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

SOLV Energy Inc. (NASDAQ:MWH) has been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $40.00.

Several brokerages have recently weighed in on MWH. Zacks Research raised shares of SOLV Energy to a “hold” rating in a research report on Tuesday, March 10th. KeyCorp boosted their price target on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings assumed coverage on shares of SOLV Energy in a research report on Wednesday, June 3rd. They issued a “sell (d)” rating on the stock. Robert W. Baird upped their target price on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, TD Cowen assumed coverage on shares of SOLV Energy in a research report on Monday, March 9th. They issued a “buy” rating and a $32.00 target price on the stock.

SOLV Energy Stock Performance

Shares of MWH stock opened at $34.48 on Wednesday. The firm’s 50-day moving average price is $36.63. SOLV Energy has a twelve month low of $26.42 and a twelve month high of $48.40.

SOLV Energy (NASDAQ:MWH) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. The company’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.