SOLV Energy (NASDAQ:MWH) Coverage Initiated at Roth Mkm

Key Points

• Roth Mkm initiated coverage on SOLV Energy (NASDAQ:MWH) with a Buy rating and a $35.00 price target, implying about a 29.4% upside from the prior close.
• Four analysts now rate the stock a Buy with an average target of $35.00, while shares opened at $27.04 and were down roughly 5%, trading near their 1-year low (~$26.60).
• SOLV Energy develops, constructs and operates commercial-scale and distributed solar plus battery storage projects, providing end-to-end services from design and procurement to operations and maintenance.

Research analysts at Roth Mkm initiated coverage on shares of SOLV Energy (NASDAQ:MWH - Get Free Report) in a report issued on Monday,Benzinga reports. The firm set a "buy" rating and a $35.00 price target on the stock. Roth Mkm's price objective indicates a potential upside of 29.44% from the company's previous close.

Separately, Wall Street Zen upgraded SOLV Energy to a "hold" rating in a research report on Sunday, February 22nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $35.00.

SOLV Energy Stock Down 5.0%

Shares of NASDAQ:MWH opened at $27.04 on Monday. SOLV Energy has a 1-year low of $26.60 and a 1-year high of $33.00.

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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