Forgent Power Solutions, Inc. (NYSE:FPS – Get Free Report) saw some unusual options trading activity on Thursday. Traders acquired 4,056 call options on the stock. This represents an increase of approximately 103% compared to the typical volume of 2,002 call options.
Forgent Power Solutions Price Performance
Shares of NYSE:FPS opened at $50.40 on Friday. Forgent Power Solutions has a twelve month low of $25.95 and a twelve month high of $51.00. The stock’s 50-day simple moving average is $34.71.
Analyst Ratings Changes
Several research firms recently weighed in on FPS. JPMorgan Chase & Co. began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an “overweight” rating and a $40.00 price target for the company. Wolfe Research set a $48.00 price target on shares of Forgent Power Solutions in a research report on Monday, March 2nd. Bank of America began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set a “buy” rating and a $48.00 price target for the company. Zacks Research upgraded shares of Forgent Power Solutions to a “hold” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings began coverage on shares of Forgent Power Solutions in a research report on Wednesday, April 29th. They set a “sell (d)” rating for the company. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.40.
More Forgent Power Solutions News
Here are the key news stories impacting Forgent Power Solutions this week:
- Positive Sentiment: Third-quarter revenue jumped 103% year over year to about $379 million, showing demand is accelerating far faster than analysts expected. Earnings transcript and report
- Positive Sentiment: The company raised fiscal 2026 revenue guidance to a range of $392 million to $432 million, signaling management sees continued strong order flow and backlog conversion. BusinessWire release
- Positive Sentiment: Investors also appeared to respond to the AI/data center growth story, with the stock mentioned as a leader in premarket trading and unusual call option activity pointing to bullish sentiment. AI data center power equipment supplier article
- Neutral Sentiment: The company’s quarterly EPS came in at $0.08, below the $0.17 consensus estimate, so earnings quality was mixed despite the strong sales growth. Earnings transcript and report
Forgent Power Solutions Company Profile
We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.
Featured Stories
- Five stocks we like better than Forgent Power Solutions
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for Forgent Power Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forgent Power Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
