SOLV Energy Soars on Trading Debut with 22.68% First-Day Gain

Stock News06:27

SOLV Energy (MWH.US) began trading on the U.S. stock market on Wednesday, closing its first session up 22.68% at $30.67 per share. The company's initial public offering was priced at $25 per share. SOLV Energy primarily provides infrastructure services for the energy industry, covering the entire project lifecycle from engineering design, procurement, and construction to testing, commissioning, operation, and maintenance. The company focuses on large-scale utility-grade solar power generation and battery energy storage projects, particularly facilities with capacities of 200 megawatts direct current or higher. It also offers related transmission and distribution services, as well as high-voltage substation construction.

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