Oppenheimer initiated coverage on Forgent Power Solutions with a new price target
$FPS
Industrial Machinery/Components
Energy
Oppenheimer initiated coverage of Forgent Power Solutions with a rating of Outperform and set a new price target of $42.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/2/2026 | $48.00 | Buy | BofA Securities |
| 3/2/2026 | $44.00 | Overweight | Barclays |
| 3/2/2026 | $48.00 | Buy | Goldman |
| 3/2/2026 | $41.00 | Overweight | KeyBanc Capital Markets |
| 3/2/2026 | $38.00 | Equal-Weight | Morgan Stanley |
| 3/2/2026 | $44.00 | Buy | Jefferies |
| 3/2/2026 | $40.00 | Overweight | Analyst |
| 3/2/2026 | $43.00 | Outperform | Wolfe Research |
Forgent Power Solutions, Inc. (NYSE:FPS) ("Forgent" or the "Company"), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced the pricing of a public offering of its Class A common stock at a public offering price of $29.50 per share. The offering consists of 20,688,874 shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners, LP (the "Selling Stockholders") and 9,311,126 shares of Class A common stock being offered by Forgent. In addition, the Selling Stockholders and the Company granted the underwriters a 30-day option to purc
Forgent Power Solutions, Inc. (NYSE:FPS) ("Forgent" or the "Company"), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced a public offering of its Class A common stock. The offering consists of 20,688,335 shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners, LP (the "Selling Stockholders") and 9,311,665 shares of Class A common stock being offered by Forgent. In addition, the Selling Stockholders and the Company intend to grant the underwriters a 30-day option to purchase up to an additional 3,103,250 shares and 1,396,75
Fiscal Second Quarter 2026 Highlights Revenues of $296 million, an increase of 69% year-over-year Bookings of $762 million, an increase of 268% year-over-year Backlog of $1.5 billion, an increase of 100% and 45% year-over-year and quarter-over-quarter, respectively Book-to-bill ratio of 2.6x, an increase of 58% quarter-over-quarter Net Loss of $(0.1) million, a decrease of $6.5 million year-over-year Adjusted EBITDA of $60 million, an increase of 51% year-over-year Adjusted Net Income of $36 million, an increase of 66% year-over-year Full Year Fiscal 2026 Guidance Revenues in the range of $1,275 to $1,325 million, representing 73% year-over-year growth at the midp
BofA Securities initiated coverage of Forgent Power Solutions with a rating of Buy and set a new price target of $48.00
Barclays initiated coverage of Forgent Power Solutions with a rating of Overweight and set a new price target of $44.00
KeyBanc Capital Markets initiated coverage of Forgent Power Solutions with a rating of Overweight and set a new price target of $41.00
EFFECT - Forgent Power Solutions, Inc. (0002080126) (Filer)
S-1 - Forgent Power Solutions, Inc. (0002080126) (Filer)
10-Q - Forgent Power Solutions, Inc. (0002080126) (Filer)
4 - Forgent Power Solutions, Inc. (0002080126) (Issuer)
4 - Forgent Power Solutions, Inc. (0002080126) (Issuer)
4 - Forgent Power Solutions, Inc. (0002080126) (Issuer)
Forgent Power Solutions, Inc. (NYSE:FPS), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, will report financial results for its fiscal second quarter ended December 31, 2025, before the market opens on March 16, 2026, and management will host a conference call at 11:00 a.m. ET to discuss the results. The live webcast and replay, earnings press release and presentation materials will be available at ir.forgentpower.com. About Forgent Power Solutions Forgent (NYSE:FPS) is a leading U.S. designer and manufacturer of electrical distribution equipment used in data centers, the power grid