Forgent Power Solutions

FPS

Market cap $10.1B

Forgent Power Solutions has demonstrated strong operational momentum post-IPO, with revenues surging and backlog expanding to $1.98 billion. Forgent raised over $1.3 billion via secondary offerings, resulting in a net cash position of about $800 million and a share count of 342 million. Current valuation remains demanding at 6-7x sales and 26x EBITDA, with adjusted earnings near $0.60 per share and shares trading around $33.

West Pharmaceuticals stock moved higher following another quarter of broad-based growth, driven by continued demand for high-value biologics packaging and proprietary delivery components. Tyler Technologies underperformed during the quarter despite delivering solid financial results that met management's guidance. We were attracted to Knowles' accelerating organic growth, expanding margins, and exposure to several attractive long-term secular trends.

The Zacks Electronics - Miscellaneous Components industry players like NVT, FPS and VICR are benefiting from the solid adoption of AI and the democratization of IoT.

FPS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 15th, 2026.

BB, NGL, VG, FPS and VIRT have been added to the Zacks Rank #1 (Strong Buy) List on July 15th, 2026.

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 29,094,075 shares of Class A common stock sold by parent entities of the Company controlled by Neos Partners, LP (the “Selling Stockholder.

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 $49.00 per share. The offering consists of 29,094,075 shares of Class A common stock being offered by parent entities of the.

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 23,328,582 shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners, LP (the “Selling Stockholders”) an.

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.

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.