SOLV Energy Inc.’s Quiet Period Set To Expire on March 23rd (NASDAQ:MWH)

SOLV Energy’s (NASDAQ:MWH) quiet period is set to end on Monday, March 23rd. SOLV Energy had issued 20,500,000 shares in its initial public offering on February 11th. The total size of the offering was $512,500,000 based on an initial share price of $25.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

MWH has been the subject of a number of research reports. UBS Group started coverage on shares of SOLV Energy in a report on Monday, March 9th. They issued a “buy” rating and a $42.00 price objective for the company. Guggenheim assumed coverage on shares of SOLV Energy in a report on Monday, March 9th. They set a “buy” rating and a $37.00 target price on the stock. TD Cowen started coverage on shares of SOLV Energy in a research report on Monday, March 9th. They issued a “buy” rating and a $32.00 price target for the company. Wall Street Zen raised shares of SOLV Energy to a “hold” rating in a research note on Sunday, February 22nd. Finally, KeyCorp assumed coverage on shares of SOLV Energy in a report on Monday, March 9th. They set an “overweight” rating and a $34.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, SOLV Energy currently has an average rating of “Buy” and a consensus price target of $35.10.

SOLV Energy Trading Up 2.9%

MWH stock opened at $30.00 on Wednesday. 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.