SOLV Energy (NASDAQ:MWH) Now Covered by Analysts at Jefferies Financial Group

Key Points

• Jefferies Financial Group initiated coverage of SOLV Energy (NASDAQ:MWH) with a Buy rating and a $32.00 price target, implying about a 14.3% upside from the prior close.
• Multiple brokers have also begun coverage with largely positive stances—ten analysts rate the stock a Buy and the consensus price target is approximately $35.10, with individual targets as high as $36.00.
• Shares traded at $28.00 on Monday (volume 173,867 vs. average 926,173) and the 52‑week range is $26.42 to $33.00.

Jefferies Financial Group assumed coverage on shares of SOLV Energy (NASDAQ:MWH - Get Free Report) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $32.00 price target on the stock. Jefferies Financial Group's target price suggests a potential upside of 14.29% from the stock's previous close.

A number of other equities research analysts have also commented on MWH. Wall Street Zen raised shares of SOLV Energy to a "hold" rating in a report on Sunday, February 22nd. TD Cowen started coverage on shares of SOLV Energy in a research report on Monday. They set a "buy" rating and a $32.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of SOLV Energy in a research report on Monday. They issued an "overweight" rating and a $34.00 price objective for the company. KeyCorp started coverage on SOLV Energy in a research report on Monday. They issued an "overweight" rating and a $34.00 price objective on the stock. Finally, Robert W. Baird assumed coverage on SOLV Energy in a research note on Monday. They set an "outperform" rating and a $36.00 price target on the stock. Ten analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $35.10.

SOLV Energy Stock Performance

Shares of MWH stock traded up $0.96 during trading hours on Monday, hitting $28.00. 173,867 shares of the company's stock were exchanged, compared to its average volume of 926,173. SOLV Energy has a 52 week low of $26.42 and a 52 week high of $33.00.

Key SOLV Energy News

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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