Wolfe Research Starts SOLV Energy Inc (MWH) at Outperform

Wolfe Research analyst Steve Fleishman initiates coverage on SOLV Energy Inc (NASDAQ: MWH) with a Outperform rating and a price target of $35.00.

The analyst comments "As the #2 player in utility-scale solar and storage EPC work with >$8B of current backlog, which is ramping higher, Solv Energy (MWH) is well positioned to benefit from improved visibility for utility-scale solar deployments through the end of the decade driven by unprecedented power demand growth. We are very bullish on storage's outlook as data center load growth places unique strains on the grid. Market share should naturally accrue to Solv as projects get larger, favoring scaled EPC partners, like Solv."

For an analyst ratings summary and ratings history on SOLV Energy Inc click here. For more ratings news on SOLV Energy Inc click here.

Shares of SOLV Energy Inc closed at $27.04 yesterday.

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