Feb. 11 at 11:12 PM
$MWH.X
$BE $VRT $FLNC
Initiated Solve Energy (MWH): Ipo today at 25$
Net income (profit):
>For the 12 months ended September 30, 2025, Solv Energy reported net income of about
$114 million on roughly
$1.7 billion of revenue, according to its IPO prospectus disclosures.
>2025 revenue is expected to grow by roughly ~33% year-over-year compared with 2024 revenue from 1.8 billion to 2.5 billion
>Solv’s core customers are utility-scale solar and battery storage developers who hire the company to build large renewable energy plants across the U.S. These include long-term repeat clients such as:
• Clēnera
• Clearway
• Pine Gate Renewables
• Arevon
• Deriva Energy
• DESRI
• Sol Systems
These developers repeatedly contract Solv for engineering, procurement, and construction (EPC) services on utility solar and battery storage projects.
>📈 Project Pipeline and Backlog
Backlog Size
• As of late 2025, Solv Energy reported a backlog of approximately
$6.7–
$8.0 billion in contracted future work, giving the company strong revenue visibility for the next 24–36 months.
