538,040 Shares in SOLV Energy Inc. $MWH Acquired by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC purchased a new stake in shares of SOLV Energy Inc. (NASDAQ:MWH) during the second quarter, Holdings Channel.com reports. The fund purchased 538,040 shares of the company’s stock, valued at approximately $18,320,262,000.

Separately, Bank of New York Mellon Corp boosted its position in SOLV Energy by 697.6% during the second quarter. Bank of New York Mellon Corp now owns 98,660 shares of the company’s stock worth $3,359,000 after purchasing an additional 86,290 shares during the period.

Analysts Set New Price Targets

A number of research analysts have weighed in on MWH shares. Guggenheim lifted their target price on SOLV Energy from $37.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. 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. Robert W. Baird reduced their target price on shares of SOLV Energy from $50.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. UBS Group reiterated a “neutral” rating and issued a $50.00 target price (up from $42.00) on shares of SOLV Energy in a research report on Thursday, May 14th. Finally, Zacks Research raised shares of SOLV Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.64.

SOLV Energy Price Performance

Shares of MWH stock opened at $28.34 on Monday. The business has a fifty day moving average price of $30.35. 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 market capitalization of $5.74 billion and a PE ratio of 94.47. SOLV Energy Inc. has a twelve month low of $23.83 and a twelve month high of $48.40.

SOLV Energy (NASDAQ:MWH) last released its earnings results on Thursday, August 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $951.24 million for the quarter. The firm’s revenue for the quarter was up 77.4% compared to the same quarter last year. Equities research analysts expect that SOLV Energy Inc. will post 1.3 earnings per share for the current fiscal year.

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.