5 Best Up and Coming Stocks to Buy for the Next 3 Years

4. SOLV Energy (NASDAQ:MWH)

Number of Hedge Fund Holders: 51

SOLV Energy (NASDAQ:MWH) is one of the best up and coming stocks to buy for the next 3 years. On May 28, SOLV Energy priced an upsized public offering of 15,000,000 shares of its Class A common stock at $36.00 per share. The offering includes 7,301,590 shares sold by the company and 7,698,410 shares sold by affiliates of American Securities LLC. Additionally, underwriters have been granted a 30-day option to purchase up to 2,250,000 supplementary shares.

The company plans to use the net proceeds from its portion of the sale to purchase limited liability company interests in SOLV Energy Holdings LLC from existing holders, including certain directors and executives. SOLV Energy (NASDAQ:MWH) will not receive any proceeds from the shares sold by the selling stockholders.

The offering is managed by a group of financial institutions led by Jefferies and J.P. Morgan. The securities are being offered via a prospectus filed with the SEC, and further information is available through the commission’s EDGAR database or the managing underwriters.

SOLV Energy (NASDAQ:MWH) provides power infrastructure services, offering engineering, procurement, construction, operations, maintenance, repowering, and grid-related solutions for utility-scale energy projects.