SOLV Energy Inc. (NASDAQ:MWH – Get Free Report) fell 6.5% on Tuesday . The company traded as low as $33.10 and last traded at $33.06. 901,759 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 1,341,365 shares. The stock had previously closed at $35.35.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on MWH shares. Evercore assumed coverage on SOLV Energy in a research note on Monday, March 9th. They set an “outperform” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. began coverage on SOLV Energy in a report on Monday, March 9th. They set an “overweight” rating and a $34.00 target price on the stock. KeyCorp raised 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. Robert W. Baird boosted their price target on SOLV Energy from $36.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, TD Cowen began coverage on shares of SOLV Energy in a research note on Monday, March 9th. They set a “buy” rating and a $32.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, SOLV Energy currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.
View Our Latest Report on SOLV Energy
SOLV Energy Price Performance
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.
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