Forgent Power edges higher as research quiet period ends with mostly bullish calls

Forgent Power Solutions

02/03/2026 16:10

** Shares of electrical equipment maker Forgent Power Solutions FPS.N rise 2.33% to $35.19

** At least seven brokerages initiate coverage with largely bullish ratings as research quiet period ends

** Company secures a valuation of nearly $8 bln after shares opened at approx $26 in NYSE debut vs IPO price of $27

** Given accelerating DC equipment demand and its available production capacity, we see potential revenue upside - TD Cowen

** Forgent’s revenue is tied to long-term growth drivers -U.S. data center expansion and grid upgrades and its capacity investments position it to grow faster than these markets - BofA

** Analyst at Jefferies says FPS’s capacity expansion is well‑timed for rising demand for rapid “speed‑to‑power” solutions, but its production ramp still hinges on adding labor beyond current staffing, which supports visibility only through late 2027

Brokerage
Rating
PT
BofA
Buy
$48
Oppenheimer
Outperform
$42
TD Cowen
Buy
$45
Barclays
Overweight
$44
Keybanc
Overweight
$41
Jefferies
Buy
$44
J.P. Morgan
Overweight
$40

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))