45,466 Shares in SOLV Energy Inc. $MWH Bought by Green Alpha Advisors LLC

Green Alpha Advisors LLC purchased a new stake in shares of SOLV Energy Inc. (NASDAQ:MWH) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 45,466 shares of the company’s stock, valued at approximately $1,092,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MWH. American Securities LLC acquired a new stake in shares of SOLV Energy in the 2nd quarter valued at about $2,823,440,000. Neumeier Poma Investment Counsel LLC acquired a new position in SOLV Energy during the 2nd quarter valued at approximately $18,320,262. Wellington Management Group LLP bought a new position in shares of SOLV Energy during the second quarter worth about $4,852,000. Squarepoint Ops LLC bought a new stake in shares of SOLV Energy during the second quarter valued at approximately $4,037,000. Finally, Bank of New York Mellon Corp increased its position in SOLV Energy by 697.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,660 shares of the company’s stock valued at $3,359,000 after acquiring an additional 86,290 shares during the period.

SOLV Energy Price Performance

Shares of MWH traded down $0.06 during trading hours on Thursday, hitting $25.69. 1,387,780 shares of the company were exchanged, compared to its average volume of 1,542,451. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $5.20 billion and a PE ratio of 85.63. The firm has a fifty day simple moving average of $26.94 and a 200-day simple moving average of $31.31. SOLV Energy Inc. has a one year low of $23.36 and a one year high of $48.40.

SOLV Energy (NASDAQ:MWH) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $951.24 million during the quarter. The business’s revenue was up 77.4% on a year-over-year basis. As a group, sell-side analysts predict that SOLV Energy Inc. will post 1.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird lowered their price target on SOLV Energy from $50.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $42.00 price target on shares of SOLV Energy in a research report on Friday, August 14th. Zacks Research cut SOLV Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Weiss Ratings lowered SOLV Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. Finally, TD Cowen boosted their price target on shares of SOLV Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.91.

About SOLV Energy

SOLV Energy is a renewable-energy services company focused on the development, construction, operation and maintenance of utility-scale solar power and energy-storage projects. The company provides engineering, procurement and construction services, helping project owners design and build large photovoltaic generation facilities and battery-storage systems.

In addition to project construction, SOLV Energy offers operations and maintenance, asset management, monitoring and technical services intended to support the long-term performance and reliability of renewable-energy assets.