SOLV Energy Inc. (NASDAQ:MWH) Receives Consensus Rating of “Moderate Buy” from Analysts

SOLV Energy Inc. (NASDAQ:MWH) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $40.00.

A number of research firms have weighed in on MWH. Wolfe Research began coverage on SOLV Energy in a report on Monday, March 9th. They issued an “outperform” rating and a $35.00 price target for the company. Guggenheim upped their price target on SOLV Energy from $37.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen upgraded SOLV Energy to a “hold” rating in a report on Sunday, February 22nd. Zacks Research raised shares of SOLV Energy to a “hold” rating in a research note on Tuesday, March 10th. Finally, Evercore started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set an “outperform” rating and a $34.00 price target on the stock.

SOLV Energy Stock Performance

NASDAQ:MWH opened at $35.53 on Friday. The firm has a 50-day moving average of $35.56. SOLV Energy has a 12 month low of $26.42 and a 12 month high of $48.40.

SOLV Energy (NASDAQ:MWH) last released its quarterly earnings data 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% on a year-over-year basis.

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.