Analysts Set SOLV Energy Inc. (NASDAQ:MWH) Target Price at $35.10

Shares of SOLV Energy Inc. (NASDAQ:MWH) have earned an average recommendation of “Buy” from the eleven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.10.

A number of brokerages recently commented on MWH. KeyCorp initiated coverage on SOLV Energy in a report on Monday, March 9th. They issued an “overweight” rating and a $34.00 target price on the stock. Robert W. Baird initiated coverage on SOLV Energy in a research report on Monday, March 9th. They issued an “outperform” rating and a $36.00 price target for the company. Roth Mkm initiated coverage on SOLV Energy in a research note on Monday, March 9th. They issued a “buy” rating and a $35.00 price objective on the stock. Jefferies Financial Group initiated coverage on SOLV Energy in a research report on Monday, March 9th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, UBS Group initiated coverage on SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $42.00 price objective for the company.

SOLV Energy Price Performance

Shares of MWH stock opened at $27.85 on Monday. SOLV Energy has a 1 year low of $26.42 and a 1 year high of $33.00.

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.