Solv Energy: Powering Up
Solv Energy reported strong 2Q26 results and raised its FY26 guidance, its performance supported by robust data center-driven demand reflected in an $8.9B backlog and a projected 58% FY26 growth. The company also highlighted a shift toward higher-margin operations and maintenance revenue and an expanding EPC backlog.
Why it matters — MWH watchers would note the raised guidance, growing backlog, and shift to higher-margin revenue, even as the shares trade at compressed valuations amid private equity overhang.