SOLV Energy (NASDAQ:MWH) Sees Large Volume Increase – Still a Buy?

SOLV Energy Inc. (NASDAQ:MWH) saw unusually-high trading volume on Friday . Approximately 2,815,689 shares were traded during mid-day trading, an increase of 172% from the previous session’s volume of 1,034,550 shares.The stock last traded at $36.16 and had previously closed at $36.71.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Roth Mkm assumed coverage on shares of SOLV Energy in a report on Monday, March 9th. They issued a “buy” rating and a $35.00 price objective on the stock. UBS Group reiterated a “neutral” rating and issued a $50.00 price objective (up from $42.00) on shares of SOLV Energy in a report on Thursday, May 14th. TD Cowen assumed coverage on shares of SOLV Energy in a report on Monday, March 9th. They issued a “buy” rating and a $32.00 price objective on the stock. Robert W. Baird boosted their price objective on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of SOLV Energy to a “hold” rating in a report on Sunday, February 22nd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, SOLV Energy has an average rating of “Moderate Buy” and a consensus price target of $40.00.

SOLV Energy Stock Down 3.0%

The stock has a fifty day moving average of $35.45.

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

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.