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

SOLV Energy Inc. (NASDAQ:MWH) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $38.8182.

Several equities analysts have recently commented on MWH shares. TD Cowen initiated coverage on shares of SOLV Energy in a report on Monday, March 9th. They set a “buy” rating and a $32.00 price target on the stock. Guggenheim initiated coverage on shares of SOLV Energy in a report on Monday, March 9th. They issued a “buy” rating and a $37.00 price objective for the company. UBS Group reiterated a “neutral” rating and issued a $50.00 price objective (up from $42.00) on shares of SOLV Energy in a report on Thursday, May 14th. Roth Mkm began coverage on shares of SOLV Energy in a report on Monday, March 9th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th.

SOLV Energy Stock Up 0.8%

MWH stock opened at $38.44 on Friday. SOLV Energy has a one year low of $26.42 and a one year high of $48.40. The firm’s 50-day moving average price is $34.71.

SOLV Energy (NASDAQ:MWH) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.15. The business’s 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.