SOLV Energy (NASDAQ:MWH) Given New $36.00 Price Target at JPMorgan Chase & Co.

SOLV Energy (NASDAQ:MWH) had its target price upped by JPMorgan Chase & Co. from $34.00 to $36.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 29.78% from the stock’s current price.

Several other analysts have also issued reports on MWH. Weiss Ratings lowered shares of SOLV Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. TD Cowen upped their target price on SOLV Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $42.00 target price on shares of SOLV Energy in a report on Friday, August 14th. KeyCorp decreased their price target on SOLV Energy from $43.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Finally, Zacks Research cut SOLV Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.73.

SOLV Energy Price Performance

SOLV Energy stock traded up $0.96 during mid-day trading on Friday, reaching $27.74. 1,312,446 shares of the company were exchanged, compared to its average volume of 1,570,696. The company has a fifty day simple moving average of $24.97 and a 200-day simple moving average of $30.17. SOLV Energy has a 12 month low of $20.30 and a 12 month high of $48.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $5.61 billion and a PE ratio of 92.57.

SOLV Energy (NASDAQ:MWH) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). The company had revenue of $1.24 billion during the quarter. SOLV Energy’s quarterly revenue was up 64.9% on a year-over-year basis. As a group, equities research analysts expect that SOLV Energy will post 1.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SOLV Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PEAK6 LLC bought a new stake in SOLV Energy in the third quarter worth approximately $762,000. Benjamin Edwards Inc. increased its position in SOLV Energy by 11.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 59,065 shares of the company’s stock valued at $1,419,000 after buying an additional 6,249 shares in the last quarter. First Trust Advisors LP acquired a new position in SOLV Energy during the 3rd quarter worth approximately $106,605,000. Voya Investment Management LLC bought a new position in SOLV Energy in the third quarter worth approximately $733,000. Finally, Global Retirement Partners LLC grew its stake in SOLV Energy by 22,500.0% in the third quarter. Global Retirement Partners LLC now owns 1,582 shares of the company’s stock valued at $38,000 after acquiring an additional 1,575 shares during the period.

Latest SOLV Energy News

These are some of the MWH news items that stood out recently:

• Positive Sentiment: Third-quarter revenue climbed 64.9% year over year to $1.24 billion, while net income rose to $123 million from $70 million. SOLV Energy Q3 financial results
• Positive Sentiment: Management forecast 2026 revenue of approximately $4.03 billion–$4.12 billion, above FactSet’s $3.93 billion consensus, signaling confidence in continued growth. 2026 revenue outlook
• Negative Sentiment: Q3 EPS was $0.53, below the $0.59 analyst consensus. Gross margin also narrowed to 17.8% from 19.7% a year earlier, and adjusted EBITDA margin fell to 13.9% from 16.1%, raising concerns about profitability amid rapid growth. Q3 revenue and EPS report

SOLV Energy Company Profile

SOLV Energy is a U.S. renewable energy contractor that develops, builds and maintains utility-scale solar power and battery storage projects. Its services include engineering, procurement and construction, as well as operations and maintenance for energy facilities. The company serves customers across the United States, supporting projects from construction through ongoing operation. Its business also includes work on related electrical infrastructure. SOLV Energy traces its roots to Swinerton Renewable Energy, which became an independent company under the SOLV Energy name in 2021.