SOLV Energy (NASDAQ:MWH) Stock Price Down 6.5% – Time to Sell?

SOLV Energy Inc. (NASDAQ:MWH)’s share price dropped 6.5% during trading on Tuesday . The stock traded as low as $33.10 and last traded at $33.06. 901,759 shares traded hands during trading, a decline of 33% from the average session volume of 1,341,365 shares. The stock had previously closed at $35.35.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MWH shares. Weiss Ratings began coverage on shares of SOLV Energy in a report on Wednesday, June 3rd. They issued a “sell (d)” rating on the stock. Zacks Research raised shares of SOLV Energy to a “hold” rating in a research report on Tuesday, March 10th. Roth Mkm started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $35.00 target price on the stock. TD Cowen initiated coverage on SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $32.00 price target for the company. Finally, UBS Group reissued a “neutral” rating and issued a $50.00 price objective (up from $42.00) on shares of SOLV Energy in a report on Thursday, May 14th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SOLV Energy has an average rating of “Moderate Buy” and an average price target of $40.00.

SOLV Energy Price Performance

The firm has a 50 day simple moving average of $37.17.

About SOLV Energy

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.