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FPS · Analysis updated Nov 11, 2026, 4:48 PM ET
Why is Forgent Power Solutions (FPS) stock moving?
FPS has fallen about 70% from its $66.00 high on Jun 22, and it hit a low of $17.67 on Nov 6. It dropped from $27.14 to $18.21 over Nov 3-5, on volume of 17M and 25M shares. The stock has since bounced to $24.57, up about 35% from that close, ahead of fiscal Q1 2027 results due before the open on Nov 12. The company pre-announced on Oct 22 that revenue and Adjusted EBITDA would beat the top of its guidance. Fundamentals are strong: fiscal Q4 revenue rose 94% to $462M, and fiscal 2027 guidance calls for revenue of $2.4-2.6B. The average analyst target of about $53 is far above the price, although JPMorgan cut its target to $35. The stock is very volatile, with daily swings of 10-20%. Options imply an 11% earnings move. The reaction to the Sept 15 report was flat despite a beat. The stock is likely to react mainly to bookings, backlog and guidance commentary. The cause of the sharp early-November selloff is not clear from the news reviewed, which adds uncertainty.
News behind the analysis
- Forgent to Report Fiscal Q1 2027 Results; Revenues and Adjusted EBITDA Will Exceed High End of GuidanceOn Oct 22, Forgent said fiscal Q1 2027 revenue and Adjusted EBITDA will beat the top of its guidance. It will report in full before the market opens on Nov 12.
- Forgent Power Solutions options signal 11% move on earningsOptions data compiled by Bloomberg imply an 11% move on the Nov 12 report. Past implied moves were right in only one of the last three reports.
- Forgent Power Solutions Q4 FY2026 results and FY2027 guidanceQ4 revenue was $462M, up 94%. FY2027 guidance is revenue of $2.4-2.6B and Adjusted EPS of $1.26-1.40.
- FPS stock quote and analyst summaryAnalysts rate the stock Strong Buy with an average price target near $52.85. The stock hit an all-time low of $17.67 on Nov 6, and earnings are due Nov 12.
- FPS stock overview with all-time high and lowThe stock peaked at $66.00 on Jun 22 and bottomed at $17.67 on Nov 6. JPMorgan cut its price target to $35 from $49 while keeping Overweight.
- Forgent Power Solutions (FPS) stock price and analysisThe stock closed at $26.99 on Oct 27, with a consensus Moderate Buy rating and an average price target of $54.21.
- Forgent Power Solutions stock quote, Nov 6The stock closed at $19.48 on Nov 6, up 6.97% on the day, after hitting a $17.67 low. Volume was 15M against an average of 9M.
About Forgent Power Solutions, Inc.
Forgent Power Solutions is a Minnesota-based US company that designs and builds electrical distribution equipment such as transformers, switchgear and prefabricated power skids. Its customers are data centers, utilities and heavy industrial sites. It went public on the NYSE in February 2026, raising about $1.5 billion, and says it is one of the few makers that can supply a facility's entire power-distribution chain with heavy customization and short lead times.
How it makes money
Most of its revenue comes from selling standard and custom-built electrical gear. That includes low- and medium-voltage transformers, switchboards and switchgear, panelboards, automatic transfer switches, and power distribution units. It also sells integrated 'powertrain' packages like power skids and e-houses, mainly for data centers, the power grid and industrial projects. A smaller share comes from services: commissioning, testing, repair, maintenance and retrofits. It has reported an order backlog of roughly $3 billion, so how fast it can turn those orders into shipments matters a lot to its results.
What usually moves FPS
- AI and data-center construction spending
- Utility grid investment and electrification
- Turning its order backlog into shipments and adding factory capacity
- Profit margins and free cash flow as a newly public company
- Supply of materials such as copper and electrical steel