JPMorgan analyst Mark Strouse initiated coverage of Solv Energy (MWH) with an Overweight rating and $34 price target The firm says Solv is a leading pure-play provider of engineering, procurement, and construction and operations and maintenance solutions for the U.S. utility-scale solar and storage markets. The firm believes industry trends towards larger, more complex projects should increase the barriers to entry.
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Read More on MWH:
- Solv Energy initiated with an Outperform at Evercore ISI
- Solv Energy: Leveraging Utility-Scale Solar & Storage Platform to Narrow Valuation Discount
- Solv Energy initiated with an Outperform at Baird
- Buy Rating Initiation on Solv Energy: Leading Pure-Play Utility-Scale Solar EPC with Strong Cash Generation and M&A Upside
- Solv Energy initiated with a Buy at Jefferies