SOLV Energy, Inc. (MWH) Stock Analysis
Utilities · Utilities - Renewable
Sell if holding. Analyst target reached at $39.76 — A.R:R is negative (-1.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: top-10 customers (73% of revenues) (73.0%).
SOLV Energy provides EPC and O&M services for utility-scale solar and battery storage projects in the US, ranking second largest solar EPC contractor by 2024 revenues with $8.0 billion in backlog as of December 31, 2025. Revenue comes from lump-sum EPC contracts (93% of backlog)... Read more
Sell if holding. Analyst target reached at $39.76 — A.R:R is negative (-1.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: top-10 customers (73% of revenues) (73.0%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Score 6.0/10, moderate confidence.
Passes 5/7 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity no date, semi cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- HIGHCustomertop-10 customers (73% of revenues)73%10-K Item 1A: 'our 10 largest customers accounted for approximately 73% of our consolidated revenues as of December 31, 2025'
Material Events(8-K, last 90d)
- 2026-02-12Item 1.01MEDIUMSOLV Energy entered IPO-related material definitive agreements effective February 10, 2026: Underwriting Agreement, Tax Receivable Agreement, Registration Rights Agreement, and Amended & Restated SOLV Energy Holdings LLC Agreement.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $39.76 — A.R:R is negative (-1.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: top-10 customers (73% of revenues) (73.0%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Prior stop was $36.97. Score 6.0/10, moderate confidence.
Take-profit target: $39.45 (-0.8% upside). Prior stop was $36.97. Stop-loss: $36.97.
Concentration risk — Customer: top-10 customers (73% of revenues) (73.0%); Analyst target reached - limited upside remaining; Near 52-week high (-0.8% away).
SOLV Energy, Inc. trades at a P/E of 50.0 (forward 24.6). TrendMatrix value score: 5.5/10. Verdict: Sell.
15 analysts cover MWH with a consensus score of 4.3/5. Average price target: $36.
What does SOLV Energy, Inc. do?SOLV Energy provides EPC and O&M services for utility-scale solar and battery storage projects in the US, ranking...
SOLV Energy provides EPC and O&M services for utility-scale solar and battery storage projects in the US, ranking second largest solar EPC contractor by 2024 revenues with $8.0 billion in backlog as of December 31, 2025. Revenue comes from lump-sum EPC contracts (93% of backlog) and long-term O&M agreements (7%).