SOLV Energy Inc. (NASDAQ:MWH) Receives Average Recommendation of “Moderate Buy” from Analysts

SOLV Energy Inc. (NASDAQ:MWH) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $40.00.

Several equities research analysts recently weighed in on the company. Weiss Ratings began coverage on SOLV Energy in a research note on Wednesday, June 3rd. They issued a “sell (d)” rating on the stock. KeyCorp boosted their target price on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. UBS Group reissued a “neutral” rating and issued a $50.00 price objective (up from $42.00) on shares of SOLV Energy in a research note on Thursday, May 14th. Robert W. Baird raised their price objective on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce boosted their price target on SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a report on Monday, April 20th.

SOLV Energy Trading Up 1.7%

SOLV Energy stock traded up $0.49 during midday trading on Friday, reaching $28.92. 1,106,381 shares of the stock were exchanged, compared to its average volume of 1,402,496. SOLV Energy has a 52 week low of $26.42 and a 52 week high of $48.40. The firm has a fifty day simple moving average of $36.12.

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.