Brokerages Set SOLV Energy Inc. (NASDAQ:MWH) Price Target at $40.00

SOLV Energy Inc. (NASDAQ:MWH) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $40.00.

MWH has been the subject of a number of research analyst reports. KeyCorp boosted their price target on SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Robert W. Baird raised their price objective on SOLV Energy from $36.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Guggenheim lifted their target price on SOLV Energy from $37.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Canadian Imperial Bank of Commerce boosted their target price on SOLV Energy from $37.00 to $38.00 and gave the stock an “outperformer” rating in a research note on Monday, April 20th. Finally, UBS Group reissued a “neutral” rating and issued a $50.00 target price (up from $42.00) on shares of SOLV Energy in a report on Thursday, May 14th.

SOLV Energy Stock Performance

Shares of MWH stock opened at $28.41 on Friday. The firm has a fifty day simple moving average of $34.74. SOLV Energy has a fifty-two week low of $26.42 and a fifty-two week high of $48.40.

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.