Forgent Power Solutions, Inc. specializes in the engineering and manufacturing of electrical power distribution systems. These critical solutions are vital for cutting-edge data centers, extensive power grids, and various energy-demanding industrial environments. The company's comprehensive product line encompasses a wide range of electrical infrastructure, such as different forms of switchgear (including low voltage, medium voltage, and paralleling), a variety of transformers (like low voltage, medium voltage VPI, padmount, PDU, and substation types), power distribution units (PDUs), and specialized enclosures like gear eHouses and UPS eHouses. Their portfolio also includes automatic transfer switches (ATS), generator connection cabinets, panelboards, power skids, remote power panels, switchboards, and tap boxes. Beyond manufacturing, Forgent Power Solutions delivers essential services, including maintenance, testing, repairs, system modernization, start-up and commissioning, and aftermarket retrofit services. Their client base spans key sectors, serving technology companies, power generators, utility providers, and diverse industrial operations. Established in 2023, the firm is based in Dayton, Minnesota.

Forgent Power Solutions stock surged 11.10% following strong Q4 earnings with 94% revenue growth to $462M and 375% bookings growth to $1.5B. Multiple investment banks raised price targets, with KeyBanc targeting $60 (70% upside) and TD Cowen targeting $76 (118% upside), citing robust demand for electrical infrastructure for data centers and AI-driven expansion prospects.

Why Forgent Power Stock Keeps Going Up

Forgent Power Solutions (FPS) reported 94% revenue growth in Q4 fiscal 2026 to $462 million, driven by custom products and Powertrain Solutions for data center customers. The company achieved record bookings of $1.50 billion and backlog of $3.02 billion with a 3.3x book-to-bill ratio. FPS projects fiscal 2027 revenues of $2.4-$2.6 billion with 76% growth and is expanding capacity with a $35 million Powertrain Solutions facility investment.

FPS Q4 Earnings Beat Estimates on Powertrain Solutions Growth

Several stocks showed significant movement following corporate announcements. Forgent Power Solutions jumped 9.5% after beating earnings estimates, while Skyworks Solutions surged 13.6% on optimism about a Qorvo merger closing by late September or October. Qorvo also gained 9.3%. However, Axon Enterprise slipped 9.8% following plans for a $1 billion debt issuance. Valero Energy rose 3.7% as crude oil prices climbed amid Middle East supply concerns.

Company News for Sep 16, 2026

Forgent Power Solutions stock surged 9.50% after reporting exceptional AI-driven growth with 94% year-over-year revenue increase to $462 million in Q4 fiscal 2026. The company projects 76% revenue growth to $2.5 billion in fiscal 2027 and plans a $35 million capacity expansion in Mexico to support continued demand.

Why Forgent Power Stock Popped Today

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Forgent Power Solutions Inc. (FPS) Stock Price, Analysis & Trade Signals