SOLV Energy (NASDAQ:MWH) Stock Rating Upgraded by Zacks Research

SOLV Energy (NASDAQ:MWH) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on MWH. Guggenheim upped their price target on shares of SOLV Energy from $37.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. UBS Group reissued a “neutral” rating and issued a $50.00 price objective (up from $42.00) on shares of SOLV Energy in a research note on Thursday, May 14th. Weiss Ratings assumed coverage on shares of SOLV Energy in a research report on Wednesday, June 3rd. They set a “sell (d)” rating for the company. Robert W. Baird upped their target price on SOLV Energy from $36.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce raised their target price on SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.00.

SOLV Energy Stock Up 5.6%

MWH opened at $30.28 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.06 and a quick ratio of 1.06. SOLV Energy has a twelve month low of $23.83 and a twelve month high of $48.40. The business’s 50-day moving average price is $30.73.

Institutional Investors Weigh In On SOLV Energy

An institutional investor recently raised its stake in SOLV Energy stock. Bank of New York Mellon Corp increased its stake in shares of SOLV Energy Inc. (NASDAQ:MWH) by 697.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,660 shares of the company’s stock after purchasing an additional 86,290 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.08% of SOLV Energy worth $3,359,000 at the end of the most recent reporting period.

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.