Green Alpha Advisors LLC Makes New Investment in SOLV Energy Inc. $MWH

Key Points

• Green Alpha Advisors initiated a position in SOLV Energy during the third quarter, buying 45,466 shares valued at approximately $1.09 million. Several other institutional investors also established new positions.
• SOLV Energy reported quarterly EPS of $0.30, exceeding the $0.26 consensus estimate, while revenue rose 77.4% year over year to $951.24 million.
• The stock recently traded near $25.69, well below its 52-week high of $48.40. Despite mixed analyst actions, the shares carry a consensus “Moderate Buy” rating and an average price target of $39.91.

Green Alpha Advisors LLC purchased a new position in shares of SOLV Energy Inc. (NASDAQ:MWH - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,466 shares of the company's stock, valued at approximately $1,092,000.

Several other large investors have also modified their holdings of MWH. Tidal Investments LLC purchased a new position in SOLV Energy during the 2nd quarter worth approximately $1,675,000. Maven Securities LTD acquired a new position in shares of SOLV Energy in the 2nd quarter valued at $535,000. Squarepoint Ops LLC purchased a new stake in SOLV Energy in the 2nd quarter valued at $4,037,000. Arizona State Retirement System acquired a new stake in SOLV Energy during the 2nd quarter worth $222,000. Finally, American Securities LLC purchased a new position in SOLV Energy during the 2nd quarter worth $2,823,440,000.

SOLV Energy Price Performance

SOLV Energy stock traded down $0.06 during trading hours on Thursday, hitting $25.69. The stock had a trading volume of 1,387,780 shares, compared to its average volume of 1,542,451. SOLV Energy Inc. has a 1-year low of $23.36 and a 1-year high of $48.40. The stock has a market capitalization of $5.20 billion and a price-to-earnings ratio of 85.63. The stock's fifty day moving average is $26.94 and its two-hundred day moving average is $31.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.09 and a quick ratio of 1.09.

SOLV Energy (NASDAQ:MWH - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. The business had revenue of $951.24 million during the quarter. The business's revenue was up 77.4% compared to the same quarter last year. As a group, analysts predict that SOLV Energy Inc. will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MWH has been the subject of several recent research reports. Zacks Research downgraded shares of SOLV Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 8th. Canadian Imperial Bank of Commerce reissued an "outperform" rating and issued a $42.00 target price on shares of SOLV Energy in a report on Friday, August 14th. Robert W. Baird lowered their price objective on shares of SOLV Energy from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Friday, August 14th. Weiss Ratings downgraded shares of SOLV Energy from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, September 25th. Finally, TD Cowen lifted their target price 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. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.91.

About SOLV Energy

SOLV Energy is a renewable-energy services company focused on the development, construction, operation and maintenance of utility-scale solar power and energy-storage projects. The company provides engineering, procurement and construction services, helping project owners design and build large photovoltaic generation facilities and battery-storage systems.

In addition to project construction, SOLV Energy offers operations and maintenance, asset management, monitoring and technical services intended to support the long-term performance and reliability of renewable-energy assets.

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