SOLV Energy Inc. (NASDAQ:MWH) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analysts' consensus is "Buy": ten analysts rate SOLV Energy (NASDAQ:MWH) a Buy with an average 1-year target of $35.10, implying notable upside versus recent trading levels.
• Multiple major firms just initiated coverage with positive calls — Jefferies, Roth MKM, Guggenheim, TD Cowen and UBS among them — issuing buy/outperform/overweight ratings and price targets ranging roughly from $32 to $42 (UBS highest).
• SOLV shares recently traded at about $28.48 (midday), with volume of 273,395 versus an average of 935,604 and a 12-month range of $26.42–$33.00; the company develops and operates commercial solar and energy storage projects.

Shares of SOLV Energy Inc. (NASDAQ:MWH - Get Free Report) have been given an average rating of "Buy" by the ten analysts that are covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $35.10.

Several research firms have weighed in on MWH. Jefferies Financial Group initiated coverage on SOLV Energy in a research note on Monday. They issued a "buy" rating and a $32.00 target price on the stock. Roth Mkm initiated coverage on SOLV Energy in a research note on Monday. They issued a "buy" rating and a $35.00 price target for the company. Guggenheim assumed coverage on shares of SOLV Energy in a research report on Monday. They issued a "buy" rating and a $37.00 price target on the stock. TD Cowen initiated coverage on shares of SOLV Energy in a research note on Monday. They set a "buy" rating and a $32.00 price objective on the stock. Finally, UBS Group assumed coverage on shares of SOLV Energy in a report on Monday. They set a "buy" rating and a $42.00 price objective for the company.

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

SOLV Energy Stock Performance

Shares of NASDAQ:MWH traded up $1.44 during midday trading on Monday, hitting $28.48. The company had a trading volume of 273,395 shares, compared to its average volume of 935,604. SOLV Energy has a 12 month low of $26.42 and a 12 month high of $33.00.

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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