SOLV Energy Inc.’s Quiet Period Set To End Tomorrow (NASDAQ:MWH)

SOLV Energy’s (NASDAQ:MWH) quiet period will end on Monday, March 23rd. SOLV Energy had issued 20,500,000 shares in its IPO on February 11th. The total size of the offering was $512,500,000 based on an initial share price of $25.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MWH shares. TD Cowen started coverage on shares of SOLV Energy in a research report on Monday, March 9th. They set a “buy” rating and a $32.00 price objective on the stock. UBS Group initiated coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $42.00 target price for the company. Wolfe Research assumed coverage on shares of SOLV Energy in a report on Monday, March 9th. They set an “outperform” rating and a $35.00 price target on the stock. Zacks Research raised shares of SOLV Energy to a “hold” rating in a research note on Tuesday, March 10th. Finally, Guggenheim started coverage on SOLV Energy in a report on Monday, March 9th. They set a “buy” rating and a $37.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $35.10.

SOLV Energy Trading Down 2.5%

Shares of SOLV Energy stock opened at $27.78 on Friday. SOLV Energy has a 52-week low of $26.42 and a 52-week high of $33.00.

SOLV Energy (NASDAQ:MWH) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. The firm’s revenue was up 80.0% on a year-over-year basis.

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.