SOLV Energy (NASDAQ:MWH) Upgraded to Strong-Buy at KeyCorp

Key Points

• KeyCorp upgraded SOLV Energy (NASDAQ:MWH) to a Strong-Buy in a report released Sunday.
• Multiple firms (JPMorgan, Wolfe, Jefferies, UBS, Evercore, etc.) have initiated coverage with buy/overweight/outperform ratings, giving SOLV an overall Buy consensus and an average target price of $35.10.
• Shares opened at $28.22 (up 4.4%), trading in a 1‑year range of $26.42–$33.00, implying roughly ~24% upside to the average target and up to ~49% upside to UBS’s $42 target.

SOLV Energy (NASDAQ:MWH - Get Free Report) was upgraded by equities research analysts at KeyCorp to a "strong-buy" rating in a report released on Sunday,Zacks.com reports.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. initiated coverage on SOLV Energy in a report on Monday. They issued an "overweight" rating and a $34.00 price target on the stock. Wolfe Research assumed coverage on SOLV Energy in a research report on Monday. They issued an "outperform" rating and a $35.00 target price on the stock. 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. UBS Group initiated coverage on shares of SOLV Energy in a research note on Monday. They set a "buy" rating and a $42.00 price target for the company. Finally, Evercore started coverage on shares of SOLV Energy in a research report on Monday. They issued an "outperform" rating and a $34.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, SOLV Energy has an average rating of "Buy" and an average target price of $35.10.

SOLV Energy Stock Up 4.4%

MWH stock opened at $28.22 on Friday. SOLV Energy has a 1 year low of $26.42 and a 1 year high of $33.00.

Key Headlines Impacting SOLV Energy

Here are the key news stories impacting SOLV Energy this week:

• Positive Sentiment: Jefferies initiated coverage with a "Buy" rating and a $32 price target (~13% implied upside). Article Title
• Positive Sentiment: JPMorgan started coverage at "Overweight" with a $34 price target (~20% upside), signaling institutional interest. Article Title
• Positive Sentiment: UBS initiated with a "Buy" and a $42 target (~49% upside), the most aggressive projection among the new reports. Article Title
• Positive Sentiment: Evercore gave an "Outperform" rating and a $34 target (~20% upside), adding to the cluster of buy-oriented starts. Article Title
• Positive Sentiment: Guggenheim initiated coverage at "Buy" with a $37 price target (~31% upside). Article Title
• Positive Sentiment: TD Cowen started coverage with a "Buy" and a $32 target (~13% upside). Article Title TickerReport
• Positive Sentiment: Robert W. Baird initiated at "Outperform" with a $36 target (~28% upside). Article Title
• Positive Sentiment: Wolfe Research started coverage at "Outperform" with a $35 target (~24% upside). Article Title
• Positive Sentiment: KeyCorp initiated at "Overweight" with a $34 target (~20% upside). Article Title
• Positive Sentiment: Roth MKM initiated coverage with a "Buy" and a $35 price target (~24% upside). Article Title TickerReport

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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