Forgent Power Solutions (FPS)
Industrials · electrical distribution equipment · NYSE
Forgent Power Solutions is a leading manufacturer of critical electrical distribution equipment and modular power systems for data centers and industrial applications.
What Forgent Power Solutions does
Forgent Power Solutions, Inc. is a designer and manufacturer of electrical distribution equipment for data centers, the power grid, and industrial facilities. The company provides a range of products including switchgear, transformers, and modular Powertrain Solutions, alongside commissioning and maintenance services. It focuses on 'engineered-to-order' products for technically demanding applications requiring high reliability and performance.
Recent developments
Forgent reported record Q4 and full-year fiscal 2026 results, exceeding its previous guidance with significant growth in backlog and bookings. The company also announced a $35 million investment to expand its modular Powertrain Solutions manufacturing capacity in Tijuana, Mexico, expected to come online in fiscal 2027.
From Forgent Power Solutions's filing of 2026-09-15.
Themes: AI infrastructure, data center power, grid modernization, modular infrastructure, industrial automation
Fundamentals
- Price$30.23 as of 2026-10-20 close
- Market cap$9.2B as of 2026-09-08 (share count; price 2026-10-20)
- P/En/a not reported by our data source
- Net margin+5.8% FY2026, SEC XBRL
- Gross margin+35.0% FY2026, SEC XBRL
- ROE+12.2% FY2026, SEC XBRL
- ROIC+14.5% NOPAT / (debt + equity - cash), closing capital — 10-K FY2026 (year ended 2026-06-30)
- Debt / equity1.03 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
- Revenue growth (YoY)+88.5% FY2026, SEC XBRL
- Beta3.32 as of 2026-09-03
- Last reported earnings2026-09-15 SEC EDGAR Form 8-K (Item 2.02)
How FPS compares in its sector
- net profit marginmiddle range 419 covered Industrials peers, as of 2026-09-03
- operating marginmiddle range 394 covered Industrials peers, as of 2026-09-03
- gross marginmiddle range 255 covered Industrials peers, as of 2026-09-03
- return on equitymiddle range 434 covered Industrials peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 419 covered Industrials peers, as of FY2026
Position among covered Industrials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Quarterly results
| Quarter | Revenue | Gross profit | Operating income | Net income | Operating cash flow | Capex |
|---|---|---|---|---|---|---|
| Q4 FY2026 2026-06-30 | $462M† | $167M† | $92M† | $53M† | $74M† | $31M† |
| Q3 FY2026 2026-03-31 | $379M | $131M | $39M | $18M | $29M† | $28M† |
| Q2 FY2026 2025-12-31 | $296M | $102M | $20M | $246000 | — | — |
| Q4 FY2025 2025-06-30 | $238M† | $80M† | $8M† | -$3M† | -$7M† | $41M† |
| Q3 FY2025 2025-03-31 | $186M | $68M | $22M | $7M | -$7M† | $19M† |
| Q2 FY2025 2024-12-31 | $175M | $64M | $19M | $5M | — | — |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Cash and equivalents$97M
- Total debt$582M borrowings only; leases excluded
- Net debt$485M total debt − cash − short-term investments
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How Forgent Power Solutions looks technically
Forgent Power Solutions (FPS): a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 34, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative). It just made a new 20-day low, its first since 2026-09-14, breaking below its recent trading range.
Trend
8
| Distance from the 200-day | not enough price history yet — needs 200 trading sessions | n/a |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $35.02 | $35.02 |
| 200-day moving average | not enough price history yet — needs 200 trading sessions | n/a |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 14 calendar days ago — the swings before that are what the structure reading is measured on | 14 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 41.61. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | not enough price history yet — needs 200 trading sessions | n/a |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend) | 23.6 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 34, neither overbought (above 70) nor oversold (below 30) | 34.2 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($29.45 to $41.61) — its "stochastic" reading is 6 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 6.4 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative) | 7 sessions |
Range
7
| Since a 20-day breakout | it just made a new 20-day low, its first since 2026-09-14, breaking below its recent trading range | 1 session |
|---|---|---|
| Since a 55-day breakout | it made a new 55-day high about 11 trading days ago | 11 sessions |
| All-time high | its highest closing price on record is $66.00 (set on 2026-06-22) | $66.00 |
| Given back of the 52-week move | not available for this company yet | n/a |
| Nearest price level | not enough price history yet — needs 252 trading sessions | n/a |
| All-time low | its lowest closing price on record is $25.95 (set on 2026-02-05) | $25.95 |
| Above the all-time low | it is 16.5% above its all-time low | +16.5% |
Volatility
4
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 43rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.45 between its high and its low — about 8.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.45 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $30.25 and $43.68 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $30.25 – $36.96 – $43.68 |
| Typical daily range (% of price) | its price moves about 8.1% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 8.1% |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.94× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 1.9% since the prior reading | -1.9% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a bullish engulfing | 7 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 7 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-10-20 3.2% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | -3.2% |
|---|---|---|
| Open gap | it gapped 3.2% below the previous close today and has not traded back through the level it left behind at 31.52 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -3.2% |
| Gap filled | a 4.7% gap up opened on 2026-10-19 has been "filled" 1 session ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 1 session ago |
Price streaks
1
| Closing streak | it has closed lower 7 sessions in a row, a -24.48% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 7 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 24.3 percentage points (the stock lost 23.4% while the market gained 1.0%) | -24.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 25.1 percentage points (the stock lost 21.5% while the market gained 3.6%) | -25.1% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 19.8 percentage points (the stock lost 11.3% while the market gained 8.5%) | -19.8% |
| vs market, 12 months | not available for this company yet | n/a |
Signal agreement
2
| Bullish technical signals | 1 of the 7 technical signals we can compute for it is currently in a bullish state: near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 1 of 7 |
|---|---|---|
| Bearish technical signals | 4 of the 7 technical signals we can compute for it are currently in a bearish state: a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 7 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 6.3% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 31.5% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -6.3% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 21% below the average price paid since 2026-02-05, so the typical buyer over that stretch is under water. That average is $38.27 — a volume-weighted average of daily closes over 168 sessions, not a true tick-by-tick VWAP. | -21.0% |
|---|---|---|
| Vs the average paid since it last reported | the price is 17% below the average price paid since it last reported on 2026-09-15 (its 10-K), so the typical buyer over that stretch is under water. That average is $36.49 — a volume-weighted average of daily closes over 26 sessions, not a true tick-by-tick VWAP. | -17.1% |
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $41.61.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 9 trading days, since 2026-10-08.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 50-day moving average · Broke down to a new 20-day low · Analyst price target recently CUT · On a losing streak (5+ lower closes in a row) · Gapped down at the open (3%+) · Most volatile (6%+ typical daily range) | Learn: adx · rsi · macd · breakout
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.42 mean, 1=Strong Buy…5=Strong Sell) — 12 analysts
- Mean price target$54.67 range $44.00 – $76.00; median $52.00
Analyst estimates, as of 2026-10-16. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for FPS
- Consensus EPS estimate$0.1971 next reporting period, as of 2026-10-16
- Estimate change, 30 days-$0.04064 (-17.1%) from $0.2378, on 2026-09-11, 35-day window
- Readings revised upward10% of 10 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High consequence of product failure including safety risks, equipment damage, and loss of revenue.","Dependence on the growth of energy-intensive sectors like data centers and AI infrastructure."]
What changed in the latest 10-Q
AI-assisted comparison of FPS's 10-Q filed 2026-05-14 against the prior one filed 2026-03-16.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-14) adds reference to 'Prospectus dated as of March 26, 2026 and filed with the Securities and Exchange Commission (the "SEC") on March 30, 2026' instead of the older prospectus date
- Newer filing adds detailed description of Follow-On Offering completed on March 30, 2026, consisting of 10,783,205 shares offered by Company and 23,716,795 shares by Selling Stockholders at $29.50 per share, with $308.6 million net proceeds
- Newer filing specifies Follow-On Offering proceeds were used to purchase 10,783,205 Opco LLC Interests and subsequent redemption from Existing Opco LLC Owners
- Removed:
- Older filing (2026-03-16) references 'Prospectus dated as of February 4, 2026 and filed with the Securities and Exchange Commission (the "SEC") on February 6, 2026' with Form S-1 File No. 333-292632, which is removed in newer filing
- Older filing describes initial IPO with specific share counts: 16,586,427 shares by Company and 39,413,573 by Selling Stockholders, plus separate overallotment exercise on February 9, 2026 of 2,487,964 and 5,912,036 shares respectively; newer filing consolidates this as single IPO transaction
- Older filing references 'Forgent Power Solutions LLC' parent entities controlled by 'Neos Partners, LP'; newer filing uses generic 'parent entities' language
- Older filing header states 'FORGENT INTERMEDIATE LLC' in table of contents; newer filing states 'FORGENT POWER SOLUTIONS, INC.'
- Reworded:
- Older filing states 'electrical houses ("ehouse")'; newer filing capitalizes as 'electrical houses ("eHouse")'
- Older filing refers to 'transmission and distribution ("T&D")' in customers section; newer filing uses 'T&D' without expansion in that location
- Older filing states "Quarterly Report on Form 10-Q" multiple times; newer filing shortens to "Quarterly Report" in several instances
- Older filing states "neither the Company nor Forgent Power Solutions received any proceeds"; newer filing states "The Company did not receive any of the proceeds"
- Newer filing consolidates IPO details into single date narrative (February 6, 2026) versus older filing's separate IPO (February 6) and overallotment exercise (February 9) dates
- Notes:
- The newer filing appears to represent Q1 2026 (period ending March 31, 2026) while older filing represents Q4 2025 (period ending December 31, 2025); the filings cover different quarterly periods
- Text cuts off mid-paragraph at 'Performance Measures' section in both versions, limiting ability to assess full scope of changes
- Entity name changes in table of contents header from 'FORGENT INTERMEDIATE LLC' to 'FORGENT POWER SOLUTIONS, INC.' may reflect post-IPO restructuring but exact nature is not fully apparent from excerpt
Risk Factors
- Added:
- Newer filing (2026-05-14) references the Company's Follow-On Prospectus dated March 26, 2026 and filed March 30, 2026 as the source for risk factor discussion.
- Newer filing (2026-05-14) adds a paragraph describing a Follow-On Offering completed March 30, 2026, including sale of 10,783,205 shares by the Company and 23,716,795 shares by Selling Stockholders at $29.50 per share, with the Company receiving $308.6 million in net proceeds.
- Removed:
- Older filing (2026-03-16) referenced the final prospectus dated February 4, 2026 and filed February 6, 2026 as the source for risk factor discussion.
- Older filing (2026-03-16) contained a detailed IPO description, including sales of 16,586,427 shares by the Company and 39,413,573 by Selling Stockholders, and the exercise of the overallotment option on February 9, 2026 for 2,487,964 and 5,912,036 shares respectively.
- Older filing (2026-03-16) included the statement 'There has been no material change in the use of proceeds as described in the Prospectus.'
- Reworded:
- Risk Factors paragraph in newer filing (2026-05-14) replaces the reference to the Prospectus with a reference to the Follow-On Prospectus.
- Use of Proceeds section in newer filing (2026-05-14) is condensed into a single paragraph for the IPO and adds a new paragraph for the Follow-On Offering, whereas the older filing (2026-03-16) provided a more detailed IPO narrative.
- Item 5 timeframe changed from 'three months ended December 31, 2025' (older filing, 2026-03-16) to 'three months ended March 31, 2026' (newer filing, 2026-05-14).
- Notes:
- Focus was on the Risk Factors section and closely related Item 2 content; other sections of Part II are included but not fully compared.
- Newer filing signature block is incomplete in the provided text (only one signature block shown, while older filing shows two).
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-16. The 5 days since 2026-10-16 have not been checked yet.
- Last 180 days · read to 2026-10-160 buys · 6 sells — 3 selling insiders
Most recent open-market transaction: 2026-07-06. Based on Form 4 filings read through 2026-10-16; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about FPS's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding FPS as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 24,127,029
- Reported value $1,347,726,195
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 3 increased, 1 decreased, 1 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about FPS's institutional holders → See what each manager we track holds →
Short interest (FINRA)
FPS had 14,203,832 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for FPS because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 14,203,832
- Prior settlement (shares) 9,941,470
- Reported change 42.87%
- Days to cover (reported) 1.18
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Eaton (ETN)
- Schneider Electric (SU.PA)
- Siemens (SIEGY)
- ABB (ABBN.SW)
- Vertiv (VRT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Forgent Power Solutions (FPS) do?
Forgent Power Solutions, Inc. is a designer and manufacturer of electrical distribution equipment for data centers, the power grid, and industrial facilities. The company provides a range of products including switchgear, transformers, and modular Powertrain Solutions, alongside commissioning and maintenance services. It focuses on 'engineered-to-order' products for technically demanding applications requiring high reliability and performance.
What sector is Forgent Power Solutions (FPS) in?
Forgent Power Solutions (FPS) is classified in the Industrials sector. Its industry is electrical distribution equipment. It trades on NYSE.
Who are Forgent Power Solutions's (FPS) competitors?
Notable peers of Forgent Power Solutions (FPS) include Eaton, Schneider Electric, Siemens, ABB and Vertiv. This peer set is informational only — not financial advice.
Is Forgent Power Solutions (FPS) overbought or oversold right now?
Forgent Power Solutions (FPS) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 34, in the neutral middle (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on FPS come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.