SOLV Energy (NASDAQ:MWH) Price Target Raised to $36.00

SOLV Energy (NASDAQ:MWH) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $34.00 to $36.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 29.78% from the stock’s current price.

A number of other equities analysts have also recently issued reports on MWH. Zacks Research cut shares of SOLV Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. TD Cowen increased their price target on SOLV Energy from $32.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Weiss Ratings lowered shares of SOLV Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Robert W. Baird decreased their target price on shares of SOLV Energy from $50.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $42.00 price target on shares of SOLV Energy in a research note on Friday, August 14th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.73.

SOLV Energy Price Performance

SOLV Energy stock traded up $0.96 during midday trading on Friday, reaching $27.74. 1,312,446 shares of the stock were exchanged, compared to its average volume of 1,570,696. The company’s fifty day moving average is $24.97 and its 200-day moving average is $30.17. SOLV Energy has a 52 week low of $20.30 and a 52 week high of $48.40. The firm has a market cap of $5.61 billion and a PE ratio of 92.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.09 and a current ratio of 1.09.

SOLV Energy (NASDAQ:MWH) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). The business had revenue of $1.24 billion for the quarter. The firm’s revenue was up 64.9% compared to the same quarter last year. On average, sell-side analysts forecast that SOLV Energy will post 1.29 EPS for the current year.

Institutional Investors Weigh In On SOLV Energy

Several institutional investors have recently modified their holdings of the stock. American Securities LLC purchased a new stake in shares of SOLV Energy in the second quarter worth approximately $2,823,440,000. First Trust Advisors LP bought a new position in shares of SOLV Energy during the 3rd quarter worth $106,605,000. Ninety One UK Ltd increased its position in SOLV Energy by 422.7% during the 3rd quarter. Ninety One UK Ltd now owns 1,532,243 shares of the company’s stock valued at $36,804,000 after purchasing an additional 1,239,122 shares during the period. Neumeier Poma Investment Counsel LLC purchased a new stake in SOLV Energy during the second quarter worth $18,320,262. Finally, Ninety One North America Inc. grew its position in shares of SOLV Energy by 317.4% in the 3rd quarter. Ninety One North America Inc. now owns 283,807 shares of the company’s stock worth $6,817,000 after buying an additional 215,812 shares during the last quarter.

Latest SOLV Energy News

Investors following MWH have been watching these news items:

• Positive Sentiment: Third-quarter revenue climbed 64.9% year over year to $1.24 billion, while net income rose to $123 million from $70 million. SOLV Energy Q3 financial results
• Positive Sentiment: Management forecast 2026 revenue of approximately $4.03 billion–$4.12 billion, above FactSet’s $3.93 billion consensus, signaling confidence in continued growth. 2026 revenue outlook
• Negative Sentiment: Q3 EPS was $0.53, below the $0.59 analyst consensus. Gross margin also narrowed to 17.8% from 19.7% a year earlier, and adjusted EBITDA margin fell to 13.9% from 16.1%, raising concerns about profitability amid rapid growth. Q3 revenue and EPS report

About SOLV Energy

SOLV Energy is a U.S. renewable energy contractor that develops, builds and maintains utility-scale solar power and battery storage projects. Its services include engineering, procurement and construction, as well as operations and maintenance for energy facilities. The company serves customers across the United States, supporting projects from construction through ongoing operation. Its business also includes work on related electrical infrastructure. SOLV Energy traces its roots to Swinerton Renewable Energy, which became an independent company under the SOLV Energy name in 2021.