SOLV Energy, Inc. (MWH) Stock Analysis
Utilities · Utilities - Renewable
Sell if holding. Analyst target reached at $41.48 — A.R:R is negative (-1.7) — 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 $41.48 — A.R:R is negative (-1.7) — 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 6/7 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity no date, semi cycle peak clear). Fails on 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 floor-breaker·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $41.48 — A.R:R is negative (-1.7) — 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 $38.51. Score 6.0/10, moderate confidence.
Take-profit target: $40.60 (-1.9% upside). Prior stop was $38.51. Stop-loss: $38.51.
Concentration risk — Customer: top-10 customers (73% of revenues) (73.0%); Analyst target reached - limited upside remaining; Near 52-week high (-2.9% away).
SOLV Energy, Inc. trades at a P/E of 53.1 (forward 26.1). TrendMatrix value score: 5.3/10. 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%).