Shares of SOLV Energy Inc. (NASDAQ:MWH – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $48.40 and last traded at $45.8550, with a volume of 278227 shares trading hands. The stock had previously closed at $44.83.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. UBS Group began coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $42.00 price objective on the stock. Guggenheim initiated coverage on shares of SOLV Energy in a report on Monday, March 9th. They set a “buy” rating and a $37.00 price target for the company. TD Cowen assumed coverage on shares of SOLV Energy in a research report on Monday, March 9th. They set a “buy” rating and a $32.00 price target on the stock. Wolfe Research started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued an “outperform” rating and a $35.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on shares of SOLV Energy in a research report on Monday, March 9th. They set a “buy” rating and a $32.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, SOLV Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.55.
Read Our Latest Stock Analysis on SOLV Energy
SOLV Energy Trading Up 1.7%
SOLV Energy (NASDAQ:MWH – Get Free Report) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.15. The company’s quarterly revenue was up 80.0% compared to the same quarter last year.
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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