SOLV Energy’s (MWH) Neutral Rating Reaffirmed at UBS Group

SOLV Energy (NASDAQ:MWH)‘s stock had its “neutral” rating reaffirmed by investment analysts at UBS Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $50.00 price target on the stock, up from their previous price target of $42.00. UBS Group’s price target would suggest a potential upside of 6.91% from the company’s previous close.

Several other research analysts also recently commented on MWH. Evercore started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set an “outperform” rating and a $34.00 price target on the stock. Zacks Research raised shares of SOLV Energy to a “hold” rating in a research note on Tuesday, March 10th. Jefferies Financial Group started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $32.00 price target on the stock. Wolfe Research started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, KeyCorp lifted their price target on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.82.

SOLV Energy Trading Up 2.0%

Shares of MWH opened at $46.77 on Thursday. The company has a 50 day moving average of $33.09. SOLV Energy has a 1-year low of $26.42 and a 1-year high of $48.40.

SOLV Energy (NASDAQ:MWH) last announced its earnings results on Thursday, March 19th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. The business’s revenue for the quarter was up 80.0% on a year-over-year basis.

SOLV Energy Company Profile

SOLV Energy (NASDAQ: MWH) is a renewable energy company that develops, constructs and operates solar and energy storage projects. The firm provides solutions aimed at reducing customers’ reliance on traditional grid power by pairing photovoltaic systems with battery storage where appropriate. SOLV’s activities are centered on delivering commercial-scale and distributed generation projects for business, institutional and public sector clients.

The company’s services encompass multiple phases of project delivery, including site assessment, system design, procurement, engineering and construction, and ongoing operations and maintenance.