SOLV Energy (NASDAQ:MWH) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of SOLV Energy (NASDAQ:MWH) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on MWH. Robert W. Baird boosted their price objective on shares of SOLV Energy from $36.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. KeyCorp lifted their price target on SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce boosted their price target on SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a research note on Monday, April 20th. Guggenheim increased their price objective on SOLV Energy from $37.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings initiated coverage on SOLV Energy in a research note on Wednesday, June 3rd. They issued a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

SOLV Energy Stock Performance

Shares of SOLV Energy stock opened at $30.28 on Monday. The company’s 50 day moving average is $30.73. SOLV Energy has a 12-month low of $23.83 and a 12-month high of $48.40. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in SOLV Energy stock. Bank of New York Mellon Corp lifted its position in shares of SOLV Energy Inc. (NASDAQ:MWH) by 697.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,660 shares of the company’s stock after purchasing an additional 86,290 shares during the quarter. Bank of New York Mellon Corp owned 0.08% of SOLV Energy worth $3,359,000 as of its most recent SEC filing.

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.