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

Shares of SOLV Energy Inc. (NASDAQ:MWH) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $35.5455.

Several brokerages have recently commented on MWH. UBS Group began coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $42.00 target price on the stock. Canadian Imperial Bank of Commerce boosted their target price on shares of SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a research note on Monday, April 20th. TD Cowen began coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $32.00 target price on the stock. Robert W. Baird began coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued an “outperform” rating and a $36.00 target price on the stock. Finally, Jefferies Financial Group began coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $32.00 target price on the stock.

SOLV Energy Stock Performance

Shares of NASDAQ:MWH opened at $37.99 on Tuesday. SOLV Energy has a 52 week low of $26.42 and a 52 week high of $39.42. The firm has a fifty day moving average price of $30.80.

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

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.