SOLV Energy (NASDAQ:MWH) Stock Gets Price Target Increase from JPMorgan Chase & Co.

SOLV Energy (NASDAQ:MWH) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $34.00 to $36.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 29.45% from the company’s current price.

A number of other research analysts also recently weighed in on the company. KeyCorp lowered their price target on SOLV Energy from $43.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $42.00 price objective on shares of SOLV Energy in a research note on Friday, August 14th. Weiss Ratings lowered SOLV Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Zacks Research cut shares of SOLV Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, TD Cowen raised their price target on SOLV Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Ten equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.73.

SOLV Energy Trading Up 3.8%

NASDAQ MWH traded up $1.03 on Friday, hitting $27.81. 2,576,668 shares of the stock were exchanged, compared to its average volume of 1,933,906. SOLV Energy 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 current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $5.63 billion and a price-to-earnings ratio of 92.70. The company’s 50-day moving average price is $25.04 and its two-hundred day moving average price is $30.16.

SOLV Energy (NASDAQ:MWH) last announced its earnings results on Thursday, November 12th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06). The business had revenue of $1.24 billion for the quarter. The business’s revenue for the quarter was up 64.9% compared to the same quarter last year. Research analysts predict that SOLV Energy will post 1.29 EPS for the current year.

Hedge Funds Weigh In On SOLV Energy

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in SOLV Energy by 4,255.2% during the third quarter. GAMMA Investing LLC now owns 1,263 shares of the company’s stock valued at $30,000 after buying an additional 1,234 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of SOLV Energy during the 3rd quarter worth about $32,000. Fifth Third Bancorp boosted its stake in shares of SOLV Energy by 179.2% during the 3rd quarter. Fifth Third Bancorp now owns 1,480 shares of the company’s stock worth $36,000 after acquiring an additional 950 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of SOLV Energy by 22,500.0% during the 3rd quarter. Global Retirement Partners LLC now owns 1,582 shares of the company’s stock valued at $38,000 after acquiring an additional 1,575 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new position in shares of SOLV Energy during the 2nd quarter valued at about $142,000.

Top SOLV Energy Stories

Investors following MWH have been watching these stories:

• Positive Sentiment: JPMorgan raised its price target to $36 from $34 and reiterated an “overweight” rating, signaling confidence in the shares’ prospects. JPMorgan ratings
• Positive Sentiment: Management forecast FY 2026 revenue of about $4.03 billion–$4.12 billion, above the roughly $3.93 billion analyst estimate. Q3 revenue climbed 64.9% year over year to $1.24 billion, while net income increased to $123 million from $70 million. SOLV Energy Q3 results
• Negative Sentiment: Q3 EPS was $0.53, missing the $0.59 consensus estimate. Gross margin fell to 17.8% from 19.7% a year earlier, and adjusted EBITDA margin declined to 13.9% from 16.1%, tempering the strong revenue growth. SOLV Energy Q3 earnings coverage

About SOLV Energy

SOLV Energy is a U.S. renewable energy contractor that develops, builds and maintains utility-scale solar power and battery storage projects. Its services include engineering, procurement and construction, as well as operations and maintenance for energy facilities. The company serves customers across the United States, supporting projects from construction through ongoing operation. Its business also includes work on related electrical infrastructure. SOLV Energy traces its roots to Swinerton Renewable Energy, which became an independent company under the SOLV Energy name in 2021.