Solv Energy price target raised to $49 from $38 at CIBC

CIBC raised the firm’s price target on Solv Energy (MWH) to $49 from $38 and keeps an Outperformer rating on the shares. The firm says Q1 results/update highlighted the company’s strong execution, supportive end-market demand and visibility into forward revenue. Solv Energy raised its 2026 guidance given impressive Q1 results with strong execution driving stronger margins. CIBC expects more positive news to come and believes the company could raise or beat the new guidance. The firm continues to see sustained growth and upside to the Street number with continued execution and more M&A.