SOLV Energy Inc. (NASDAQ:MWH – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $28.81, but opened at $30.27. SOLV Energy shares last traded at $30.3390, with a volume of 177,580 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on MWH shares. Robert W. Baird lifted their price objective on SOLV Energy from $36.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce upped their price objective on shares of SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a research note on Monday, April 20th. UBS Group reissued a “neutral” rating and issued a $50.00 price objective (up from $42.00) on shares of SOLV Energy in a report on Thursday, May 14th. Guggenheim increased their target price on shares of SOLV Energy from $37.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, KeyCorp increased their price target on SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, SOLV Energy has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.
View Our Latest Stock Analysis on SOLV Energy
SOLV Energy Trading Up 2.6%
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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