SOLV Energy (NASDAQ:MWH) Reaches New 52-Week Low – Should You Sell?

SOLV Energy Inc. (NASDAQ:MWH)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $26.10 and last traded at $25.8720, with a volume of 28685 shares. The stock had previously closed at $28.06.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MWH shares. Weiss Ratings began coverage on shares of SOLV Energy in a research report on Wednesday, June 3rd. They set a “sell (d)” rating for the company. Canadian Imperial Bank of Commerce boosted their target price on shares of SOLV Energy from $37.00 to $38.00 and gave the stock an “outperformer” rating in a report on Monday, April 20th. Guggenheim lifted their price target on shares of SOLV Energy from $37.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Robert W. Baird upped their price target on SOLV Energy from $36.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, UBS Group reiterated a “neutral” rating and set a $50.00 price objective (up from $42.00) on shares of SOLV Energy in a research report on Thursday, May 14th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SOLV Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

SOLV Energy Stock Down 7.6%

The stock has a fifty day moving average price of $32.83.

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.