SOLV Energy (NASDAQ:MWH) Now Covered by Wolfe Research

Key Points

• Wolfe Research initiated coverage of SOLV Energy (NASDAQ:MWH) with an "outperform" rating and a $35.00 price target, implying roughly 29.4% upside from current levels.
• Several other brokerages (Robert W. Baird, Roth MKM, KeyCorp) also began coverage this week, leaving the stock with a consensus "Buy" rating and a consensus price target of $35.00.
• SOLV shares opened at $27.04 (52‑week range $26.60–$33.00); the company develops, constructs and operates commercial solar and energy storage projects for business, institutional and public sector clients.

Investment analysts at Wolfe Research initiated coverage on shares of SOLV Energy (NASDAQ:MWH - Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The brokerage set an "outperform" rating and a $35.00 price target on the stock. Wolfe Research's price objective indicates a potential upside of 29.44% from the stock's current price.

MWH has been the subject of a number of other research reports. 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 target for the company. Roth Mkm assumed coverage on SOLV Energy in a research report on Monday. They set a "buy" rating and a $35.00 target price on the stock. Wall Street Zen raised shares of SOLV Energy to a "hold" rating in a research report on Sunday, February 22nd. Finally, KeyCorp began coverage on SOLV Energy in a research note on Monday. They issued an "overweight" rating and a $34.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $35.00.

SOLV Energy Price Performance

Shares of NASDAQ:MWH opened at $27.04 on Monday. SOLV Energy has a 52 week low of $26.60 and a 52 week 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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