Forgent Power Solutions: The Data Center Power Trade Is Just Getting Started

Forgent Power Solutions (NYSE: FPS) is positioned as a critical supplier of custom electrical distribution equipment for data centers, directly benefiting from the AI-driven surge in power demand. FPS posted Q3 FY2026 revenue of $378.7M (up 103% Y/Y), with bookings up 308% and backlog reaching $1.98B, signaling robust demand and accelerating growth. Management guides for FY2026 revenue of $1.35–$1.39B and Adjusted EBITDA of $310–$320M, targeting an 82% Y/Y top-line increase and ~23% EBITDA margin amid ongoing capacity expansion.

Seeking Alpha • Jun 22, 2026

Forgent Power Solutions Announces Closing of Public Offering of Class A Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares

DAYTON, Minn.--(BUSINESS WIRE)--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 closing of a public offering of its Class A common stock. The offering consists of 32,769,681 shares of Class A common stock sold by parent entities of the Company controlled by Neos Partners, LP (the “Selling Stockholder.

Business Wire • Jun 1, 2026

Baron Asset Fund Q1 2026 Contributors, Detractors And Recent Activity

SpaceX is generating significant value with the rapid expansion of its Starlink broadband service. CoStar Group's shares fell due to multiple compression driven by rising fears about the potential impact of AI on the company's business.

Seeking Alpha • Jun 1, 2026

Forgent Power Solutions Announces Pricing of Upsized Public Offering of Class A Common Stock

DAYTON, Minn.--(BUSINESS WIRE)--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 an upsized public offering of its Class A common stock at a public offering price of $47.00 per share. The offering consists of 28,542,420 shares of Class A common stock being offered by parent entities of the.

Business Wire • May 29, 2026

Forgent Power Solutions Announces Repricing of its Senior Credit Facilities

DAYTON, Minn.--(BUSINESS WIRE)--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 that on May 21, 2026 it repriced its revolving credit facility and term loan credit facility (the “Senior Credit Facilities”). Upon closing of the repricing, the applicable interest rate on borrowings under the Senior Credit.

Business Wire • May 26, 2026

Forgent Power Solutions Announces Public Offering of Class A Common Stock

DAYTON, Minn.--(BUSINESS WIRE)--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 23,741,398 shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners, LP (the “Selling Stockholders”) an.

Business Wire • May 26, 2026

Baron Opportunity Fund Q1 2026 Portfolio Activity

During the first quarter, we initiated a position in Alphabet Inc., the parent company of Google and one of the world's most valuable technology franchises. ASML's pricing power and increasing scale support significant gross margin expansion and strong double-digit earnings growth. We believe the combination of accelerating market share capture, new product momentum, and improving profitability positions Rubrik well for long-term growth.

Seeking Alpha • May 25, 2026

Wall Street Analysts Think Forgent Power (FPS) Could Surge 25.87%: Read This Before Placing a Bet

The consensus price target hints at a 25.9% upside potential for Forgent Power (FPS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Zacks Investment Research • May 19, 2026

Forgent Rides AI Infrastructure Boom With Healthy Demand Trends

FPS posts 103% revenue growth, record $867M bookings and near-$2B backlog as AI data center demand lifts its FY2026 outlook.

Zacks Investment Research • May 18, 2026

Forgent Stock Gains Momentum Following Revenue Beat, Bullish Guidance

Forgent Power Solutions, Inc. (NYSE:FPS) shares are trading higher Thursday after the company reported better-than-expected third-quarter revenue results and issued fourth-quarter revenue guidance above estimates. Also, the company raised its fiscal-year 2026 revenue guidance above estimates.

Benzinga • May 14, 2026