SOLV Energy Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Rhea-AI Summary

SOLV Energy (Nasdaq: MWH) closed its initial public offering, selling 23,575,000 Class A shares at an IPO price of $25.00 per share, which included the full exercise of the underwriters’ option for 3,075,000 additional shares.

The shares began trading on the Nasdaq Global Select Market on February 11, 2026. Jefferies and J.P. Morgan served as joint lead book‑running managers.

Positive

• Offering size of 23,575,000 shares completed
• Underwriters fully exercised 3,075,000‑share option
• Nasdaq Global Select listing effective February 11, 2026

Negative

• None.

Key Figures

IPO shares offered: 23,575,000 shares Underwriters’ option: 3,075,000 shares IPO price: $25.00 per share +2 more

5 metrics

IPO shares offered 23,575,000 shares Initial public offering Class A common stock

Underwriters’ option 3,075,000 shares Additional shares from full exercise of option

IPO price $25.00 per share Initial public offering price

Form S-1 effective date January 30, 2026 SEC declared registration statement effective

Nasdaq listing date February 11, 2026 Shares began trading under ticker MWH

Market Reality Check

Price: $32.34 Vol: Volume 10,223,698 is roug...

normal vol

$32.34 Last Close

Volume Volume 10,223,698 is roughly in line with 20-day average 10,460,377 (relative volume 0.98). normal

Technical Trading below 200-day MA at 30.67, near the $31 52-week high.

Market Pulse Summary

This announcement confirms the completion of SOLV Energy’s IPO at $25.00 per share for 23,575,000 sh...

Analysis

This announcement confirms the completion of SOLV Energy’s IPO at $25.00 per share for 23,575,000 shares, including the underwriters’ option. The stock lists on the Nasdaq Global Select Market under ticker MWH, with its Form S-1 declared effective on January 30, 2026. Investors may watch how trading stabilizes around the early 52-week range and monitor future filings or updates that could clarify post-IPO strategy and capital deployment.

Key Terms

initial public offering, underwriters’ option, nasdaq global select market, prospectus, +1 more

5 terms

initial public offering financial

"announced the closing of its initial public offering of 23,575,000 shares"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

underwriters’ option financial

"includes the exercise in full by the underwriters of their option to purchase"

An underwriters’ option is a provision in a securities offering that lets the group selling the new shares buy a fixed extra amount (often up to 15%) from the issuer after the sale. It acts like a short-term safety valve: if demand is strong, underwriters exercise the option and supply extra shares; if the price falls, they can use the option to stabilize the market. For investors this matters because it affects how many shares come to market, potential short-term dilution, and post-offering price stability—similar to having a reserve supply to smooth out sudden swings.

nasdaq global select market financial

"The shares began trading on the Nasdaq Global Select Market on February 11, 2026"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

prospectus regulatory

"The offering of these securities was made only by means of a prospectus."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

form s-1 regulatory

"A registration statement on Form S-1 relating to these securities was declared effective"

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

AI-generated analysis. Not financial advice.

SAN DIEGO, Feb. 12, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced the closing of its initial public offering of 23,575,000 shares of its Class A common stock, which includes the exercise in full by the underwriters of their option to purchase 3,075,000 additional shares, at the initial public offering price of $25.00 per share, less underwriting discounts and commissions. All of the shares were offered by the Company.

The shares began trading on the Nasdaq Global Select Market on February 11, 2026 under the ticker symbol “MWH.”

Jefferies and J.P. Morgan acted as joint lead book-running managers for the offering. KeyBanc Capital Markets, TD Cowen, UBS Investment Bank, Baird, Evercore ISI, Guggenheim Securities, Wolfe | Nomura Alliance, CIBC Capital Markets and Roth Capital Partners acted as bookrunners for the offering. Academy Securities acted as co-manager for the offering.

The offering of these securities was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov. Alternatively, copies of the final prospectus may be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, or by telephone at +1 (877) 821-7388, or by email at prospectus_department@jefferies.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.

A registration statement on Form S-1 relating to these securities was declared effective by the SEC on January 30, 2026. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About SOLV

SOLV Energy is a leading provider of infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance and repowering. Since 2008, we have built more than 500 power plants, representing 20 GW of generating capacity. SOLV Energy also provides operations and maintenance (O&M) services to 146 operating power plants, representing over 18 GW of generating capacity. In addition to EPC and O&M for utility-scale power plants and related T&D infrastructure, we offer large-scale repair, emergency response and repowering services and install end-to-end SCADA and network infrastructure solutions to maximize project performance and energy availability.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would” or similar expressions and the negatives of those terms.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on forward-looking statements. These factors include but are not limited to those described under “Risk Factors” in SOLV’s registration statement on Form S-1, as amended, relating to the initial public offering. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. Except as required by law, SOLV assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Investor Contact:

Solebury Strategic Communications / Anthony Rozmus
InvestorRelations@solvenergy.com

Media Contact:

Ashley McCarthy
media@solvenergy.com

FAQ

How many shares did SOLV Energy (MWH) sell in its February 2026 IPO?

SOLV Energy sold 23,575,000 Class A shares in the IPO. According to SOLV Energy, that total includes the full exercise of a 3,075,000 share underwriters’ option at the $25.00 IPO price.

What price per share did SOLV Energy (MWH) set for its IPO on February 11, 2026?

The IPO price was $25.00 per share. According to SOLV Energy, shares were sold at $25.00 each, less underwriting discounts and commissions, as stated in the offering.

When did SOLV Energy (MWH) begin trading on Nasdaq Global Select Market?

SOLV Energy began trading on the Nasdaq Global Select Market on February 11, 2026. According to SOLV Energy, the company’s Class A common stock started trading under the ticker MWH on that date.

Did underwriters exercise the option to buy additional SOLV Energy (MWH) shares?

Yes. The underwriters exercised the option in full to purchase 3,075,000 additional shares. According to SOLV Energy, those shares were included in the total 23,575,000 shares sold.

Who led the SOLV Energy (MWH) IPO underwriting syndicate in February 2026?

Jefferies and J.P. Morgan acted as joint lead book‑running managers. According to SOLV Energy, a group of bookrunners and managers including KeyBanc, TD Cowen, UBS, and others participated.