SOLV Energy (NASDAQ:MWH) Price Target Raised to $38.00 at Canadian Imperial Bank of Commerce

SOLV Energy (NASDAQ:MWH) had its target price hoisted by Canadian Imperial Bank of Commerce from $37.00 to $38.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an outperformer rating on the stock.

Several other research firms also recently commented on MWH. Roth Mkm started coverage on shares of SOLV Energy in a report on Monday, March 9th. They issued a “buy” rating and a $35.00 target price on the stock. Jefferies Financial Group started coverage on shares of SOLV Energy in a report on Monday, March 9th. They issued a “buy” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of SOLV Energy in a report on Monday, March 9th. They issued an “overweight” rating and a $34.00 target price on the stock. Robert W. Baird began coverage on shares of SOLV Energy in a report on Monday, March 9th. They issued an “outperform” rating and a $36.00 target price on the stock. Finally, TD Cowen began coverage on shares of SOLV Energy in a research report on Monday, March 9th. They issued a “buy” rating and a $32.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.55.

SOLV Energy Trading Up 1.1%

MWH stock opened at $34.85 on Monday. SOLV Energy has a one year low of $26.42 and a one year high of $35.28. The stock has a fifty day moving average of $30.03.

SOLV Energy (NASDAQ:MWH) last released its earnings results on Thursday, March 19th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.15 by $0.15. The company’s revenue 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.