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SOLV Energy Inc., a San Diego-based contractor in solar energy and battery storage, has filed for an initial public offering on Nasdaq under the ticker symbol MWH, aiming to raise $750 million by offering 20.5 million shares. For the fiscal year ending September 30, the company reported a net income of $114 million on $1.7 billion in revenue, with a backlog of $6.7 billion.

SOLV has constructed over 20 GW of solar capacity in approximately 30 states, ranking No. 66 on ENR's Top 400 Contractors list and second in solar project work. The funds from the IPO are intended for debt repayment and potential mergers and acquisitions.