Stock Track | SOLV Energy Soars 6% in Pre-Market on Strong Q1 Results and Raised Guidance

Stock Track
May 12

SOLV Energy, Inc. (NASDAQ: MWH) saw its shares surge 6.00% in pre-market trading on Tuesday, following the release of its first-quarter 2026 financial results.

The company reported quarterly revenue of $677 million, a significant 66% increase year-over-year, which exceeded analyst estimates. Adjusted EBITDA climbed to $93 million, representing a 174% surge from the prior year. SOLV Energy also highlighted a robust total backlog of $8.2 billion and announced the acquisition of Roberson Waite Electric for $45 million to expand its utility services capabilities.

Investors reacted positively to the company's raised full-year 2026 guidance, which now calls for revenue between $3.72 billion and $3.82 billion and adjusted EBITDA in the range of $435 million to $455 million, signaling strong confidence in continued momentum.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10