SOLV Energy Inc. (NASDAQ:MWH – Get Free Report) was the recipient of some unusual options trading on Friday. Investors purchased 2,333 call options on the company. This represents an increase of approximately 23,230% compared to the typical daily volume of 10 call options.
SOLV Energy Stock Up 1.7%
Shares of SOLV Energy stock traded up $0.49 during trading hours on Friday, reaching $28.92. 1,106,381 shares of the company’s stock were exchanged, compared to its average volume of 1,402,496. The firm has a fifty day moving average price of $36.12. SOLV Energy has a 1 year low of $26.42 and a 1 year high of $48.40.
Analysts Set New Price Targets
Several equities research analysts recently commented on MWH shares. UBS Group reissued a “neutral” rating and issued a $50.00 price target (up from $42.00) on shares of SOLV Energy in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce increased their price objective on shares of SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a report on Monday, April 20th. KeyCorp lifted their target price on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Robert W. Baird boosted their target price on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Guggenheim upped their price target on shares of SOLV Energy from $37.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.00.
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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