Solv Energy: Powering Up

Summary Solv Energy, Inc. is capitalizing on robust data center-driven demand, with an $8.9B backlog and projected 58% FY26 growth. MWH trades at 14.7x FY27E non-GAAP EPS and 10.6x EV/FY26E Adj. EBITDA, with valuation compressed by private equity overhang. Management raised FY26 guidance after strong 2Q26 results, highlighting a shift to higher-margin O&M revenue and expanding EPC backlog. Despite upside limits from P/E overhang and demand uncertainties, MWH offers solid downside protection and is positioned as a covered call opportunity. Looking for a helping hand in the market? Members of The Busted IPO Forum get exclusive ideas and guidance to navigate any climate. Learn More » Dizfoto/iStock via Getty Images Shares of solar energy and battery storage solutions provider Solv Energy, Inc. ( MWH ) have fallen over 40% from their May 2026 peak, even though it is experiencing significant data center tailwinds. The company is expected to grow This article was written by Busted IPO Forum 8.75K Followers Follow The Busted IPO Forum is an investing group led by Bret Jensen, Chief Investment Strategist of Simplified Asset Management. Along with his team of analysts, Bret focuses on stocks that have been public for 18 months to 6 years, and that are significantly under their offering price. The Busted IPO Forum: A model stock portfolio of attractive busted IPOs, trade alerts, deep dive analysis, a weekly option play idea and live chat. Analyst’s Disclosure: I/we have a beneficial long position in the shares of MWH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.