SOLV Energy (NASDAQ:MWH) Earns Neutral Rating from UBS Group

SOLV Energy (NASDAQ:MWH)‘s stock had its “neutral” rating reaffirmed by investment analysts at UBS Group in a research note issued to investors on Thursday, MarketBeat reports. They currently have a $50.00 target price on the stock, up from their previous target price of $42.00. UBS Group’s price target suggests a potential upside of 15.10% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Canadian Imperial Bank of Commerce boosted 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. Roth Mkm started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $35.00 price objective for the company. Wolfe Research started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set an “outperform” rating and a $35.00 price objective for the company. Wall Street Zen raised shares of SOLV Energy to a “hold” rating in a research note on Sunday, February 22nd. Finally, Guggenheim started coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $37.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.82.

SOLV Energy Price Performance

Shares of NASDAQ MWH opened at $43.44 on Thursday. SOLV Energy has a fifty-two week low of $26.42 and a fifty-two week high of $48.40. The company has a fifty day moving average of $33.66.

SOLV Energy (NASDAQ:MWH) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. The firm’s quarterly revenue was up 80.0% compared to the same quarter last year.

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.