SOLV Energy Announces Launch of Initial Public Offering

Rhea-AI Summary

SOLV Energy (Nasdaq: MWH) launched the roadshow for its initial public offering on Feb 2, 2026, proposing 20,500,000 shares of Class A common stock at an expected price range of $22.00–$25.00 per share.

The company granted underwriters a 30‑day option to buy up to an additional 3,075,000 shares. Jefferies and J.P. Morgan lead the offering; the Form S‑1 was declared effective by the SEC on Jan 30, 2026. The company has applied to list under the ticker MWH.

Positive

• Proposed IPO size of 20,500,000 shares
• Expected price range of $22.00–$25.00 per share
• Form S‑1 declared effective by the SEC on Jan 30, 2026
• Applied to list Class A common stock on Nasdaq under MWH

Negative

• Underwriters granted a 30‑day option for 3,075,000 additional shares (potentially increasing shares by ~15%)

SAN DIEGO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”), a leading provider of infrastructure services to the power industry, today announced that it has launched the roadshow for its initial public offering of 20,500,000 shares of its Class A common stock. The initial public offering price is expected to be between $22.00 and $25.00 per share pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 3,075,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The Company has applied to list its Class A common stock on Nasdaq under the ticker symbol “MWH.”

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

The proposed offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary 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

What IPO size and share count did SOLV Energy (MWH) announce on Feb 2, 2026?

SOLV Energy announced an IPO of 20,500,000 Class A shares with an expected range of $22.00–$25.00 per share. According to the company, underwriters may purchase an additional 3,075,000 shares under a 30‑day option.

What Nasdaq ticker will SOLV Energy use after the IPO (MWH)?

The company applied to list its Class A common stock on Nasdaq under the ticker MWH. According to the company, listing is subject to meeting Nasdaq listing requirements and completion of the proposed offering.

Who are the lead underwriters for SOLV Energy's (MWH) proposed offering?

Jefferies and J.P. Morgan are acting as joint lead book‑running managers for the proposed offering. According to the company, additional bookrunners and co‑managers support syndication and distribution.

Is the SOLV Energy (MWH) offering final and where can investors find the prospectus?

The offering is proposed and not yet a final sale; the registration statement was declared effective on Jan 30, 2026. According to the company, preliminary prospectuses are available on the SEC EDGAR site and from the listed underwriters.

How could the underwriters' option affect SOLV Energy (MWH) shareholders?

The underwriters' 30‑day option could add up to 3,075,000 shares, increasing the offering size by about 15%. According to the company, this option is customary and may dilute holdings if exercised.