KeyCorp Upgrades SOLV Energy (NASDAQ:MWH) to Strong-Buy

SOLV Energy (NASDAQ:MWH) was upgraded by equities research analysts at KeyCorp to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

A number of other research firms have also recently commented on MWH. TD Cowen started coverage on shares of SOLV Energy in a report on Monday. They issued a “buy” rating and a $32.00 price target on the stock. Evercore started coverage on SOLV Energy in a report on Monday. They set an “outperform” rating and a $34.00 price objective for the company. Guggenheim began coverage on SOLV Energy in a research report on Monday. They issued a “buy” rating and a $37.00 target price for the company. UBS Group assumed coverage on SOLV Energy in a research report on Monday. They set a “buy” rating and a $42.00 price target on the stock. Finally, Wolfe Research started coverage on SOLV Energy in a research note on Monday. They set an “outperform” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat.com, SOLV Energy currently has a consensus rating of “Buy” and a consensus target price of $35.10.

SOLV Energy Price Performance

NASDAQ MWH opened at $28.22 on Friday. SOLV Energy has a 52-week low of $26.42 and a 52-week high of $33.00.

Key Headlines 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 (~13% implied upside). Article Title
• Positive Sentiment: JPMorgan started coverage at “Overweight” with a $34 price target (~20% upside), signaling institutional interest. Article Title
• Positive Sentiment: UBS initiated with a “Buy” and a $42 target (~49% upside), the most aggressive projection among the new reports. Article Title
• Positive Sentiment: Evercore gave an “Outperform” rating and a $34 target (~20% upside), adding to the cluster of buy-oriented starts. Article Title
• Positive Sentiment: Guggenheim initiated coverage at “Buy” with a $37 price target (~31% upside). Article Title
• Positive Sentiment: TD Cowen started coverage with a “Buy” and a $32 target (~13% upside). Article Title TickerReport
• Positive Sentiment: Robert W. Baird initiated at “Outperform” with a $36 target (~28% upside). Article Title
• Positive Sentiment: Wolfe Research started coverage at “Outperform” with a $35 target (~24% upside). Article Title
• Positive Sentiment: KeyCorp initiated at “Overweight” with a $34 target (~20% upside). Article Title
• Positive Sentiment: Roth MKM initiated coverage with a “Buy” and a $35 price target (~24% upside). Article Title TickerReport

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.