SOLV Energy Target of Unusually Large Options Trading (NASDAQ:MWH)

SOLV Energy Inc. (NASDAQ:MWH) saw some unusual options trading on Friday. Stock investors acquired 2,333 call options on the company. This is an increase of approximately 23,230% compared to the typical daily volume of 10 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. KeyCorp boosted their target price on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. 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 report on Thursday, May 14th. Robert W. Baird boosted their price objective on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce increased their target price on shares of SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a research report on Monday, April 20th. Finally, Weiss Ratings initiated coverage on shares of SOLV Energy in a research note on Wednesday, June 3rd. They issued a “sell (d)” rating for the company. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

SOLV Energy Price Performance

Shares of MWH traded up $0.34 during trading hours on Friday, reaching $28.77. 152,756 shares of the company traded hands, compared to its average volume of 1,392,718. The stock has a fifty day simple moving average of $36.30. SOLV Energy has a 12-month low of $26.42 and a 12-month high of $48.40.

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.