Forgent climbs as Bernstein initiates coverage with "outperform" rating
02/10/2026 13:55
BUZZ-Forgent climbs as Bernstein initiates coverage with "outperform" rating ** Forgent Power Solutions shares FPS.N rise 5% to $39.18 premarket
** Bernstein initiates coverage of the electricity distribution equipment designer and manufacturer with "outperform" rating
** Brokerages starts stock with $48 PT — a ~28% upside
** Expects data centers, grid — source of 80% FPS sales — to be among fastest-growing power markets
** Sees modular data centers to raise FPS equipment sales 55% to $2.8 mln/MW
** FPS equipment lead times 30%-50% shorter than avg - Bernstein
** 10 of 12 brokerages rate the stock "buy" or higher, two "hold"; median PT $53 — data compiled by LSEG
** FPS up 37% from February IPO price of $27
(Reporting by Jayasree Prabhu)