SOLV Energy Inc. (NASDAQ:MWH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of SOLV Energy Inc. (NASDAQ:MWH) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $38.8182.

Several research analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of SOLV Energy in a research report on Monday, March 9th. They issued a “buy” rating and a $32.00 price target for the company. Wolfe Research initiated coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set an “outperform” rating and a $35.00 price objective on the stock. Jefferies Financial Group began coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $32.00 price objective 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, JPMorgan Chase & Co. initiated coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set an “overweight” rating and a $34.00 price target on the stock.

SOLV Energy Price Performance

Shares of MWH opened at $38.44 on Friday. SOLV Energy has a 52 week low of $26.42 and a 52 week high of $48.40. The company’s 50-day moving average is $34.71.

SOLV Energy (NASDAQ:MWH) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.15. The business’s 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.