Solar and battery storage firm’s strong IPO signals renewed momentum in clean energy investments and U.S. public listings.
New York, 12 February 2026 – SOLV Energy made a powerful debut on the New York Stock Exchange this week, with its shares jumping 20 percent on the first day of trading. The solar and battery storage company opened at $30 per share, well above its initial public offering (IPO) price of $25.
The company sold 20.5 million shares, raising $512.5 million and reaching a market valuation of nearly $5.98 billion. The strong debut highlights a clear rebound in IPO activity in 2026, especially within the renewable energy sector.
SOLV Energy provides construction, operation, and maintenance services for large-scale solar power and battery storage projects. Founded in 2008, the company has grown rapidly as demand for clean energy infrastructure continues to rise across the United States.
Improved stock market conditions have helped companies like SOLV move forward with public listings. Strong equity markets, supported by interest rate cuts toward the end of 2025, have made it easier for businesses to attract investors. After a slower period last year due to market volatility, many companies are now taking advantage of better pricing conditions.
SOLV Energy reported a total backlog of about $8 billion as of December 2025. Most of this comes from engineering and construction contracts. This backlog provides the company with strong visibility into its revenue over the next two to three years. According to CEO George Hershman, this provides confidence about the company’s future performance and stability.
The company also plans to use funds from the IPO to reduce debt. SOLV intends to pay off its term loan and aims to operate without debt following the public listing.
Originally part of Swinerton Builders, SOLV’s business was acquired in 2021 by private equity firm American Securities. Since then, the company has expanded its role in utility-scale solar projects and energy storage solutions.
Investment banks Jefferies and J.P. Morgan served as joint lead book-running managers for the offering.
The successful debut comes as investors show renewed interest in renewable energy stocks, solar power companies, battery storage solutions, clean energy infrastructure, and ESG-focused investments. With rising demand for sustainable energy projects, SOLV Energy’s strong market entry reflects growing confidence in the future of the green energy transition and the U.S. IPO market recovery.
