SOLV Energy Inc. (NASDAQ:MWH) Given Consensus Rating of “Moderate Buy” by Brokerages

SOLV Energy Inc. (NASDAQ:MWH) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $40.00.

MWH has been the topic of several analyst reports. Zacks Research raised shares of SOLV Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday. Canadian Imperial Bank of Commerce raised their target price on SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a research note on Monday, April 20th. KeyCorp lifted their target price on SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. UBS Group reiterated a “neutral” rating and issued a $50.00 price target (up from $42.00) on shares of SOLV Energy in a research note on Thursday, May 14th. Finally, Weiss Ratings assumed coverage on SOLV Energy in a research note on Wednesday, June 3rd. They set a “sell (d)” rating for the company.

SOLV Energy Stock Performance

Shares of MWH stock opened at $30.09 on Thursday. The company has a fifty day moving average price of $30.63. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.07. SOLV Energy has a twelve month low of $23.83 and a twelve month high of $48.40.

Hedge Funds Weigh In On SOLV Energy

A hedge fund recently raised its stake in SOLV Energy stock. Bank of New York Mellon Corp increased its stake in SOLV Energy Inc. (NASDAQ:MWH) by 697.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,660 shares of the company’s stock after buying an additional 86,290 shares during the period. Bank of New York Mellon Corp owned about 0.08% of SOLV Energy worth $3,359,000 at the end of the most recent reporting period.

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.