SOLV Energy slides after launching 14M-share public offering
SOLV Energy (MWH) shares fell 6.3% in post-market trading after announcing a public offering of 14M shares of Class A common stock. This includes nearly 7.2M shares from American Securities LLC affiliates and over 6.8M shares from the company. The proceeds will be used to acquire interests in SOLV Energy Holdings, with Jefferies and J.P. Morgan as joint lead managers.
