Evercore Begins Coverage on SOLV Energy (NASDAQ:MWH)

Key Points

• Evercore initiated coverage on SOLV Energy (NASDAQ:MWH) with an "Outperform" rating and a $34 price target, implying roughly a 21% upside from the stock's recent trade near $28.
• Several other firms also began coverage (JPMorgan, Roth MKM, TD Cowen, Robert W. Baird, UBS, etc.), leaving a consensus of ten analysts at a "Buy" and a consensus price target of $35.10 (analytic range about $32–$42).

Equities researchers at Evercore started coverage on shares of SOLV Energy (NASDAQ:MWH - Get Free Report) in a report released on Monday. The firm set an "outperform" rating and a $34.00 price target on the stock. Evercore's target price would suggest a potential upside of 21.43% from the stock's current price.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. began coverage on SOLV Energy in a report on Monday. They set an "overweight" rating and a $34.00 price target for the company. Roth Mkm initiated coverage on SOLV Energy in a research note on Monday. They issued a "buy" rating and a $35.00 price objective on the stock. TD Cowen started coverage on SOLV Energy in a research report on Monday. They set a "buy" rating and a $32.00 target price on the stock. Robert W. Baird began coverage on SOLV Energy in a research note on Monday. They set an "outperform" rating and a $36.00 target price for the company. Finally, UBS Group assumed coverage on SOLV Energy in a research note on Monday. They issued a "buy" rating and a $42.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $35.10.

SOLV Energy Price Performance

NASDAQ MWH traded up $0.96 during mid-day trading on Monday, reaching $28.00. 173,867 shares of the stock were exchanged, compared to its average volume of 926,173. SOLV Energy has a one year low of $26.42 and a one year high of $33.00.

SOLV Energy News Summary

Here are the key news stories impacting SOLV Energy this week:

• Positive Sentiment: TD Cowen initiated coverage with a "Buy" rating and a $32.00 price target (about an 18% upside vs. $27.04).
• Positive Sentiment: Robert W. Baird started coverage with an "Outperform" rating and a $36.00 price target (about a 33% upside). Benzinga
• Positive Sentiment: Wolfe Research initiated coverage with an "Outperform" rating and a $35.00 price target (about a 29% upside). Benzinga
• Positive Sentiment: KeyCorp began coverage with an "Overweight" rating and a $34.00 price target (about a 26% upside). Benzinga
• Positive Sentiment: Roth MKM initiated with a "Buy" rating and a $35.00 price target (about a 29% upside). Benzinga TickerReport

About SOLV Energy

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.

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