SOLV Energy (NASDAQ:MWH) Stock Price Target Raised at JPMorgan Chase & Co.

SOLV Energy (NASDAQ:MWH) had its target price increased by JPMorgan Chase & Co. from $34.00 to $36.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

MWH has been the subject of a number of other reports. Zacks Research lowered shares of SOLV Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. TD Cowen raised their price target on SOLV Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Weiss Ratings downgraded SOLV Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of SOLV Energy in a report on Friday, August 14th. Finally, KeyCorp reduced their price objective on SOLV Energy from $43.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.73.

SOLV Energy Stock Performance

Shares of MWH traded up $1.03 during mid-day trading on Friday, hitting $27.81. 2,576,668 shares of the company traded hands, compared to its average volume of 1,933,906. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day moving average price of $25.04 and a two-hundred day moving average price of $30.16. SOLV Energy has a 1 year low of $20.30 and a 1 year high of $48.40. The stock has a market cap of $5.63 billion and a price-to-earnings ratio of 92.70.

SOLV Energy (NASDAQ:MWH) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). The company had revenue of $1.24 billion for the quarter. The company’s quarterly revenue was up 64.9% on a year-over-year basis. Equities analysts anticipate that SOLV Energy will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On SOLV Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. American Securities LLC bought a new position in SOLV Energy in the second quarter worth approximately $2,823,440,000. First Trust Advisors LP purchased a new position in shares of SOLV Energy during the 3rd quarter worth $106,605,000. Ninety One UK Ltd boosted its stake in shares of SOLV Energy by 422.7% during the 3rd quarter. Ninety One UK Ltd now owns 1,532,243 shares of the company’s stock worth $36,804,000 after acquiring an additional 1,239,122 shares during the last quarter. Neumeier Poma Investment Counsel LLC purchased a new position in shares of SOLV Energy during the 2nd quarter worth $18,320,262. Finally, Ninety One North America Inc. grew its position in shares of SOLV Energy by 317.4% during the 3rd quarter. Ninety One North America Inc. now owns 283,807 shares of the company’s stock valued at $6,817,000 after acquiring an additional 215,812 shares during the period.

More SOLV Energy News

These are some of the MWH news items that stood out recently:

• Positive Sentiment: JPMorgan raised its price target to $36 from $34 and reiterated an “overweight” rating, signaling confidence in the shares’ prospects. JPMorgan ratings
• Positive Sentiment: Management forecast FY 2026 revenue of about $4.03 billion–$4.12 billion, above the roughly $3.93 billion analyst estimate. Q3 revenue climbed 64.9% year over year to $1.24 billion, while net income increased to $123 million from $70 million. SOLV Energy Q3 results
• Negative Sentiment: Q3 EPS was $0.53, missing the $0.59 consensus estimate. Gross margin fell to 17.8% from 19.7% a year earlier, and adjusted EBITDA margin declined to 13.9% from 16.1%, tempering the strong revenue growth. SOLV Energy Q3 earnings coverage

SOLV Energy Company Profile

SOLV Energy is a U.S. renewable energy contractor that develops, builds and maintains utility-scale solar power and battery storage projects. Its services include engineering, procurement and construction, as well as operations and maintenance for energy facilities. The company serves customers across the United States, supporting projects from construction through ongoing operation. Its business also includes work on related electrical infrastructure. SOLV Energy traces its roots to Swinerton Renewable Energy, which became an independent company under the SOLV Energy name in 2021.