SOLV Energy Inc. (NASDAQ:MWH) Stock Has Consensus Price Target of $38.73

Key Points

• SOLV Energy has a “Moderate Buy” consensus from 13 analysts—10 buy, two hold and one sell—with an average 12-month price target of $38.73. Several firms recently adjusted targets, while generally maintaining positive ratings.
• Third-quarter revenue rose 64.9% year over year to $1.24 billion, and management’s FY 2026 revenue forecast of $4.03 billion–$4.12 billion tops analyst estimates. However, EPS of $0.53 missed the $0.59 consensus, and gross and adjusted EBITDA margins declined year over year.
• The shares recently traded at $27.81, below the consensus target; the stock has ranged from $20.30 to $48.40 over the past 12 months.

Shares of SOLV Energy Inc. (NASDAQ:MWH - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $38.73.

A number of equities analysts recently weighed in on MWH shares. KeyCorp dropped their target price on shares of SOLV Energy from $43.00 to $35.00 and set an "overweight" rating for the company in a research report on Thursday, October 15th. TD Cowen lifted their price target on shares of SOLV Energy from $32.00 to $35.00 and gave the company a "buy" rating in a report on Tuesday, August 25th. Robert W. Baird decreased their price target on shares of SOLV Energy from $50.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, August 14th. Zacks Research downgraded shares of SOLV Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 8th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $42.00 price objective on shares of SOLV Energy in a research report on Friday, August 14th.

Hedge Funds Weigh In On SOLV Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MWH. PEAK6 LLC purchased a new position in SOLV Energy during the 3rd quarter valued at approximately $762,000. Benjamin Edwards Inc. raised its holdings in shares of SOLV Energy by 11.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 59,065 shares of the company's stock worth $1,419,000 after acquiring an additional 6,249 shares in the last quarter. First Trust Advisors LP bought a new position in shares of SOLV Energy during the 3rd quarter valued at approximately $106,605,000. Voya Investment Management LLC bought a new position in shares of SOLV Energy during the 3rd quarter valued at approximately $733,000. Finally, Global Retirement Partners LLC grew its holdings in shares of SOLV Energy by 22,500.0% in the third quarter. Global Retirement Partners LLC now owns 1,582 shares of the company's stock valued at $38,000 after purchasing an additional 1,575 shares in the last quarter.

SOLV Energy Price Performance

MWH stock traded up $1.03 during midday trading on Friday, hitting $27.81. The company's stock had a trading volume of 2,576,668 shares, compared to its average volume of 1,933,906. SOLV Energy has a 12 month low of $20.30 and a 12 month high of $48.40. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.63 billion and a price-to-earnings ratio of 92.70. The company has a 50 day moving average of $25.04 and a two-hundred day moving average of $30.16.

SOLV Energy (NASDAQ:MWH - Get Free Report) last announced its quarterly earnings data on Thursday, November 12th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.06). The business had revenue of $1.24 billion for the quarter. The company's revenue was up 64.9% compared to the same quarter last year. On average, analysts expect that SOLV Energy will post 1.29 EPS for the current year.

Key Stories Impacting SOLV Energy

Investors following MWH have been watching these stories:

• Positive Sentiment: JPMorgan raised its price target to $36 from $34 and reiterated an “overweight” rating, signaling confidence in the shares’ prospects. JPMorgan ratings
• Positive Sentiment: Management forecast FY 2026 revenue of about $4.03 billion–$4.12 billion, above the roughly $3.93 billion analyst estimate. Q3 revenue climbed 64.9% year over year to $1.24 billion, while net income increased to $123 million from $70 million. SOLV Energy Q3 results
• Negative Sentiment: Q3 EPS was $0.53, missing the $0.59 consensus estimate. Gross margin fell to 17.8% from 19.7% a year earlier, and adjusted EBITDA margin declined to 13.9% from 16.1%, tempering the strong revenue growth. SOLV Energy Q3 earnings coverage

About SOLV Energy

SOLV Energy is a U.S. renewable energy contractor that develops, builds and maintains utility-scale solar power and battery storage projects. Its services include engineering, procurement and construction, as well as operations and maintenance for energy facilities. The company serves customers across the United States, supporting projects from construction through ongoing operation. Its business also includes work on related electrical infrastructure. SOLV Energy traces its roots to Swinerton Renewable Energy, which became an independent company under the SOLV Energy name in 2021.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.