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

Shares of SOLV Energy Inc. (NASDAQ:MWH) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $40.00.

MWH has been the subject of a number of research reports. Canadian Imperial Bank of Commerce upped their target price on shares of SOLV Energy from $37.00 to $38.00 and gave the stock an “outperformer” rating in a report on Monday, April 20th. Evercore initiated coverage on shares of SOLV Energy in a report on Monday, March 9th. They set an “outperform” rating and a $34.00 target price for the company. Guggenheim upped their target price on shares of SOLV Energy from $37.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Weiss Ratings initiated coverage on shares of SOLV Energy in a report on Wednesday, June 3rd. They set a “sell (d)” rating for the company. Finally, Zacks Research raised shares of SOLV Energy to a “hold” rating in a report on Tuesday, March 10th.

SOLV Energy Stock Up 7.1%

SOLV Energy stock opened at $34.48 on Wednesday. SOLV Energy has a 52-week low of $26.42 and a 52-week high of $48.40. The business’s fifty day simple moving average is $36.63.

SOLV Energy (NASDAQ:MWH) last released its earnings results on Thursday, March 19th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. The company’s revenue for the quarter was up 80.0% compared to the same quarter last year.

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.