Forgent Power Solutions (NYSE:FPS) Trading Up 6.7% - What's Next?

Key Points

• Shares of Forgent Power Solutions jumped 6.7% to about $33.78 intraday (high $34.02) on Monday, with 1,040,473 shares traded—roughly a 66% decline versus average session volume.
• Multiple firms initiated coverage on March 2 with bullish ratings (Barclays, KeyCorp, TD Cowen, Jefferies) and targets of $41–$45; the consensus sits at a Moderate Buy with 9 Buy, 1 Hold and a $43.30 average price target.
• Forgent manufactures electrical distribution equipment used in data centers, the power grid and industrial facilities, positioning it to benefit from rising investment in AI/data centers, new generation capacity and T&D upgrades.

Shares of Forgent Power Solutions, Inc. (NYSE:FPS - Get Free Report) traded up 6.7% on Monday . The company traded as high as $34.02 and last traded at $33.78. 1,040,473 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 3,034,534 shares. The stock had previously closed at $31.65.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FPS shares. Barclays started coverage on Forgent Power Solutions in a report on Monday, March 2nd. They set an "overweight" rating and a $44.00 price target for the company. KeyCorp started coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an "overweight" rating and a $41.00 price target on the stock. TD Cowen initiated coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued a "buy" rating and a $45.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued a "buy" rating and a $44.00 price objective for the company. Finally, Wall Street Zen upgraded Forgent Power Solutions to a "hold" rating in a research note on Monday, February 16th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.30.

Forgent Power Solutions Price Performance

About Forgent Power Solutions

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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