MWH
Fallen FavouriteAI neutralSOLV Energy, Inc. · Utilities · United States · $4.3B cap · $44.4M/day traded
$27.42 +0.1% · close 10 Nov · scored 11 Nov
Fallen Favourite: A good business, still expensive, and its momentum is weak.
Results expected 12 Nov. Analysts raised next year's EPS estimate 4.1% over 13 weeks.
As of 11 Nov 2026, the MoatMap Score for SOLV Energy, Inc. (MWH) is 57/100, ranked against 25,000+ stocks in 38 markets (Quality 86, Value 33, Momentum 34, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
SOLV Energy builds and services utility-scale solar, battery storage and substation projects in the US. It reported record revenue and a surging backlog in its second quarter, and rising power demand from data centres supports continued grid and generation spending. Against that, insiders sold shares equal to about 13.9% of the listed float over the past 90 days, which looks like large holders reducing their stakes and creates a supply overhang. It is a project contractor with fixed-price execution risk rather than an asset-light compounder, and its value score is low.
ABOUT SOLV ENERGY, INC.
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SOLV Energy, Inc. is a leading utility-scale solar engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services provider in North America. The company benefits from extensive experience, specialized expertise, and a proven track record in delivering complex utility-scale solar projects, which creates high barriers to entry for competitors. SOLV Energy is a key enabler of the renewable energy transition, playing a critical role in the deployment and long-term performance of solar infrastructure in the U.S.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.3B | 2.1B | 1.8B | 2.5B | 2.4% | 3.2B | 3.9B | 4.5B | 35.0% |
| EPS | -1.08 | -0.98 | 0.09 | 0.75 | 746.5% | 0.47 | 1.27 | 1.69 | 50.4% |
| Shares | — | 199.4M | 199.4M | 199.4M | 0.0% | — | — | — | — |
| Debt | — | 436.2M | 422.4M | 471.9M | 4.0% | 83.6M | — | — | — |
| Equity | — | 388.3M | 390.9M | 452.2M | 7.9% | — | — | — | — |
| Op CF | 83.9M | 50.3M | 117.6M | 331.6M | 58.1% | 326.8M | — | — | — |
| Inv CF | -28.1M | -13.9M | -8.3M | -76.7M | — | — | — | — | — |
| Fin CF | 13.1M | -34.9M | -79.4M | -68.0M | — | — | — | — | — |
Not enough steady price history for a read yet.
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of MWH are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| MWH | SOLV Energy, Inc.(you) | $4.3B | 57 |
| CWEN | Clearway Energy, Inc. | $7.7B | 33 |
| BEPC.TO | Brookfield Renewable Corporation | $5.4B | 22 |
| ORA | Ormat Technologies, Inc. | $5.4B | 8 |
| FRVO | Fervo Energy Company | $2.4B | 7 |
| FLNC | Fluence Energy, Inc. | $1.1B | 5 |
| NRGV | Energy Vault Holdings, Inc. | $464M | 10 |
| OGS | ONE Gas, Inc. | $4.9B | 57 |
| NWE | NorthWestern Energy Group, Inc. | $4.8B | 55 |
| AWR | American States Water Company | $3.4B | 60 |
Peer medians: ROE 9.1% · P/E 20.5x · Gross margin 45.7%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.