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

Shares of SOLV Energy Inc. (NASDAQ:MWH) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $40.00.

Several research firms recently commented on MWH. Zacks Research upgraded SOLV Energy to a “hold” rating in a report on Tuesday, March 10th. Guggenheim lifted their price objective on SOLV Energy from $37.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. began coverage on SOLV Energy in a research note on Monday, March 9th. They set an “overweight” rating and a $34.00 price target for the company. UBS Group restated a “neutral” rating and set a $50.00 price target (up from $42.00) on shares of SOLV Energy in a research note on Thursday, May 14th. Finally, Roth Mkm began coverage on SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $35.00 price target for the company.

SOLV Energy Stock Down 5.3%

NASDAQ MWH opened at $32.63 on Wednesday. SOLV Energy has a one year low of $26.42 and a one year high of $48.40. The stock has a 50-day simple moving average of $37.08.

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.