SOLV Energy (NASDAQ:MWH) Price Target Raised to $50.00

SOLV Energy (NASDAQ:MWH) had its price target increased by equities research analysts at Robert W. Baird from $36.00 to $50.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 9.08% from the stock’s previous close.

Several other research firms have also recently commented on MWH. Guggenheim initiated coverage on SOLV Energy in a report on Monday, March 9th. They issued a “buy” rating and a $37.00 price target for the company. Evercore assumed coverage on SOLV Energy in a report on Monday, March 9th. They issued an “outperform” rating and a $34.00 price target for the company. Jefferies Financial Group assumed coverage on SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $32.00 price objective on the stock. Wall Street Zen raised SOLV Energy to a “hold” rating in a research note on Sunday, February 22nd. Finally, Zacks Research raised SOLV Energy to a “hold” rating in a research note on Tuesday, March 10th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.82.

SOLV Energy Price Performance

MWH opened at $45.84 on Wednesday. The company has a 50-day simple moving average of $32.79. SOLV Energy has a 12 month low of $26.42 and a 12 month high of $48.40.

SOLV Energy (NASDAQ:MWH) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.15 by $0.15. SOLV Energy’s quarterly revenue was up 80.0% compared to the same quarter last year.

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.