Shares of SOLV Energy Inc. (NASDAQ:MWH – Get Free Report) saw unusually-high trading volume on Monday . Approximately 919,697 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 1,241,615 shares.The stock last traded at $32.2950 and had previously closed at $31.75.
Analysts Set New Price Targets
MWH has been the topic of a number of research analyst reports. UBS Group restated a “neutral” rating and issued a $50.00 price target (up from $42.00) on shares of SOLV Energy in a research note on Thursday, May 14th. JPMorgan Chase & Co. initiated coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued an “overweight” rating and a $34.00 price target on the stock. Roth Mkm initiated coverage on shares of SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $35.00 price target on the stock. Wall Street Zen upgraded shares of SOLV Energy to a “hold” rating in a research note on Sunday, February 22nd. Finally, Weiss Ratings initiated coverage on shares of SOLV Energy in a research note on Wednesday, June 3rd. They issued a “sell (d)” rating on the stock. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.00.
View Our Latest Stock Analysis on SOLV Energy
SOLV Energy Stock Performance
SOLV Energy (NASDAQ:MWH – Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.15 by $0.15. The business’s revenue for the quarter was up 80.0% on a year-over-year basis.
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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