SOLV Energy (NASDAQ:MWH) Upgraded by Zacks Research to “Strong-Buy” Rating

SOLV Energy (NASDAQ:MWH) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

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

SOLV Energy Trading Up 5.6%

NASDAQ MWH opened at $30.28 on Monday. SOLV Energy has a fifty-two week low of $23.83 and a fifty-two week high of $48.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50 day simple moving average of $30.73.

Institutional Investors Weigh In On SOLV Energy

An institutional investor recently raised its stake in SOLV Energy stock. Bank of New York Mellon Corp increased its position in SOLV Energy Inc. (NASDAQ:MWH) by 697.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,660 shares of the company’s stock after purchasing an additional 86,290 shares during the period. Bank of New York Mellon Corp owned 0.08% of SOLV Energy worth $3,359,000 at the end of the most recent reporting period.

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.