SOLV Energy (NASDAQ:MWH) Shares Gap Up – What’s Next?

SOLV Energy Inc. (NASDAQ:MWH) gapped up before the market opened on Wednesday . The stock had previously closed at $28.81, but opened at $30.27. SOLV Energy shares last traded at $30.3390, with a volume of 177,580 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MWH. Guggenheim upped their price objective on shares of SOLV Energy from $37.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. UBS Group reaffirmed a “neutral” rating and set a $50.00 target price (up from $42.00) on shares of SOLV Energy in a research note on Thursday, May 14th. Weiss Ratings initiated coverage on shares of SOLV Energy in a report on Wednesday, June 3rd. They issued a “sell (d)” rating on the stock. Robert W. Baird increased their price target on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, KeyCorp raised their price target on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SOLV Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

SOLV Energy Stock Performance

The company has a fifty day moving average of $35.03.

About SOLV Energy

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.