Forgent Power Solutions, Inc.’s (NYSE:FPS) Quiet Period Set To Expire on March 17th

Forgent Power Solutions’ (NYSE:FPS) quiet period will end on Tuesday, March 17th. Forgent Power Solutions had issued 56,000,000 shares in its IPO on February 5th. The total size of the offering was $1,512,000,000 based on an initial share price of $27.00. During Forgent Power Solutions’ quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FPS. Wall Street Zen raised Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Jefferies Financial Group started coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $44.00 price target for the company. KeyCorp began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an “overweight” rating and a $41.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They set an “overweight” rating and a $40.00 price objective on the stock. Finally, Bank of America started coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set a “buy” rating and a $48.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.30.

Forgent Power Solutions Stock Performance

Shares of FPS stock opened at $31.02 on Friday. Forgent Power Solutions has a twelve month low of $25.95 and a twelve month high of $37.53.

Forgent Power Solutions Company Profile

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.