SOLV Energy (NASDAQ:MWH) Shares Up 6.6% – Still a Buy?

Shares of SOLV Energy Inc. (NASDAQ:MWH) were up 6.6% on Monday . The company traded as high as $28.92 and last traded at $28.83. Approximately 254,237 shares traded hands during trading, a decline of 73% from the average daily volume of 932,836 shares. The stock had previously closed at $27.04.

Key Stories Impacting SOLV Energy

Here are the key news stories impacting SOLV Energy this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and a $32 price target (~9.6% upside). Article Title
• Positive Sentiment: JPMorgan started coverage with an Overweight rating and a $34 price target (~16.4% upside). Article Title
• Positive Sentiment: UBS initiated at Buy with a $42 target (~43.8% upside), the most bullish PT among the group. Article Title
• Positive Sentiment: Evercore launched coverage with an Outperform rating and a $34 target (~16.4% upside). Article Title
• Positive Sentiment: Guggenheim started at Buy with a $37 target (~26.7% upside). Article Title
• Positive Sentiment: TD Cowen initiated coverage with a Buy rating and a $32 target (~9.6% upside). Article Title
• Positive Sentiment: Robert W. Baird initiated with an Outperform rating and a $36 target (~23.2% upside). Article Title
• Positive Sentiment: Wolfe Research started coverage at Outperform with a $35 target (~19.8% upside). Article Title
• Positive Sentiment: KeyCorp initiated with an Overweight rating and a $34 target (~16.4% upside). Article Title
• Positive Sentiment: Roth MKM started coverage with a Buy rating and a $35 price target (~19.8% upside). Article Title Read More.

Analyst Ratings Changes

Several brokerages have commented on MWH. KeyCorp started coverage on SOLV Energy in a research note on Monday. They set an “overweight” rating and a $34.00 target price on the stock. Wolfe Research initiated coverage on SOLV Energy in a report on Monday. They issued an “outperform” rating and a $35.00 target price on the stock. TD Cowen began coverage on shares of SOLV Energy in a research report on Monday. They issued a “buy” rating and a $32.00 price target for the company. UBS Group started coverage on SOLV Energy in a report on Monday. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Evercore started coverage on shares of SOLV Energy in a report on Monday. They set an “outperform” rating and a $34.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $35.10.

SOLV Energy Trading Up 6.3%

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.