$26.290
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MWH News
MWH Events
Company Raises FY26 Adjusted EBITDA Outlook to $485M-$505M
Consensus $3.78B. Raises FY26 adjusted EBITDA view to $485M-$505M from $435M-$455M. The company said, "The Company is updating its financial outlook for 2026 reflecting first half results, the anticipated contribution from the Roberson Waite Electric acquisition, the full-year impact of the prospective classification change in certain annual performance based compensation from SG&A to cost of revenue, and the current view of project performance from new construction activity in the second half of 2026."
SOLV Energy Reports Q2 Revenue of $951.24M, Raises Full-Year Guidance
Reports Q2 revenue $951.24M, consensus $718.7M. "SOLV delivered record financial results through the first half of 2026, driven by strong execution across the business and continued demand from customers who rely on us to build, maintain, and enhance critical energy infrastructure," said George Hershman, Chief Executive Officer of SOLV Energy. "The addition of Roberson Waite Electric further strengthens our platform and expands the solutions we can provide to our customers. With a growing backlog, strong momentum across our operations, and continued focus on execution, we are well positioned for the remainder of the year and are raising our full-year financial guidance."
Deal Size Increased to 15M Shares, Priced Below $36.71
The deal size was increased to 15M shares from 14M and priced below last closing price of $36.71. Jefferies and JPMorgan are acting as joint book running managers for the offering.
Market Optimism Drives Crude Oil Prices Lower
Markets reopened following the holiday weekend with renewed optimism that negotiators in the U.S.-Iran war are making progress, sending Crude Oil prices and Treasury yields lower and broader indices higher. Basic Materials and Industrials were the best performing sectors in the S&P 500, while Energy was the worst as WTI Crude Oil fell over 3% below $94 per barrel. Demand for AI-capex-linked Tech names also remained strong as the bid in memory stocks remained unrelenting - Micronjoined the trillion-dollar-market-cap club with a 20% jump, followed by On Semi, Teradyne, and Western Digital, whose shares were up 8%-9%.In the opening hour of the evening session, index futures are little changed. S&P 500 is just shy of 7,540, Nasaq 100 is above 30,000 and Dow Industrials - the lone index to finish Tuesday in the red due to declines in all of its Healthcare components - is just above 50,550.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Semtechup 7.0%Oomaup 2.4%Modine Manufacturingup 1.7%DOWN AFTER EARNINGS -Zscalerdown 19.4%Transcatdown 3.0%Box, Inc.down 1.7%ALSO LOWER -Verra Mobilitydown 42.7% after termination of agreement notice from Avis BudgetSOLV Energydown 7.8% after equity offeringGlobalFoundriesdown 6.6% after block saleInsuletdown 6.2% after initiating voluntary medical device correction for certain Omnipod lotsFirefly Aerospacedown 5.3% after equity offeringForgent Power Solutionsdown 4.7% after equity offering
Solv Energy Launches Public Offering of 14 Million Shares of Class A Common Stock
Solv Energy announced that it has launched a public offering of its Class A common stock. The offering consists of 14M shares of Class A common stock of the company, including 7,185,181 shares being offered by affiliates of American Securities and 6,814,819 shares being offered by the company. The company will not receive any of the proceeds from the sale of shares of Class A common stock by the Selling Stockholders. Jefferies and J.P. Morgan are acting as joint lead book-running managers for the proposed offering.
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