SOLV Energy Inc. (NASDAQ:MWH) Receives $35.10 Average PT from Analysts

Shares of SOLV Energy Inc. (NASDAQ:MWH) have been given a consensus rating of “Buy” by the eleven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $35.10.

A number of research firms have recently commented on MWH. KeyCorp started coverage on shares of SOLV Energy in a research report on Monday, March 9th. They issued an “overweight” rating and a $34.00 price target on the stock. TD Cowen began coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $32.00 target price on the stock. UBS Group started coverage on shares of SOLV Energy in a research report on Monday, March 9th. They set a “buy” rating and a $42.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of SOLV Energy in a report on Monday, March 9th. They set an “overweight” rating and a $34.00 price target for the company. Finally, Zacks Research raised SOLV Energy to a “hold” rating in a research report on Tuesday, March 10th.

SOLV Energy Stock Performance

MWH opened at $29.72 on Friday. SOLV Energy has a 52-week low of $26.42 and a 52-week high of $33.00.

SOLV Energy (NASDAQ:MWH) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. The firm’s revenue for the quarter 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.