SOLV Energy (NASDAQ:MWH) Shares Gap Up – Should You Buy?

SOLV Energy Inc. (NASDAQ:MWH)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $28.81, but opened at $30.27. SOLV Energy shares last traded at $30.3390, with a volume of 177,580 shares.

Analyst Ratings Changes

Several analysts recently issued reports on MWH shares. Guggenheim boosted their price objective on shares of SOLV Energy from $37.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. UBS Group reaffirmed a “neutral” rating and set a $50.00 target price (up from $42.00) on shares of SOLV Energy in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce boosted their price target on shares of SOLV Energy from $37.00 to $38.00 and gave the company an “outperformer” rating in a research note on Monday, April 20th. Robert W. Baird upped their price objective on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, KeyCorp increased their price objective on shares of SOLV Energy from $36.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

SOLV Energy Price Performance

The firm’s fifty day simple moving average is $35.55.

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.