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

SOLV Energy Inc. (NASDAQ:MWH) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.00.

Several research firms recently issued reports on MWH. UBS Group reissued a “neutral” rating and issued a $50.00 target price (up from $42.00) on shares of SOLV Energy in a research report on Thursday, May 14th. Weiss Ratings assumed coverage on SOLV Energy in a research note on Wednesday, June 3rd. They issued a “sell (d)” rating for the company. Guggenheim increased their target price on 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 boosted their price target on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, KeyCorp upped their price objective on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th.

SOLV Energy Stock Down 3.3%

Shares of SOLV Energy stock opened at $27.85 on Thursday. The firm has a 50 day moving average of $31.28. SOLV Energy has a 52 week low of $23.83 and a 52 week high of $48.40.

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.