Forgent Power Solutions, Inc.'s Quiet Period Set To End on March 17th (NYSE:FPS)

Key Points

• Quiet period ends on March 17, after which underwriters and IPO insiders can publish research and brokerages will likely initiate formal coverage of Forgent Power Solutions (NYSE:FPS).
• The company issued 56,000,000 shares in its Feb. 5 IPO, raising about $1,512,000,000 based on the $27 initial price.
• Analysts are broadly positive — nine Buy, one Hold with an average price target of $43.30 (recent targets $41–$48), while the stock was trading near $34.48, implying analyst-forecast upside.

Forgent Power Solutions' (NYSE:FPS - Get Free Report) quiet period will end on Tuesday, March 17th. Forgent Power Solutions had issued 56,000,000 shares in its IPO on February 5th. The total size of the offering was $1,512,000,000 based on an initial share price of $27.00. During Forgent Power Solutions' quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America started coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued a "buy" rating and a $48.00 target price on the stock. TD Cowen assumed coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set a "buy" rating and a $45.00 target price for the company. KeyCorp began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued an "overweight" rating and a $41.00 price target on the stock. Wolfe Research set a $48.00 price objective on shares of Forgent Power Solutions in a research report on Monday, March 2nd. Finally, Barclays started coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued an "overweight" rating and a $44.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.30.

Forgent Power Solutions Price Performance

NYSE FPS opened at $34.48 on Tuesday. Forgent Power Solutions has a 12 month low of $25.95 and a 12 month high of $36.68.

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.

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