SOLV Energy (NASDAQ:MWH) Given New $50.00 Price Target at KeyCorp

SOLV Energy (NASDAQ:MWH) had its price target upped by analysts at KeyCorp from $36.00 to $50.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 9.08% from the stock’s current price.

MWH has been the subject of several other reports. Wolfe Research assumed coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set an “outperform” rating and a $35.00 price objective for the company. Wall Street Zen upgraded shares of SOLV Energy to a “hold” rating in a research note on Sunday, February 22nd. UBS Group started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $42.00 target price for the company. Zacks Research upgraded shares of SOLV Energy to a “hold” rating in a research note on Tuesday, March 10th. Finally, Evercore started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued an “outperform” rating and a $34.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.09.

SOLV Energy Stock Up 2.3%

MWH opened at $45.84 on Wednesday. SOLV Energy has a 52-week low of $26.42 and a 52-week high of $48.40. The stock’s 50 day simple moving average is $32.79.

SOLV Energy (NASDAQ:MWH) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.15. The company’s quarterly revenue was up 80.0% compared to the same quarter last year.

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.