SOLV Energy Inc. $MWH Stock Sold by Robeco Schweiz AG

Robeco Schweiz AG reduced its holdings in shares of SOLV Energy Inc. (NASDAQ:MWH) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,538,139 shares of the company’s stock after selling 103,266 shares during the quarter. SOLV Energy comprises approximately 1.1% of Robeco Schweiz AG’s holdings, making the stock its 27th biggest position. Robeco Schweiz AG’s holdings in SOLV Energy were worth $60,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MWH. GAMMA Investing LLC increased its holdings in shares of SOLV Energy by 4,255.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,263 shares of the company’s stock worth $30,000 after acquiring an additional 1,234 shares during the last quarter. Continuum Advisory LLC bought a new stake in SOLV Energy in the 2nd quarter valued at $142,000. State of Alaska Department of Revenue bought a new stake in SOLV Energy in the 3rd quarter valued at $154,000. Arizona State Retirement System bought a new stake in SOLV Energy in the 2nd quarter valued at $222,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in SOLV Energy during the 2nd quarter valued at $375,000.

SOLV Energy Trading Down 0.7%

Shares of SOLV Energy stock opened at $21.38 on Friday. The firm has a 50-day moving average of $25.70 and a 200-day moving average of $30.90. The stock has a market cap of $4.33 billion and a PE ratio of 71.27. SOLV Energy Inc. has a 52-week low of $20.30 and a 52-week high of $48.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.09 and a current ratio of 1.09.

SOLV Energy (NASDAQ:MWH) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $951.24 million during the quarter. The business’s quarterly revenue was up 77.4% compared to the same quarter last year. As a group, sell-side analysts forecast that SOLV Energy Inc. will post 1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

MWH has been the subject of a number of research analyst reports. Zacks Research cut shares of SOLV Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. KeyCorp decreased their price objective on shares of SOLV Energy from $43.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Weiss Ratings lowered shares of SOLV Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. JPMorgan Chase & Co. dropped their price objective on shares of SOLV Energy from $43.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Finally, Robert W. Baird cut their target price on shares of SOLV Energy from $50.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. 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 stock. According to MarketBeat.com, SOLV Energy currently has an average rating of “Moderate Buy” and a consensus target price of $38.55.

SOLV Energy Profile

SOLV Energy is a renewable energy company that provides engineering, procurement and construction (EPC) services for utility-scale solar power and battery energy storage projects. Its services span project design, construction management, commissioning and related infrastructure development.

The company also provides operations and maintenance, asset management and optimization services intended to support the long-term performance and reliability of renewable energy facilities. SOLV Energy serves utility, commercial and institutional customers, primarily across the United States.

The company was previously known as Swinerton Renewable Energy and adopted the SOLV Energy name in 2021.