Headquartered in Dayton, MN Fiscal year ends June NYSE: FPS forgentpower.com
Forgent Power Solutions, Inc. (NYSE: FPS) designs and manufactures electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. It specializes in custom, engineered-to-order products for technically demanding applications. The company says it is one of a small number of companies able to manufacture all of the electrical distribution equipment required for a data center's or large manufacturing facility's powertrain, with high levels of customization and short lead times. Its business is organized around Solutions & Services and Transformers. It increasingly sells directly to hyperscalers and frontier AI labs. Forgent recently completed a manufacturing capacity expansion and is now focused on converting that added scale into operating leverage. It completed its IPO in 2026 and operates through an Up-C structure, holding Opco LLC Interests alongside Class B holders, and is party to a Tax Receivable Agreement. Updated
Backlog now fully covers the raised fiscal 2027 outlook of $2.45 billion to $2.65 billion, with revenue up 68.9% year over year on data center demand for electrical distribution gear. Management says orders from frontier AI labs and hyperscalers build through fiscal 2028, yet the stock sold off right after the filing.
Pre-Market Stock Futures: The futures are trading lower after a dreadful Friday and week, one that could be laying the foundation for a larger and more intense sell-off. The combination of the…
Forgent Power Solutions, Inc. (NYSE: FPS) designs and manufactures electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. It specializes in custom, engineered-to-order products for technically demanding applications.
24/7 Wall St.'s 12-month price target for FPS is $46.55, rated Buy. The Wall Street consensus target is $52.85. FPS price prediction →
