Forgent Power Solutions (NYSE:FPS) Shares Gap Down – Time to Sell?

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) gapped down prior to trading on Wednesday . The stock had previously closed at $35.78, but opened at $33.38. Forgent Power Solutions shares last traded at $32.7550, with a volume of 1,328,744 shares.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KeyCorp started coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set an “overweight” rating and a $41.00 target price on the stock. Barclays started coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “overweight” rating and a $44.00 price objective on the stock. Wall Street Zen raised Forgent Power Solutions to a “hold” rating in a report on Monday, February 16th. Wolfe Research set a $48.00 price target on shares of Forgent Power Solutions in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. started coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “overweight” rating and a $40.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.40.

Forgent Power Solutions Trading Down 9.2%

About Forgent Power Solutions

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.