Solv Energy initiated with a Buy at UBS

UBS initiated coverage of Solv Energy (MWH) with a Buy rating and $42 price target The firm says the company provides clean alternative energy investors with an “attractive, differentiated business model and value-chain exposure.” Solv’s focus on large-scale solar and storage projects is supported by AI-driven electricity demand growth and relatively high U.S. energy policy visibility, the analyst tells investors in a research note.