The renewable energy firm expanded its offering by 1M shares, pricing at $36.00 per share to raise gross proceeds of $540M.
SOLV Energy priced an upsized public offering of 15M shares of Class A common stock at $36.00 per share, raising gross proceeds of $540M. The deal was expanded by 1M shares from the initially planned size.
The offering reflects the company’s capital-raising efforts amid growing demand for renewable energy infrastructure. No prior comparable public offering was disclosed in recent filings.
Shares of SOLV Energy were last active in private markets, with no immediate public market reaction reported.