maintenance services under contract (with no embedded revenue opportunity reported at $0.0B).
Revenue by segment (latest quarter)
Revenue
$0.7B
Business quality (Weak): Clear operational levers exist in the disclosures (megawatts under management, assets and services under contract, safety metrics), but the provided data does not include official reportable segment names beyond total revenue, limiting segment-level insight.
Bull case
Asset scale is visible in the operating metrics, with megawatts under management at 22.0 and megawatts constructed to date at 21.0: Progress from construction to managed capacity can support contracted operations and maintenance services over time.
Safety performance is tracked using multiple metrics, including a stated below-industry-average Lost Time Incident Rate of 62 percent: For construction and asset operations, consistent safety can reduce operational disruption risk.
Bear case
The latest quarter shows an operating margin of -1.1 percent: Costs exceeded operating economics in the period, which can limit flexibility if margins do not improve.
Embedded revenue opportunity is reported as $0.0B: This reduces the likelihood of near-term uplift from any additional embedded opportunity, based on the provided figure.
Valuation — source: SEC EDGAR (first-party)
Price
$27.26
Market Cap
$3.14B
Price / Book
3.88
FCF Yield
0.7%
Profitability & Growth — source: SEC EDGAR
Revenue Growth (YoY)
65.9%
FCF Growth (YoY)
-78.2%
Valuation vs Sector & Industry
Sector P/E (Industrials)
28.3
Industry P/E (Construction)
24.6
Company
Sector
Industrials
Industry
Construction
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