SOLV Energy Inc.’s (NASDAQ:MWH) Quiet Period Will End on March 23rd

SOLV Energy’s (NASDAQ:MWH) quiet period is set to expire on Monday, March 23rd. SOLV Energy had issued 20,500,000 shares in its IPO on February 11th. The total size of the offering was $512,500,000 based on an initial share price of $25.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of equities analysts have weighed in on MWH shares. TD Cowen assumed coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $32.00 price target on the stock. UBS Group assumed coverage on SOLV Energy in a report on Monday, March 9th. They set a “buy” rating and a $42.00 price objective for the company. Zacks Research raised SOLV Energy to a “hold” rating in a research report on Tuesday, March 10th. Roth Mkm started coverage on SOLV Energy in a report on Monday, March 9th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Jefferies Financial Group started coverage on SOLV Energy in a research report on Monday, March 9th. They set a “buy” rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, SOLV Energy currently has a consensus rating of “Buy” and a consensus target price of $35.10.

SOLV Energy Price Performance

Shares of MWH stock opened at $27.85 on Monday. SOLV Energy has a fifty-two week low of $26.42 and a fifty-two week high of $33.00.

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.