JPMorgan Chase & Co. Begins Coverage on SOLV Energy (NASDAQ:MWH)

Key Points

• JPMorgan Chase initiated coverage on SOLV Energy with an "Overweight" rating and a $34.00 price target, implying about a 21.4% upside from the prior close.
• Multiple firms have also started coverage with positive views—ten analysts rate the stock a "Buy" and the consensus price target is $35.10, with individual targets ranging roughly $32–$36.
• SOLV shares traded up about 3.6% to $28.00 on the day (volume 173,867 vs. avg. 926,173), trading within a one-year range of $26.42–$33.00.

Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of SOLV Energy (NASDAQ:MWH - Get Free Report) in a report issued on Monday, Marketbeat Ratings reports. The firm set an "overweight" rating and a $34.00 price target on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 21.43% from the stock's previous close.

A number of other research analysts also recently issued reports on MWH. Wall Street Zen upgraded shares of SOLV Energy to a "hold" rating in a research report on Sunday, February 22nd. TD Cowen began coverage on SOLV Energy in a report on Monday. They set a "buy" rating and a $32.00 target price for the company. KeyCorp assumed coverage on SOLV Energy in a report on Monday. They issued an "overweight" rating and a $34.00 price target on the stock. Robert W. Baird initiated coverage on SOLV Energy in a research note on Monday. They issued an "outperform" rating and a $36.00 target price on the stock. Finally, Roth Mkm assumed coverage on SOLV Energy in a research note on Monday. They issued a "buy" rating and a $35.00 price target for the company. Ten analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, SOLV Energy has a consensus rating of "Buy" and an average price target of $35.10.

SOLV Energy Trading Up 3.6%

Shares of NASDAQ MWH traded up $0.96 during trading on Monday, reaching $28.00. The stock had a trading volume of 173,867 shares, 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.

Key Stories Impacting SOLV Energy

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

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.

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