SOLV Energy Inc. (NASDAQ:MWH) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of SOLV Energy Inc. (NASDAQ:MWH) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.00.

Several brokerages have commented on MWH. Weiss Ratings began coverage on shares of SOLV Energy in a research note on Wednesday, June 3rd. They issued a “sell (d)” rating on the stock. Guggenheim raised their target price 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. Robert W. Baird upped their price target on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce increased their target price on SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a research note on Monday, April 20th. Finally, UBS Group reaffirmed 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.

SOLV Energy Trading Up 1.7%

MWH stock traded up $0.49 during mid-day trading on Friday, reaching $28.92. The company’s stock had a trading volume of 1,106,381 shares, compared to its average volume of 1,402,496. SOLV Energy has a fifty-two week low of $26.42 and a fifty-two week high of $48.40. The company’s 50 day moving average price is $36.12.

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.