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MWH on Nasdaq

SOLV Energy, Inc.

American heavy construction than bldg const - contractors company1

In its 2026 annual report the company says: “We provide a comprehensive suite of services for both new construction and existing infrastructure.”4 It is headquartered in San Diego, California.1 Its shares trade on Nasdaq under the symbol MWH.1

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Last updated Oct 21, 2026.

Overview

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  • TickerMWH on Nasdaq1
  • IndustryHeavy Construction Other Than Bldg Const - Contractors1
  • HeadquartersSan Diego, California1
  • Incorporated inDE2
  • Business address16680 West Bernardo Drive, San Diego, Ca 921272
  • Filer categoryNon-accelerated filer2

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Shorter construction timelines and equipment lead times compared to other forms of generation.4 From its latest annual report

Corporate structure

SOLV Energy, Inc. sits at the top of its group. 49 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SOLV Energy, Inc.

  • AMERICAN SECURITIES LLC Filed SCHEDULE 13G/A on SOLV Energy, Inc., latest Aug 11, 2026 (2 filings since May 7, 2026)
  • SOLV Energy, Inc. San Diego, California
    • Abrams Solar, LLC Subsidiary · Delaware, United States
    • Block Plant Solar, LLC Subsidiary · Delaware, United States
    • Blue Line Solar, LLC Subsidiary · Delaware, United States
    • Budbreak Solar, LLC Subsidiary · Delaware, United States
    • Budbreak Storage, LLC Subsidiary · Delaware, United States
    • Clean Peak Solar LLC Subsidiary · Delaware, United States
    • Clean Peak, LLC Subsidiary · Delaware, United States
    • CS Electric LLC Subsidiary · New York, United States
    • CS Energy DevCo LLC Subsidiary · Delaware, United States
    • CS Energy LLC Subsidiary · Delaware, United States
    • CS Grass River Solar, LLC Subsidiary · Delaware, United States
    • Fairfield Jaguars Solar, LLC Subsidiary · New Jersey, United States
    • Farro Solar, LLC Subsidiary · Delaware, United States
    • Franklin Energy, LLC Subsidiary · Delaware, United States
    • Godfrey Solar 1, LLC Subsidiary · Delaware, United States
    • Godfrey Solar 2, LLC Subsidiary · Delaware, United States
    • Grace Solar, LLC Subsidiary · Delaware, United States
    • Granada Solar, LLC Subsidiary · Delaware, United States
    • Hathaway Solar, LLC Subsidiary · Delaware, United States
    • Hosmer Solar, LLC Subsidiary · Delaware, United States
    • Larcona Solar, LLC Subsidiary · Delaware, United States
    • Maugridge Solar, LLC Subsidiary · Delaware, United States
    • Mitchell Energy Facility, LLC Subsidiary · Delaware, United States
    • Mojave Sand Solar, LLC Subsidiary · New Jersey, United States
    • Mustang Solar, LLC Subsidiary · Delaware, United States
    • and 23 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SOLV Energy, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

Our corporate headquarters are located in San Diego, CA. We currently operate out of 15 regional locations including our San Diego office, all of which are leased. Our OCC is located in our San Diego headquarters and is staffed 24-7 and complies with all NERC CIP standards. We are currently implementing a back-up control center in our Bend, OR facility that can be operated remotely. We believe that our existing facilities are adequate for our current requirements and that comparable or alternative space is readily available to accommodate our operations.

Item 2 of the 10-K filed Mar 25, 2026.4

Leadership

Who has led SOLV Energy, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. George William Hershman2026–now

Chief financial officer

  1. Chad Plotkin2026–now

Chief operating officer

  1. Kevin J. Deters2026–now
Board members and other officers (15)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Abrams Solar, LLC Delaware3
  • Block Plant Solar, LLC Delaware3
  • Blue Line Solar, LLC Delaware3
  • Budbreak Solar, LLC Delaware3
  • Budbreak Storage, LLC Delaware3
  • CS Electric LLC New York3
  • CS Energy DevCo LLC Delaware3
  • CS Energy LLC Delaware3
  • CS Grass River Solar, LLC Delaware3
  • Clean Peak Solar LLC Delaware3
  • Clean Peak, LLC Delaware3
  • Fairfield Jaguars Solar, LLC New Jersey3
  • Farro Solar, LLC Delaware3
  • Franklin Energy, LLC Delaware3
  • Godfrey Solar 1, LLC Delaware3
  • Godfrey Solar 2, LLC Delaware3
  • Grace Solar, LLC Delaware3
  • Granada Solar, LLC Delaware3
  • Hathaway Solar, LLC Delaware3
  • Hosmer Solar, LLC Delaware3
  • Larcona Solar, LLC Delaware3
  • Maugridge Solar, LLC Delaware3
  • Mitchell Energy Facility, LLC Delaware3
  • Mojave Sand Solar, LLC New Jersey3
All 51 listed subsidiaries
  • Mustang Solar, LLC Delaware3
  • Rocktown Solar, LLC Delaware3
  • SEHV Solutions, LLC Delaware3
  • SOLV Drilling Industrial Services, LLC California3
  • SOLV Energy Acquisition LLC Delaware3
  • SOLV Energy Acquisition, Inc. Delaware3
  • SOLV Energy Holdings LLC Delaware3
  • SOLV Energy Intermediate Holdings LLC Delaware3
  • SOLV Energy Parent LLC Delaware3
  • SOLV Energy Parent, Inc. Delaware3
  • SOLV Energy, LLC Delaware3
  • SOLV Manager Sub Inc. Delaware3
  • SOLV Sub 2 Inc. Delaware3
  • SOLV Sub 3 Inc. Delaware3
  • Sahara Sand Solar, LLC Delaware3
  • Somerville Pioneer Solar II, LLC Delaware3
  • Somerville Pioneer Solar, LLC Delaware3
  • Spartan Infrastructure, Inc. Nevada3
  • Stern Solar, LLC Delaware3
  • Stoner Trail Storage, LLC Delaware3
  • WP Wolverines Solar 1, LLC Delaware3
  • WP Wolverines Solar 2, LLC Delaware3
  • WSH Land Holdings, LLC Delaware3
  • Webb Solar, LLC Delaware3
  • White Spruce Holdings LLC Delaware3
  • White Spruce Holdings Licenses LLC Delaware3
  • Wild Rose Solar, LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 13, 20268-K Results of operations24
  2. May 12, 20268-K Results of operations; Executive or director change25
  3. Mar 19, 20268-K Results of operations26
  4. Feb 12, 20268-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights27
  5. Feb 11, 2026New chief executive George William Hershman becomes CEO7

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/202628

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results24
  2. May 12, 2026Reported quarterly or annual results25
  3. Mar 19, 2026Reported quarterly or annual results26

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

110 filings to the SEC since October 2021: 2 annual reports, 2 quarterly reports, 4 major events, 76 insider forms, 2 large holders, 24 other. The latest 20:

  1. Aug 28, 20264 EDGAR
  2. Aug 28, 20264 EDGAR
  3. Aug 28, 20264 EDGAR
  4. Aug 28, 20264 EDGAR
  5. Aug 28, 20264 EDGAR
  6. Aug 28, 20264 EDGAR
  7. Aug 21, 20264 EDGAR
  8. Aug 21, 20264 EDGAR
  9. Aug 21, 20264 EDGAR
  10. Aug 21, 20264 EDGAR
  11. Aug 21, 20264 EDGAR
  12. Aug 21, 20264 EDGAR
  13. Aug 21, 20264 EDGAR
  14. Aug 21, 20264 EDGAR
  15. Aug 21, 20264 EDGAR
  16. Aug 21, 20264 EDGAR
  17. Aug 21, 20264 EDGAR
  18. Aug 21, 20264 EDGAR
  19. Aug 19, 2026144 EDGAR
  20. Aug 19, 2026144 EDGAR

The 110 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

7 open-market trades by officers, directors and large owners since October 2021: 0 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026SOLV Energy Management Holdings LP10% ownerSale1,329,803Form 4
Aug 19, 2026AMERICAN SECURITIES LLC10% ownerSale7,939,153Form 4
Aug 19, 2026ASP VIII SOLV Holdings LP10% ownerSale7,939,153Form 4
Jun 4, 2026AMERICAN SECURITIES LLC10% ownerSale1,154,760Form 4
Jun 4, 2026ASP Endeavor Investco LP10% ownerSale1,154,760Form 4
Jun 1, 2026AMERICAN SECURITIES LLC10% ownerSale7,698,410Form 4
Jun 1, 2026AMERICAN SECURITIES LLC10% ownerSale7,698,410Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
American Securities LLC82,920,401$2.8B75.2%−8,853,170
BlackRock, Inc.2,772,967$94.4M0.0%+2,126,024
Robeco Schweiz AG2,641,405$89.9M1.4%+1,636,501
Driehaus Capital Management LLC2,378,054$81.0M0.5%+1,107,548
Fred Alger Management, LLC2,272,871$77.4M0.3%New
Vanguard Capital Management LLC1,617,598$55.1M0.0%+650,258
Vanguard Portfolio Management LLC1,520,337$51.8M0.0%+685,454
Balyasny Asset Management L.P.1,472,078$50.1M0.1%+874,927
Jennison Associates LLC1,168,757$39.8M0.0%+303,934
Two Sigma Investments, LP1,035,722$35.3M0.0%+780,778
BNP PARIBAS ASSET MANAGEMENT Holding S.A.996,354$33.9M0.0%+616,380
Jpmorgan Chase & Co923,813$32.7M0.0%New
Aventail Capital Group, LP853,960$29.1M1.7%+360,980
Scopus Asset Management, L.P.801,011$27.3M0.6%+261,966
UBS Group AG767,550$26.1M0.0%+482,693
Yaupon Capital Management LP750,000$25.5M0.9%+25,000
Electron Capital Partners, LLC749,386$25.5M1.0%+28,088
Geode Capital Management, LLC737,119$25.1M0.0%+412,486
Franklin Resources Inc715,343$24.4M0.0%+133,830
Millennium Management LLC695,527$23.7M0.0%−392,756
TimesSquare Capital Management, LLC654,248$22.3M0.3%+233
Point72 Asset Management, L.P.590,476$20.1M0.0%−1,385,715
Wealth High Governance Asset Management Ltda.579,148$19.7M2.1%New
Deutsche Bank Ag\577,183$19.7M0.0%−179,207
Federated Hermes, Inc.574,500$19.6M0.0%+156,200

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How SOLV Energy, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSOLV Energy, Inc.1
  • CIK0002065636
  • Filer statusNon-accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1600 Heavy Construction Other Than Bldg Const - Contractors1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address16680 West Bernardo Drive, San Diego, CA 921271
  • Phone85825148881
  • On EDGAR sinceMay 9, 20251
  • Filings110 in all: 4 (54), 3 (22), 144 (4), 8-K (4), DRS/A (3), 10-Q (2), 424B4 (2), CORRESP (2)1
    All 21 form types

    DRS (2), EFFECT (2), S-1 (2), S-1/A (2), 10-K (1), 10-K/A (1), 8-A12B (1), CERT (1), S-1MEF (1), S-8 (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Aug 13, 2026

Risk factors and legal proceedings

The risks SOLV Energy, Inc. names in Item 1A of its 10-K filed Mar 25, 2026: 67 risks under these headings, as written.4

  • Risks Related to Our Business
  • A wide range of factors, many that are beyond our control, can impact the timing, performance or profitability of our projects, any of which can result in additional costs to us, reductions or delays in revenues, the payment of liquidated damages by us or project termination.
  • Our results of operations, financial condition and other financial and operational disclosures are based upon estimates and assumptions that may differ from actual results or future outcomes.
  • Changes in estimates related to revenues and costs associated with our contracts with customers could result in a reduction or elimination of revenues, a reduction of profits or the recognition of losses.
  • Backlog may not be realized or may not result in profits and may not accurately represent future revenue.
  • The imposition of additional duties and tariffs and other trade barriers and retaliatory countermeasures implemented by the U.S. and other governments could have a material adverse effect on our business, financial condition and results of operations.
  • Our results of operations may vary significantly from quarter to quarter.
  • The reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy and battery storage specifically could have a material adverse effect on our business, financial condition and results of operations.
  • Limitations on the availability or an increase in the price of materials, equipment and subcontractors that we and our customers depend on to complete and maintain projects could have a material adverse effect on our business, financial condition and results of operations.
  • Our business is labor-intensive, and we may be unable to attract and retain qualified employees or we may incur significant costs in the event we are unable to efficiently manage our workforce or the cost of labor increases.
  • The loss of, or reduction in business from, certain significant customers could have a material adverse effect on our business, financial condition and results of operations.
  • Many of our contracts may be canceled or suspended on short notice or may not be renewed upon completion or expiration, and we may be unsuccessful in replacing our contracts, which could have a material adverse effect on our business, financial condition and results of operations.
The other 56 risks
  • We may fail to adequately recover on contract modifications against project owners for payment or performance, which could have a material adverse effect on our business, financial condition and results of operations.
  • The nature of our business exposes us to potential liability for warranty, engineering and other related claims.
  • During the ordinary course of our business, we are subject to lawsuits, claims and other legal proceedings, as well as bonding claims and related reimbursement requirements.
  • We can incur liabilities or suffer negative financial or reputational impacts relating to health and safety matters.
  • Disruptions to our information technology systems or our failure to adequately protect critical data, sensitive information and technology systems could have a material adverse effect on our business, financial condition and results of operations.
  • Any deterioration in the quality or reputation of our brands, which can be exacerbated by the effect of social media or significant media coverage, could have a material adverse effect on our business, financial condition and results of operations.
  • The loss of, or our inability to attract or keep, key personnel could disrupt our business.
  • Our inability to successfully execute our acquisition strategy may have an adverse impact on our growth.
  • We may be unable to compete for projects if we are not able to obtain surety bonds, letters of credit or bank guarantees.
  • We are generally paid in arrears for our services and may enter into other arrangements with certain of our customers, which could subject us to potential credit or investment risk and the risk of client defaults.
  • Insurance and claims expenses, as well as the unavailability or cancelation of third-party insurance coverage, could have a material adverse effect on our business, financial condition and results of operations.
  • Our business and results of operations are subject to physical risks including those associated with climate change.
  • Increasing scrutiny and changing expectations from various stakeholders with respect to corporate sustainability practices may impose additional costs on us or expose us to reputational or other risks.
  • Our unionized workforce and related obligations may have a material adverse effect on our business, financial condition and results of operations.
  • Our inability to maintain, protect or enforce our rights in intellectual property could adversely affect our business.
  • We may be subject to intellectual property rights claims by third parties, which are extremely costly to defend, could require us to pay significant damages and could limit our ability to use certain technologies.
  • We use AI technologies in our business, and the deployment, use and maintenance of these technologies involve significant technological and legal risks.
  • Risks Related to Our Industry
  • Negative macroeconomic conditions and industry-specific market conditions can have a material adverse effect on our business, financial condition and results of operations.
  • Projects in our industry can have long sales cycles requiring significant upfront investment of resources which, if they do not result in a project, could adversely affect our business, financial condition and results of operations.
  • Our revenues and profitability can be negatively impacted if our customers encounter financial difficulties or file bankruptcy or disputes arise with our customers.
  • Our business is highly competitive, and competitive pressures could negatively affect our business.
  • Technological advancements in other forms of power generation could negatively affect our business.
  • Risks Related to Regulation and Compliance
  • Regulatory requirements applicable to our industry and changes in current and potential legislative and regulatory initiatives may adversely affect demand for our services.
  • The unavailability, reduction or elimination of government and economic incentives could have a material adverse effect on our business, financial condition and results of operations.
  • We are subject to complex federal, state and other environmental, health and safety laws and regulations that could adversely affect the cost, manner or feasibility of conducting our operations or expose us to significant liabilities.
  • Certain regulatory requirements applicable to us could have a material adverse effect on our business, financial condition and results of operations.
  • Any actual or perceived failure to comply with new or existing laws, regulations or other requirements relating to the privacy, security and processing of personal information could have a material adverse effect on our business, financial condition and results of operations.
  • Changes in tax laws or our tax estimates or positions could have a material adverse effect on our business, financial condition and results of operations.
  • We could be adversely affected by our failure to comply with anti-corruption, anti-bribery and/or international trade laws to which we are subject.
  • Violations of export control and/or economic sanctions laws and regulations to which we are subject and changes to U.S. foreign trade policy could have a material adverse effect on our business, financial condition and results of operations, and we cannot predict the impact to our business or the future development of such laws and regulations.
  • Immigration laws, including our inability to verify employment eligibility, could have a material adverse effect on our business, financial condition and results of operations.
  • Risks Related to Our Indebtedness
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • Our failure to comply with the covenants contained in the credit agreement governing the New Revolving Credit Facility, including as a result of events beyond our control, could result in an event of default that could cause repayment of our debt to be accelerated.
  • We may incur substantial additional indebtedness in the future and may not be able to generate sufficient cash to service such indebtedness, and may be forced to take other actions to satisfy our obligations under such indebtedness, which may not be successful.
  • Risks Related to Our Organizational Structure
  • Our principal asset is our direct or indirect interest in SOLV Energy Holdings LLC and, as a result, we depend on distributions from SOLV Energy Holdings LLC to pay our taxes and expenses, including payments under the Tax Receivable Agreement. SOLV Energy Holdings LLC’s ability to make such distributions may be subject to various limitations and restrictions.
  • SOLV Energy Holdings LLC may make distributions of cash to us in excess of the amounts we use to make distributions to our stockholders and pay our expenses (including our taxes and payments under the Tax Receivable Agreement). To the extent we do not distribute such excess cash to our stockholders, the direct or indirect members in SOLV Energy Holdings LLC may benefit from any value attributable to such cash if they acquire shares of Class A common stock in exchange for their LLC Interests.
  • The Tax Receivable Agreement with the TRA Participants requires us to make cash payments to them in respect of certain tax benefits to which we may become entitled, and we expect that such payments will be substantial.
  • Our organizational structure, including the Tax Receivable Agreement, confers certain benefits upon the TRA Participants that will not benefit holders of our Class A common stock to the same extent that it will benefit the TRA Participants.
  • In certain cases, payments under the Tax Receivable Agreement to the TRA Participants may be accelerated or significantly exceed any actual benefits we realize in respect of the tax attributes subject to the Tax Receivable Agreement.
  • We will not be reimbursed for any payments made to the TRA Participants under the Tax Receivable Agreement in the event that any tax benefits are disallowed.
  • Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our results of operations and financial condition.
  • If SOLV Energy Holdings LLC were to become a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes, we and SOLV Energy Holdings LLC might be subject to potentially significant tax inefficiencies.
  • If we were deemed to be an investment company under the Investment Company Act of 1940, as amended, or the 1940 Act, including as a result of our ownership of SOLV Energy Holdings LLC, applicable restrictions could make it impractical for us to continue our business as contemplated and could have a material adverse effect on our business, financial condition and results of operations.
  • Risks Related to the Ownership of Our Class A Common Stock
  • Our Sponsor has significant influence over us.
  • Our management has not previously managed a public company in their current roles.
  • We qualify as a “controlled company,” as defined in Nasdaq listing rules, and, as a result, we qualify for, and may rely on, exemptions from certain corporate governance requirements. Our stockholders may not have the same protections afforded to stockholders of companies that are subject to such requirements. In addition, our Sponsor’s interests may conflict with our interests and the interests of other stockholders.
  • Delaware law and anti-takeover provisions in our governing documents, as well as our existing and future debt agreements, could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current directors and may deprive our investors of the opportunity to receive a premium for their shares.
  • We do not intend to pay any cash distributions or dividends on our Class A common stock in the foreseeable future.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware and the federal district courts of the United States as the sole and exclusive forums for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or other employees.
  • Claims for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.
  • We have identified material weaknesses in our internal control over financial reporting, which could result in us failing to detect material misstatements of our consolidated financial statements. If our remediation of the material weaknesses is not effective, or if we otherwise fail to maintain effective internal control over financial reporting in the future, we may not be able to accurately or timely report our financial condition or results of operations, which, in turn, could negatively impact the market value of our Class A common stock.
  • If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.
  • Being a public company increases our compliance costs significantly and requires the expansion and enhancement of a variety of financial and management control systems and infrastructure and the hiring of significant additional qualified personnel.
  • The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members and officers, which may divert from our business operations.
  • Future sales, or the perception of future sales, by us or our existing stockholders in the public market could cause the market price for our Class A common stock to decline.
  • Our stock price may decline or may be subject to significant volatility.

Legal proceedings

From time to time, we may be subject to various claims, lawsuits and other legal and administrative proceedings that may arise in the ordinary course of business. Some of these claims, lawsuits and other proceedings may range in complexity and result in substantial uncertainty; it is possible that they may result in damages, fines, penalties, non-monetary sanctions or relief. We are not currently a party to any actions the outcome of which would, individually or in the aggregate, have a material adverse effect on our business, financial condition or results of operations if determined adversely to us.

The opening of Item 3, Legal Proceedings.4

Sources

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