SOLV Energy Inc
MWHUtilities·Utilities - Renewable·USA·Mid·NASD·Nov 11 • 2:50 PM ET
27.81+0.39 (1.42%)
2026-11-11 20:50 CET
Market cap
5,549.59 USD m
Revenue, TTM
951.24 USD m
Net income, TTM
36.97 USD m
Free cash flow, TTM
23.48 USD m
EPS diluted, TTM
0.18
P/E
-
Price
MWH against its 20 and 50-day averages2050beatmissearnings
42.5% under the 52-week high of 48.40 on 12 May 2026. 52-week low 20.30 on 23 Oct 2026. Last 15 sessions, 42.3% high to low
Profile
MWH52-week range, 27% of the way up
20.3048.40
SOLV Energy, Inc. engages in providing infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering. It specialized in designing, building, and maintaining utility-scale solar and battery storage projects. The company was founded in 2008 and is headquartered in San Diego, CA.
| Index | RUI |
|---|---|
| Employees | 2600 |
| IPO | Feb 11, 2026 |
| ATR, 14d | 1.70 |
| Rel volume | 0.82 |
| Short float | 15.99% |
| Insider own | 77.54% |
| Inst own | 24.90% |
Snapshot
6 groupsValuation
| Index | RUI |
|---|---|
| Market Cap | 5.63B |
| Enterprise Value | 5.70B |
| Income | - |
| Sales | - |
| Book/sh | 2.45 |
| Cash/sh | 1.80 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 2600 |
| IPO | Feb 11, 2026 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | 16.47 |
| PEG | 0.48 |
| P/S | - |
| P/B | 11.33 |
| P/C | 15.46 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 1.00 |
| Current Ratio | 1.09 |
| Debt/Eq | 0.17 |
| LT Debt/Eq | 0.12 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | - |
|---|---|
| EPS next Y | 1.69 |
| EPS next Q | 0.58 |
| EPS this Y | 36.56% |
| EPS next Y | 56.69% |
| EPS next 5Y | 34.62% |
| EPS past 3/5Y | - - |
| Sales past 3/5Y | 2.42% - |
| EPS Y/Y TTM | - |
| Sales Y/Y TTM | - |
| EPS Q/Q | 5320.00% |
| Sales Q/Q | 133.24% |
| Earnings | Nov 12 BMO |
| EPS/Sales Surpr. | 25.47% 31.51% |
Ownership
| Insider Own | 77.54% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 24.90% |
| Inst Trans | 9.79% |
| ROA | - |
| ROE | - |
| ROIC | - |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | 14.50% |
| SMA50 | 11.57% |
| SMA200 | -8.36% |
| Trades | - |
Technical
| Shs Outstand | 123.75M |
|---|---|
| Shs Float | 45.47M |
| Short Float | 15.99% |
| Short Ratio | 4.44 |
| Short Interest | 7.27M |
| 52W High | 48.40 -42.54% |
| 52W Low | 20.30 37.03% |
| Volatility | 8.67% 6.58% |
| ATR (14) | 1.70 |
| RSI (14) | 61.28 |
| Beta | - |
| Rel Volume | 0.82 |
| Avg Volume | 1.64M |
| Volume | 1,119,210 |
Performance
| Perf Week | 5.54% |
|---|---|
| Perf Month | 8.08% |
| Perf Quarter | -15.03% |
| Perf Half Y | -40.54% |
| Perf YTD | -7.30% |
| Perf Year | - |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.09 |
| Target Price | 40.00 |
| Prev Close | 27.42 |
| Price | 27.81 |
| Change % | 1.42% |
Analyst ratings
latest 10 of 11| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| May 14, 2026 | Downgrade | UUBS | Buy → Neutral | $50 | +79.8% |
| Mar 09, 2026 | Initiated | WWolfe Research | Outperform | $35 | +25.9% |
| Mar 09, 2026 | Initiated | UUBS | Buy | $42 | +51.0% |
| Mar 09, 2026 | Initiated | TTD Cowen | Buy | $32 | +15.1% |
| Mar 09, 2026 | Initiated | RRoth Capital | Buy | $35 | +25.9% |
| Mar 09, 2026 | Initiated | RRobert W. Baird | Outperform | $36 | +29.4% |
| Mar 09, 2026 | Initiated | KKeyBanc Capital Markets | Overweight | $34 | +22.3% |
| Mar 09, 2026 | Initiated | JJP Morgan | Overweight | $34 | +22.3% |
| Mar 09, 2026 | Initiated | JJefferies | Buy | $32 | +15.1% |
| Mar 09, 2026 | Initiated | GGuggenheim | Buy | $37 | +33.0% |
Peers
Mkt capInsider trading
4 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| SOLV Energy Management Holding | 10% Owner | Aug 19 '26 | Proposed Sale | 27.77 | 1,329,803 | 36,928,629 | Aug 19 08:46 PM | |
| ASP SOLV Aggregator LP | 10% Owner | Aug 19 '26 | Proposed Sale | 27.77 | 2,281,394 | 63,354,311 | Aug 19 08:42 PM | |
| ASP VIII Alternative Investmen | 10% Owner | Aug 19 '26 | Proposed Sale | 27.77 | 4,859,347 | 134,944,066 | Aug 19 08:40 PM | |
| ASP Endeavor Investco LP | 10% Owner | Aug 19 '26 | Proposed Sale | 27.77 | 798,412 | 22,171,901 | Aug 19 08:38 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| AIRR | First Trust RBA American Industrial Renaissance ETF | AUM: 8.15B |
| PAVE | Global X U.S. Infrastructure Development ETF | AUM: 13.47B |
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| VB | Vanguard Morningstar Small-Cap ETF | AUM: 79.59B |
| ALAI | Alger AI Enablers & Adopters ETF | AUM: 1.56B |
| VBK | Vanguard Morningstar Small-Cap Growth ETF | AUM: 22.34B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| BBHM | BBH Select Mid Cap ETF | AUM: 367.74M |
| IWP | iShares Russell Mid-Cap Growth ETF | AUM: 18.09B |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | AUM: 470.64M |
News
latest 14 of 60- SOLV Energy Must Prove Its Twice-Raised Outlook Holds Despite A Battered Stock (Earnings Whispers) -9.60%
- SOLV Energy Expands High-Voltage Infrastructure Capabilities with Acquisition of ASB Energy Services (GlobeNewswire) +11.71%
- SOLV Energy to Report Third Quarter 2026 Financial Results on November 12, 2026 (GlobeNewswire) -7.40%
- Evercore Revamps S&P 500 Price Target for 2026 (GuruFocus.com)
- Will There be a U.S. Recession in 2026? (Zacks)
- SOLV Energy Inc (MWH) (Q2 2026) Earnings Call Highlights: Record Revenue and Backlog Surge Amid ... (GuruFocus.com) +8.77%
- Solv Energy: Q2 Earnings Snapshot (Associated Press)
- SOLV Energy Reports Second Quarter 2026 Financial Results (GlobeNewswire)
- SOLV Energy Inc (MWH) Q2 2026: Everything You Need To Know Ahead Of Earnings (GuruFocus.com)
- SOLV Energy to Report Second Quarter 2026 Financial Results on August 13, 2026 (GlobeNewswire)
- JPMorgan sees clean energy pullback as buying opportunity ahead of earnings (Investing.com)
- SOLV Energy Announces Full Exercise and Closing of Underwriters' Option to Purchase Additional Shares of Class A Common Stock (GlobeNewswire) -7.94%
- SOLV Energy Scales Up, Now Supporting Multiple 600+ MW Solar and Battery Projects Totaling More than 4 GW Across the U.S. (GlobeNewswire) +5.28%
- Matrix Renewables and SOLV Energy break ground on solar project in Texas (Energy Global)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-12 | - | 0.577 | - | - | 1,188 | 7 |
| 2026Q2 | 2026-08-13 | 0.300 | 0.239 | 0.260 | 951 | 723.13 | 7 |
| 2026Q1 | 2026-05-12 | -0.175 | 0.155 | -0.115 | 676.81 | 623.52 | 7 |
| 2025Q4 | 2026-03-19 | 0.186 | 0.294 | 0.176 | 793.63 | 791.65 | 4 |
| 2025Q3 | 2025-12-03 | 0.387 | - | 0.375 | 768.3 | - | - |
| 2026Q4 | - | - | 0.486 | - | - | 1,117 | 6 |
| 2027Q1 | - | - | 0.320 | - | - | 1,039 | 2 |
| 2027Q2 | - | - | 0.340 | - | - | 1,081 | 2 |
| 2027Q3 | - | - | 0.420 | - | - | 1,208 | 2 |
| 2027Q4 | - | - | 0.470 | - | - | 1,255 | 2 |
| 2028Q1 | - | - | 0.405 | - | - | 1,145 | 2 |
| 2028Q2 | - | - | 0.410 | - | - | 1,245 | 2 |
| 2028Q3 | - | - | 0.455 | - | - | 1,312 | 2 |
| 2028Q4 | - | - | 0.465 | - | - | 1,296 | 2 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2025FY | 0.797 | 0.905 | 0.773 | 2,490 | 2,486 |
| 2026FY | - | 1.078 | - | - | 3,935 |
| 2027FY | - | 1.689 | - | - | 4,522 |
| 2028FY | - | 1.925 | - | - | 4,830 |
| 2029FY | - | 2.037 | - | - | 4,931 |
| 2030FY | - | 2.143 | - | - | 5,110 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-10-28 | 9 | 0 | 0 | 1,188 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-10-27 | 9 | 1 | 0 | 1,188 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-10-26 | 9 | 3 | 1 | 1,188 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-10-16 | 9 | 3 | 1 | 1,188 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-10-13 | 9 | 3 | 1 | 1,188 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-10-09 | 8 | 3 | 1 | 1,188 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-10-07 | 8 | 3 | 2 | 1,188 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-09-26 | 7 | 3 | 2 | 1,188 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-08-30 | 7 | 4 | 2 | 1,188 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-08-21 | 8 | 4 | 2 | 1,189 | 1,108 | 1,229 |
| 2026Q3 | S | 2026-08-14 | 8 | 4 | 1 | 1,196 | 1,108 | 1,265 |
| 2026Q3 | S | 2026-08-13 | 8 | 3 | 1 | 1,183 | 1,061 | 1,265 |
| 2026Q3 | S | 2026-08-05 | 7 | 0 | 0 | 1,161 | 1,007 | 1,265 |
| 2026Q3 | S | 2026-07-27 | 7 | 0 | 1 | 1,161 | 1,007 | 1,265 |
Estimate history
| EPS, annual | -0.611 | -0.551 | 0.05 | 0.737 | ||
|---|---|---|---|---|---|---|
| Period | 2022 | 2023 | 2024 | 2025 | ||
| EPS, quarterly | 0.049 | -0.004 | 0.219 | 0.176 | -0.115 | 0.183 |
| Period | Q4 '24 | Q1 '25 | Q2 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 2318.265 | 2100.643 | 1847.803 | 2490.496 | ||
| Period | 2022 | 2023 | 2024 | 2025 | ||
| Sales, quarterly | 440.949 | 407.847 | 535.952 | 793.63 | 676.805 | 951.243 |
| Period | Q4 '24 | Q1 '25 | Q2 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 199.415 | 199.415 | 199.415 | 202.49 | 202.392 | |
| Period | 2022 | 2023 | 2024 | 2025 | MRQ | |
| Shares, quarterly | 199.415 | 202.396 | 202.477 | 202.49 | 202.477 | 202.392 |
| Period | Q4 '24 | Q1 '25 | Q2 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Total Revenue | 951.24 | 2,490.50 | 1,847.80 | 2,100.64 | 2,318.26 |
| Cost of Goods Sold Incl. D&A | 829.88 | 2,084.01 | 1,657.73 | 2,060.00 | 2,301.34 |
| Gross Profit | 121.37 | 406.49 | 190.07 | 40.64 | 16.92 |
| Selling, General and Administrative Excl. Other | 51.68 | 211.04 | 125.14 | 93.53 | 99.22 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 69.68 | 195.44 | 64.93 | -52.89 | -82.29 |
| Interest Expense | 1.40 | 52.73 | 55.39 | 59.70 | 39.66 |
| Unusual Expense | 0.00 | 0.00 | 4.16 | 0.22 | 0.00 |
| Net Income Before Taxes | 72.66 | 153.35 | 10.52 | -109.64 | -121.75 |
| Income Taxes | 5.82 | 3.64 | 0.60 | 0.20 | 0.01 |
| Consolidated Net Income | 66.83 | 149.70 | 9.92 | -109.84 | -121.76 |
| Net Income From Continuing Operations | 36.97 | 149.18 | 9.92 | -109.84 | -121.76 |
| Net Income | 36.97 | 149.18 | 9.92 | -109.84 | -121.76 |
| EPS (Recurring) | 0.18 | 0.74 | 0.06 | -0.55 | -0.61 |
| EPS (Basic, Before Extraordinaries) | 0.18 | 0.74 | 0.05 | -0.55 | -0.61 |
| EPS (Diluted) | 0.18 | 0.74 | 0.05 | -0.55 | -0.61 |
| EBITDA | 96.44 | 280.99 | 148.83 | 28.91 | 6.01 |
| Non-Operating Income (Expense) | 4.38 | 10.63 | 5.15 | 3.17 | 0.20 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 11.69 | 21.59 | 6.80 | 1.88 | 1.93 |
| Gross Margin | - | 16.32 | 10.29 | 1.93 | 0.73 |
| Operating Margin | - | 7.85 | 3.51 | -2.52 | -3.55 |
| Net Margin | - | 5.99 | 0.54 | -5.23 | -5.25 |
| Shares Outstanding | 202.39 | 202.49 | 199.42 | 199.42 | 199.42 |
| Market Capitalization | 5,549.59 | 5,549.59 | - | - | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|
| Total Revenue | 951.24 | 676.80 | 793.63 | 535.95 | 407.85 | 440.95 |
| Cost of Goods Sold Incl. D&A | 829.88 | 572.61 | 665.09 | 436.95 | 362.52 | 376.61 |
| Gross Profit | 121.37 | 104.19 | 128.54 | 99.00 | 45.33 | 64.34 |
| Selling, General and Administrative Excl. Other | 51.68 | 111.38 | 83.29 | 40.86 | 36.07 | 39.56 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 69.68 | -7.18 | 45.25 | 58.14 | 9.26 | 24.78 |
| Interest Expense | 1.40 | 6.90 | 12.30 | 14.06 | 12.69 | 13.73 |
| Unusual Expense | 0.00 | 10.69 | 0.00 | 0.00 | 0.00 | 4.21 |
| Net Income Before Taxes | 72.66 | -23.25 | 37.27 | 45.68 | -0.24 | 9.39 |
| Income Taxes | 5.82 | 4.17 | 1.80 | 1.05 | 0.26 | -0.40 |
| Consolidated Net Income | 66.83 | -27.41 | 35.47 | 44.63 | -0.50 | 9.79 |
| Net Income From Continuing Operations | 36.97 | -23.36 | 35.53 | 44.26 | -0.71 | 9.78 |
| Net Income | 36.97 | -23.36 | 35.53 | 44.26 | -0.71 | 9.78 |
| EPS (Recurring) | 0.18 | -0.08 | 0.18 | 0.22 | -0.00 | 0.06 |
| EPS (Basic, Before Extraordinaries) | 0.18 | -0.12 | 0.18 | 0.22 | -0.00 | 0.05 |
| EPS (Diluted) | 0.18 | -0.12 | 0.18 | 0.22 | -0.00 | 0.05 |
| EBITDA | 96.44 | 16.55 | 68.90 | 78.33 | 28.83 | 46.00 |
| Non-Operating Income (Expense) | 4.38 | 1.52 | 4.32 | 1.60 | 3.19 | 2.55 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 11.69 | 51.25 | 19.32 | 1.00 | 0.56 | 2.15 |
| Gross Margin | 12.76 | 15.39 | 16.20 | 18.47 | 11.11 | 14.59 |
| Operating Margin | 7.33 | -1.06 | 5.70 | 10.85 | 2.27 | 5.62 |
| Net Margin | 3.89 | -3.45 | 4.48 | 8.26 | -0.18 | 2.22 |
| Shares Outstanding | 202.39 | 202.48 | 202.49 | 202.48 | 202.40 | 199.42 |
| Market Capitalization | 5,549.59 | 6,080.77 | 5,772.99 | - | - | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|
| Cash & Short Term Investments | 394.88 | 207.99 | 178.02 | - |
| Short Term Receivables | 431.76 | 337.35 | 413.27 | - |
| Inventories | 48.08 | 0.00 | 0.00 | - |
| Other Current Assets | 6.84 | 17.76 | 26.71 | - |
| Total Current Assets | 881.55 | 563.10 | 618.00 | - |
| Net Property, Plant & Equipment | 114.39 | 75.65 | 70.00 | - |
| Total Investments and Advances | 0.00 | 3.75 | 3.00 | - |
| Intangible Assets | 791.67 | 808.58 | 874.93 | - |
| Other Assets | 28.66 | 26.95 | 19.11 | - |
| Total Assets | 1,816.27 | 1,478.03 | 1,585.05 | - |
| Short Term Debt Incl. Current Port. of LT Debt | 22.00 | 15.80 | 11.36 | - |
| Accounts Payable | 422.85 | 258.81 | 436.44 | - |
| Other Current Liabilities | 447.98 | 388.81 | 314.16 | - |
| Total Current Liabilities | 892.84 | 663.43 | 761.97 | - |
| Long Term Debt | 449.86 | 406.62 | 424.86 | - |
| Provision for Risks Charges | 6.30 | 5.40 | 3.82 | - |
| Deferred Tax Liabilities | 5.34 | - | - | - |
| Other Liabilities | 6.71 | 9.13 | 4.03 | - |
| Total Liabilities | 1,361.05 | 1,084.58 | 1,194.68 | - |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | - |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | - |
| Common Equity | 452.19 | 390.94 | 388.33 | - |
| Total Shareholders Equity | 452.19 | 390.94 | 388.33 | - |
| Accumulated Minority Interest | 3.03 | 2.51 | 2.04 | - |
| Total Equity | 455.23 | 393.45 | 390.37 | - |
| Total Liabilities & Stockholders Equity | 1,816.27 | 1,478.03 | 1,585.05 | - |
| Book Value Per Share | 2.23 | 1.96 | 1.95 | - |
| Tangible Book Value Per Share | -1.68 | -2.09 | -2.44 | - |
| Full-Time Employees | 2,600 | - | - | - |
| Price to Book Ratio | 11.17 | - | - | - |
| Return on Assets | - | 0.65 | - | - |
| Return on Equity | - | 2.55 | - | - |
| Return on Invested Capital | 16.54 | 1.24 | -13.51 | - |
| Quick Ratio | 0.93 | 0.85 | 0.81 | - |
| Current Ratio | 0.99 | 0.85 | 0.81 | - |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Net Income | 66.83 | 149.70 | 9.92 | -109.84 | -121.76 |
| Depreciation | 26.76 | 85.54 | 84.84 | 81.83 | 88.26 |
| Other Funds (Non Cash) | 9.73 | 36.34 | 13.05 | 6.31 | 7.17 |
| Funds from Operations | 103.32 | 271.58 | 107.81 | -21.70 | -26.32 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -74.32 | 60.06 | 9.80 | 71.99 | 110.25 |
| Cash from Operating Activities | 29.00 | 331.64 | 117.61 | 50.29 | 83.93 |
| Capital Expenditures | -5.52 | -21.41 | -8.57 | -14.40 | -27.26 |
| Net Assets From Acquisitions | 0.00 | 0.00 | - | - | - |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.77 | 0.89 | 1.15 |
| Purchase or Sale of Investments | 0.00 | -55.33 | 0.00 | 0.55 | -0.82 |
| Purchase of Investments | 0.00 | -55.33 | 0.00 | -2.50 | -0.82 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 3.05 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -5.52 | -76.74 | -7.80 | -12.97 | -26.92 |
| Cash Dividends Paid | 0.00 | 0.00 | -10.53 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 289.33 | -4.18 | 0.00 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 289.33 | -4.18 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 289.33 | -4.18 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -5.28 | 27.41 | -35.17 | -2.93 | 6.96 |
| Change in Long Term Debt | -5.28 | 27.41 | -35.17 | -2.93 | 6.96 |
| Issuance of Long Term Debt | 0.00 | 47.00 | 88.47 | 151.60 | 26.69 |
| Reduction of Long Term Debt | -5.28 | -19.59 | -123.64 | -154.53 | -19.73 |
| Net Financing Active Other Cash Flow | -331.27 | -91.25 | -34.14 | -32.83 | 5.02 |
| Other Financing Activities Uses | -331.27 | -91.25 | -34.14 | -32.83 | -10.00 |
| Cash from Financing Activities | -44.42 | -68.01 | -79.84 | -35.76 | 11.98 |
| Net Change in Cash | -20.94 | 186.89 | 29.97 | 1.56 | 68.99 |
| Free Cash Flow | 23.48 | 310.23 | 109.04 | 35.89 | 56.67 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 363.97 | 384.91 | 394.88 | - | - | 207.99 |
| Short Term Receivables | 576.94 | 445.12 | 431.76 | - | - | 337.35 |
| Inventories | 90.39 | 95.80 | 48.08 | - | - | 0.00 |
| Other Current Assets | 17.19 | 7.52 | 6.84 | - | - | 17.76 |
| Total Current Assets | 1,048.49 | 933.35 | 881.55 | - | - | 563.10 |
| Net Property, Plant & Equipment | 129.37 | 123.73 | 114.39 | - | - | 75.65 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | - | - | 3.75 |
| Intangible Assets | 760.52 | 776.55 | 791.67 | - | - | 808.58 |
| Deferred Tax Assets | 179.83 | 101.30 | - | - | - | - |
| Other Assets | 11.47 | 21.67 | 28.66 | - | - | 26.95 |
| Total Assets | 2,129.68 | 1,956.61 | 1,816.27 | - | - | 1,478.03 |
| Short Term Debt Incl. Current Port. of LT Debt | 22.93 | 21.08 | 22.00 | - | - | 15.80 |
| Accounts Payable | 523.16 | 413.19 | 422.85 | - | - | 258.81 |
| Other Current Liabilities | 415.56 | 458.01 | 447.98 | - | - | 388.81 |
| Total Current Liabilities | 961.64 | 892.27 | 892.84 | - | - | 663.43 |
| Long Term Debt | 60.70 | 59.45 | 449.86 | - | - | 406.62 |
| Provision for Risks Charges | 8.12 | 6.97 | 6.30 | - | - | 5.40 |
| Deferred Tax Liabilities | 6.15 | 5.34 | 5.34 | - | - | - |
| Other Liabilities | 241.89 | 181.36 | 6.71 | - | - | 9.13 |
| Total Liabilities | 1,278.50 | 1,145.38 | 1,361.05 | - | - | 1,084.58 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | - | - | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | - | - | 0.00 |
| Common Equity | 496.78 | 432.52 | 452.19 | - | - | 390.94 |
| Total Shareholders Equity | 496.78 | 432.52 | 452.19 | - | - | 390.94 |
| Accumulated Minority Interest | 354.39 | 378.70 | 3.03 | - | - | 2.51 |
| Total Equity | 851.17 | 811.22 | 455.23 | - | - | 393.45 |
| Total Liabilities & Stockholders Equity | 2,129.68 | 1,956.61 | 1,816.27 | - | - | 1,478.03 |
| Book Value Per Share | 2.45 | 2.14 | 2.23 | - | - | 1.96 |
| Tangible Book Value Per Share | -1.30 | -1.70 | -1.68 | - | - | -2.09 |
| Full-Time Employees | - | - | 2,600 | - | - | - |
| Price to Book Ratio | 11.17 | 13.45 | 12.77 | - | - | - |
| Return on Invested Capital | 6.63 | -4.75 | 3.94 | - | - | 1.23 |
| Quick Ratio | 1.00 | 0.94 | 0.93 | - | - | 0.85 |
| Current Ratio | 1.09 | 1.05 | 0.99 | - | - | 0.85 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|
| Net Income | 66.83 | -27.41 | - | 44.63 | -0.50 | - |
| Depreciation | 26.76 | 23.73 | - | 20.19 | 19.57 | - |
| Other Funds (Non Cash) | 9.73 | 75.64 | - | 2.55 | 0.72 | - |
| Funds from Operations | 103.32 | 71.96 | - | 67.38 | 19.79 | - |
| Extraordinary Item | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Changes in Working Capital | -74.32 | -57.72 | - | -36.71 | 0.39 | - |
| Cash from Operating Activities | 29.00 | 14.24 | - | 30.66 | 20.18 | - |
| Capital Expenditures | -5.52 | -10.44 | - | -2.54 | -2.78 | - |
| Net Assets From Acquisitions | 0.00 | 0.00 | - | -55.76 | 0.00 | - |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Purchase or Sale of Investments | 0.00 | 0.00 | - | 10.76 | -10.76 | - |
| Purchase of Investments | 0.00 | 0.00 | - | 10.76 | -10.76 | - |
| Sale Or Maturity of Investments | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Other Uses | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Other Sources | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Cash from Investing Activities | -5.52 | -10.44 | - | -47.53 | -13.53 | - |
| Cash Dividends Paid | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Change in Capital Stock | 289.33 | 549.01 | - | 0.00 | 0.00 | - |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Sale of Common Pref Stock | 289.33 | 549.01 | - | 0.00 | 0.00 | - |
| Proceedsfrom Stock Options | 289.33 | 549.01 | - | 0.00 | 0.00 | - |
| Issuance or Reduction of Debt, Net | -5.28 | -409.63 | - | -4.77 | 42.24 | - |
| Change in Long Term Debt | -5.28 | -409.63 | - | -4.77 | 42.24 | - |
| Issuance of Long Term Debt | 0.00 | 0.00 | - | 0.00 | 47.00 | - |
| Reduction of Long Term Debt | -5.28 | -409.63 | - | -4.77 | -4.76 | - |
| Net Financing Active Other Cash Flow | -331.27 | -150.34 | - | -23.96 | -47.84 | - |
| Other Financing Activities Uses | -331.27 | -150.34 | - | -23.96 | -47.84 | - |
| Cash from Financing Activities | -44.42 | -13.77 | - | -28.73 | -5.60 | - |
| Net Change in Cash | -20.94 | -9.96 | - | -45.60 | 1.04 | - |
| Free Cash Flow | 23.48 | 3.80 | - | 28.13 | 17.40 | - |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 15.99% | 7.3M | 45.5M | 1.58M |
| 2026-10-15 | 16.20% | 7.4M | 45.5M | 1.70M |
| 2026-09-30 | 16.11% | 7.3M | 45.5M | 1.85M |
| 2026-09-15 | 13.11% | 6.0M | 45.5M | 2.00M |
| 2026-08-31 | 13.69% | 6.2M | 45.5M | 2.08M |
| 2026-08-14 | 14.35% | 5.7M | 39.9M | 2.15M |
| 2026-07-31 | 20.79% | 8.0M | 38.4M | 2.08M |
| 2026-07-15 | 12.31% | 4.7M | 38.4M | 1.77M |
| 2026-06-30 | 10.80% | 3.6M | 33.1M | 1.55M |
| 2026-06-15 | 8.70% | 2.9M | 32.9M | 1.34M |
| 2026-05-29 | 6.14% | 2.0M | 33.3M | 1.13M |
| 2026-05-15 | 1.31% | 1.5M | 115.4M | 923.23K |
| 2026-04-30 | 0.84% | 1.0M | 115.4M | 1.08M |
| 2026-04-15 | 0.93% | 1.1M | 115.4M | 1.15M |
| 2026-03-31 | 1.64% | 1.9M | 115.4M | 1.25M |
| 2026-03-13 | 0.63% | 0.7M | 115.4M | 1.42M |
| 2026-02-27 | 0.82% | 0.9M | 115.4M | 1.95M |
| 2026-02-13 | 0.71% | 0.8M | 115.4M | 4.59M |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 12.50 | 14.70 | 17.30 | 12.21 | 6.318 | 3.00 | 0.00 | 0.988 | -0.020 | 0.001 |
| call | 15.00 | 12.40 | 15.00 | 0.00 | 5.315 | 0.00 | 0.00 | 0.955 | -0.063 | 0.004 |
| call | 17.50 | 9.90 | 12.50 | 0.00 | 4.351 | 0.00 | 0.00 | 0.944 | -0.060 | 0.005 |
| call | 20.00 | 7.30 | 9.40 | 4.90 | 3.059 | 5.00 | 0.00 | 0.927 | -0.056 | 0.006 |
| call | 22.50 | 5.20 | 6.90 | 2.30 | 2.362 | 5.00 | 0.00 | 0.900 | -0.051 | 0.008 |
| call | 25.00 | 3.30 | 3.60 | 3.66 | 1.148 | 225 | 17.00 | 0.770 | -0.078 | 0.013 |
| call | 30.00 | 0.75 | 0.95 | 0.90 | 1.013 | 50.00 | 57.00 | 0.351 | -0.094 | 0.016 |
| call | 35.00 | 0.05 | 0.20 | 0.10 | 1.071 | 2.00 | 0.00 | 0.098 | -0.045 | 0.007 |
| put | 12.50 | 0.00 | 0.05 | 0.00 | 3.334 | 0.00 | 0.00 | -0.035 | -0.063 | 0.003 |
| put | 15.00 | 0.00 | 0.25 | 0.17 | 2.664 | 3.00 | 0.00 | -0.045 | -0.061 | 0.004 |
| put | 17.50 | 0.00 | 0.25 | 0.32 | 2.097 | 58.00 | 0.00 | -0.056 | -0.058 | 0.005 |
| put | 20.00 | 0.00 | 0.25 | 0.92 | 1.630 | 7.00 | 0.00 | -0.071 | -0.054 | 0.006 |
| put | 22.50 | 0.15 | 0.25 | 0.20 | 1.143 | 46.00 | 3.00 | -0.099 | -0.048 | 0.008 |
| put | 25.00 | 0.45 | 0.65 | 0.80 | 1.062 | 84.00 | 0.00 | -0.238 | -0.079 | 0.013 |
| put | 30.00 | 2.85 | 3.20 | 2.90 | 1.059 | 9.00 | 10.00 | -0.653 | -0.090 | 0.016 |
| put | 35.00 | 5.90 | 7.70 | 0.00 | 1.396 | 0.00 | 0.00 | -0.902 | -0.041 | 0.007 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-08-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-27 | SEC |
| 2026-08-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-27 | SEC |
| 2026-08-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-27 | SEC |
| 2026-08-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-27 | SEC |
| 2026-08-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-27 | SEC |
| 2026-08-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-27 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-19 | SEC |
| 2026-08-19 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-08-19 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-08-19 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-08-19 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-08-14 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-13 | 8-K | Current report | 2026-08-13 | SEC |
| 2026-08-11 | SCHEDULE 13G/A | SEC | ||
| 2026-06-05 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-04 | SEC |
| 2026-06-05 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-04 | SEC |
| 2026-06-05 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-04 | SEC |
| 2026-06-05 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-04 | SEC |
| 2026-06-05 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-04 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| AMERICAN SECURITIES LLC | 39.53% |
| BlackRock, Inc. | 1.32% |
| Robeco Schweiz AG | 1.25% |
| DRIEHAUS CAPITAL MANAGEMENT LLC | 1.13% |
| FRED ALGER MANAGEMENT, LLC | 1.08% |
| UBS Group AG | 0.90% |
| VANGUARD CAPITAL MANAGEMENT LLC | 0.77% |
| Ninety One UK Ltd | 0.76% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 0.72% |
| BALYASNY ASSET MANAGEMENT L.P. | 0.70% |
Funds
| Fund | % owned |
|---|---|
| Global X U.S. Infrastructure Development ETF | 0.70% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 0.56% |
| PGIM Jennison Utility Fund | 0.47% |
| VANGUARD SMALL-CAP INDEX FUND | 0.40% |
| ALGER SPECTRA FUND | 0.37% |
| Bridge Builder Small/Mid Cap Growth Fund | 0.35% |
| Franklin Small Cap Growth Fund | 0.29% |
| Federated Hermes Kaufmann Small Cap Fund | 0.27% |
| VANGUARD SMALL-CAP GROWTH INDEX FUND | 0.23% |
| JPMorgan Small Cap Growth Fund | 0.20% |
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