SOLV Energy (NASDAQ:MWH) Coverage Initiated by Analysts at Guggenheim

Guggenheim started coverage on shares of SOLV Energy (NASDAQ:MWH) in a report released on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $37.00 target price on the stock.

A number of other research firms have also recently commented on MWH. Wolfe Research initiated coverage on SOLV Energy in a report on Monday. They set an “outperform” rating and a $35.00 price target on the stock. Roth Mkm began coverage on SOLV Energy in a research note on Monday. They issued a “buy” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on SOLV Energy in a research note on Monday. They set an “overweight” rating and a $34.00 target price on the stock. TD Cowen started coverage on SOLV Energy in a report on Monday. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Jefferies Financial Group began coverage on SOLV Energy in a research note on Monday. They issued a “buy” rating and a $32.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating, According to MarketBeat, SOLV Energy presently has a consensus rating of “Buy” and an average target price of $35.10.

SOLV Energy Stock Performance

Shares of SOLV Energy stock opened at $28.22 on Monday. SOLV Energy has a fifty-two week low of $26.42 and a fifty-two week high of $33.00.

Key Stories Impacting SOLV Energy

Here are the key news stories impacting SOLV Energy this week:

• Positive Sentiment: Jefferies initiated coverage with a “Buy” rating and a $32 price target (~13% implied upside). Article Title
• Positive Sentiment: JPMorgan started coverage at “Overweight” with a $34 price target (~20% upside), signaling institutional interest. Article Title
• Positive Sentiment: UBS initiated with a “Buy” and a $42 target (~49% upside), the most aggressive projection among the new reports. Article Title
• Positive Sentiment: Evercore gave an “Outperform” rating and a $34 target (~20% upside), adding to the cluster of buy-oriented starts. Article Title
• Positive Sentiment: Guggenheim initiated coverage at “Buy” with a $37 price target (~31% upside). Article Title
• Positive Sentiment: TD Cowen started coverage with a “Buy” and a $32 target (~13% upside). Article Title TickerReport
• Positive Sentiment: Robert W. Baird initiated at “Outperform” with a $36 target (~28% upside). Article Title
• Positive Sentiment: Wolfe Research started coverage at “Outperform” with a $35 target (~24% upside). Article Title
• Positive Sentiment: KeyCorp initiated at “Overweight” with a $34 target (~20% upside). Article Title
• Positive Sentiment: Roth MKM initiated coverage with a “Buy” and a $35 price target (~24% upside). Article Title TickerReport

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.