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

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

Several research firms have weighed in on MWH. KeyCorp boosted their target price on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. UBS Group restated a “neutral” rating and set a $50.00 price target (up from $42.00) on shares of SOLV Energy in a report on Thursday, May 14th. Guggenheim lifted their price target on shares of SOLV Energy from $37.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Canadian Imperial Bank of Commerce upped their price objective on SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a report on Monday, April 20th. Finally, Weiss Ratings initiated coverage on SOLV Energy in a research report on Wednesday, June 3rd. They issued a “sell (d)” rating for the company.

SOLV Energy Stock Down 3.3%

Shares of MWH opened at $27.85 on Thursday. SOLV Energy has a 12-month low of $23.83 and a 12-month high of $48.40. The firm has a 50-day moving average price of $31.28.

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.