SOLV Energy’s (MWH) Neutral Rating Reaffirmed at UBS Group

SOLV Energy (NASDAQ:MWH)‘s stock had its “neutral” rating reaffirmed by UBS Group in a research note issued to investors on Thursday,Benzinga reports. They currently have a $50.00 target price on the stock, up from their prior target price of $42.00. UBS Group’s target price points to a potential upside of 6.91% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Jefferies Financial Group initiated coverage on SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $32.00 price objective on the stock. Wolfe Research initiated coverage on SOLV Energy in a research note on Monday, March 9th. They issued an “outperform” rating and a $35.00 price objective on the stock. TD Cowen assumed coverage on SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $32.00 price objective on the stock. KeyCorp increased their price target on SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Roth Mkm assumed coverage on SOLV Energy in a research report on Monday, March 9th. They set a “buy” rating and a $35.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SOLV Energy has a consensus rating of “Moderate Buy” and a consensus target price of $38.82.

SOLV Energy Stock Performance

MWH stock opened at $46.77 on Thursday. SOLV Energy has a 1-year low of $26.42 and a 1-year high of $48.40. The firm has a 50 day moving average of $33.09.

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

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.