SOLV Energy Sees Unusually Large Options Volume (NASDAQ:MWH)

SOLV Energy Inc. (NASDAQ:MWH) was the target of some unusual options trading on Friday. Investors purchased 2,333 call options on the stock. This represents an increase of approximately 23,230% compared to the average daily volume of 10 call options.

SOLV Energy Stock Performance

Shares of NASDAQ:MWH traded up $0.34 during trading hours on Friday, hitting $28.77. The company’s stock had a trading volume of 152,756 shares, compared to its average volume of 1,392,718. The company’s fifty day moving average is $36.30. SOLV Energy has a 52 week low of $26.42 and a 52 week high of $48.40.

Analysts Set New Price Targets

MWH has been the topic of several recent analyst reports. Guggenheim increased their price target on SOLV Energy from $37.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. KeyCorp upped their price objective on SOLV Energy from $36.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings started coverage on SOLV Energy in a research note on Wednesday, June 3rd. They issued a “sell (d)” rating on the stock. Canadian Imperial Bank of Commerce lifted their target price on SOLV Energy from $37.00 to $38.00 and gave the stock an “outperformer” rating in a research report on Monday, April 20th. Finally, Robert W. Baird upped their price target on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

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.