SOLV Energy (NASDAQ:MWH) Now Covered by Analysts at KeyCorp

Key Points

• KeyCorp initiated coverage on SOLV Energy (NASDAQ:MWH) with an overweight rating and a $34 price target, implying roughly a 25.7% upside from the current price.
• Roth MKM ($35 target) and Robert W. Baird ($36 target) also began coverage this week, leaving SOLV with an average analyst Buy rating and an average target of $35.
• MWH opened at $27.04 (down about 5%), trading near its 12‑month low of $26.60, and the company develops, constructs and operates commercial-scale solar and energy storage projects.

Analysts at KeyCorp began coverage on shares of SOLV Energy (NASDAQ:MWH - Get Free Report) in a research report issued on Monday,Benzinga reports. The firm set an "overweight" rating and a $34.00 price target on the stock. KeyCorp's price objective would suggest a potential upside of 25.74% from the stock's current price.

A number of other research analysts have also recently issued reports on the stock. Roth Mkm began coverage on shares of SOLV Energy in a research report on Monday. They set a "buy" rating and a $35.00 price target for the company. Robert W. Baird started coverage on shares of SOLV Energy in a report on Monday. They issued an "outperform" rating and a $36.00 price objective on the stock. Finally, Wall Street Zen raised shares of SOLV Energy to a "hold" rating in a research note on Sunday, February 22nd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, SOLV Energy has an average rating of "Buy" and an average target price of $35.00.

SOLV Energy Stock Down 5.0%

Shares of MWH stock opened at $27.04 on Monday. SOLV Energy has a 12 month low of $26.60 and a 12 month 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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