SOLV Energy (NASDAQ:MWH) Stock Price Expected to Rise, KeyCorp Analyst Says

SOLV Energy (NASDAQ:MWH) had its target price hoisted by investment analysts at KeyCorp from $34.00 to $36.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 5.98% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird began coverage on SOLV Energy in a report on Monday, March 9th. They issued an “outperform” rating and a $36.00 price target for the company. Wall Street Zen upgraded SOLV Energy to a “hold” rating in a report on Sunday, February 22nd. Zacks Research upgraded SOLV Energy to a “hold” rating in a report on Tuesday, March 10th. Wolfe Research started coverage on SOLV Energy in a report on Monday, March 9th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Jefferies Financial Group started coverage on SOLV Energy in a research report on Monday, March 9th. They set a “buy” rating and a $32.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.30.

SOLV Energy Stock Up 4.0%

Shares of NASDAQ MWH opened at $33.97 on Wednesday. SOLV Energy has a twelve month low of $26.42 and a twelve month high of $35.22.

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

About SOLV Energy

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.