Forgent Power Solutions (NYSE:FPS) Trading 8% Higher – Here’s What Happened

Posted by Paula Ricardo on Mar 16th, 2026

Shares of Forgent Power Solutions, Inc. (NYSE:FPS – Get Free Report) traded up 8% on Monday . The company traded as high as $33.80 and last traded at $33.45. 986,344 shares traded hands during trading, a decline of 66% from the average session volume of 2,925,026 shares. The stock had previously closed at $30.97.

Analyst Ratings Changes

A number of research analysts have recently commented on FPS shares. Wolfe Research set a $48.00 target price on Forgent Power Solutions in a research note on Monday, March 2nd. Oppenheimer began coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued an “outperform” rating and a $42.00 price objective for the company. TD Cowen began coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They set a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group began coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued a “buy” rating and a $44.00 price target on the stock. Finally, Zacks Research raised Forgent Power Solutions to a “hold” rating in a research report on Tuesday, March 10th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.30.

Read Our Latest Stock Report on Forgent Power Solutions

Forgent Power Solutions Trading Up 13.4%

About Forgent Power Solutions

(Get Free Report)

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.