SOLV Energy (NASDAQ:MWH) Now Covered by Guggenheim

Research analysts at Guggenheim began coverage on shares of SOLV Energy (NASDAQ:MWH) in a research report issued on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $37.00 price target on the stock. Guggenheim’s price objective indicates a potential upside of 32.14% from the stock’s previous close.

Several other equities research analysts have also commented on MWH. Wolfe Research started coverage on SOLV Energy in a research report on Monday. They issued an “outperform” rating and a $35.00 price objective on the stock. KeyCorp started coverage on shares of SOLV Energy in a report on Monday. They set an “overweight” rating and a $34.00 target price for the company. Roth Mkm assumed coverage on shares of SOLV Energy in a report on Monday. They set a “buy” rating and a $35.00 price target on the stock. Robert W. Baird started coverage on shares of SOLV Energy in a research report on Monday. They set an “outperform” rating and a $36.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of SOLV Energy in a research report on Monday. They issued an “overweight” rating and a $34.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $35.10.

SOLV Energy Trading Up 3.6%

Shares of NASDAQ MWH traded up $0.96 during trading on Monday, reaching $28.00. 173,867 shares of the company traded hands, compared to its average volume of 926,173. SOLV Energy has a 12-month low of $26.42 and a 12-month high of $33.00.

SOLV Energy News Roundup

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

• Positive Sentiment: TD Cowen initiated coverage with a “Buy” rating and a $32.00 price target (about an 18% upside vs. $27.04).
• Positive Sentiment: Robert W. Baird started coverage with an “Outperform” rating and a $36.00 price target (about a 33% upside). Benzinga
• Positive Sentiment: Wolfe Research initiated coverage with an “Outperform” rating and a $35.00 price target (about a 29% upside). Benzinga
• Positive Sentiment: KeyCorp began coverage with an “Overweight” rating and a $34.00 price target (about a 26% upside). Benzinga
• Positive Sentiment: Roth MKM initiated with a “Buy” rating and a $35.00 price target (about a 29% upside). Benzinga TickerReport

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.