SOLV Energy, Inc. Class A Common Stock

SOLV Energy Expands High-Voltage Infrastructure Capabilities with Acquisition of ASB Energy Services

SOLV Energy has completed the acquisition of ASB Energy Services, a Texas-based contractor in substation foundations, civil construction, and BESS infrastructure, for approximately $45 million. Consideration comprises $36 million in cash and $9 million in Class A common stock; ASB retains its leadership team and will operate as a SOLV Energy company. The deal expands SOLV's self-perform high-voltage capabilities and Texas footprint, aligning with demand from data centers, energy storage, and grid modernization.

•6d ago

SOLV Energy Reports Second Quarter 2026 Financial Results

SOLV Energy reported Q2 2026 revenue of $951 million, up 77% year-over-year, driven by increased new construction activity and M&A contribution. The company raised its full-year 2026 guidance, projecting revenue of $3.87 billion to $3.97 billion and Adjusted EBITDA of $485 million to $505 million, while total backlog grew 44% to $8.9 billion. SOLV completed the acquisition of Roberson Waite Electric on July 1, 2026, for $40.9 million in cash to expand its utility substation and battery storage capabilities.

•2mo ago

Panamint Capital Breaks Ground on Historic 1.2 GW Solar Project at Texas Energy Site

Panamint Capital has begun construction on the $1.7 billion Big Rooter Power solar project, a 1.2 GWdc installation in Texas that repurposes a former coal mining site. First Solar was selected to manufacture approximately 2 million solar panels for the project's two phases, which are scheduled for completion in 2028 and 2029. SOLV Energy will serve as the EPC contractor while Nextpower provides solar tracker systems, utilizing over 34,000 tons of domestically manufactured steel.

•3mo ago