SOLV Energy (NASDAQ:MWH) Sets New 1-Year Low – Time to Sell?

SOLV Energy Inc. (NASDAQ:MWH) shares reached a new 52-week low on Tuesday . The company traded as low as $26.10 and last traded at $25.8720, with a volume of 28685 shares. The stock had previously closed at $28.06.

Analyst Ratings Changes

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

SOLV Energy Stock Performance

The stock has a 50 day moving average price of $32.29.

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.