Forgent Power Solutions, Inc.’s Lock-Up Period To End on August 4th (NYSE:FPS)

Forgent Power Solutions’ (NYSE:FPS) lock-up period will end on Tuesday, August 4th. 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. After the expiration of Forgent Power Solutions’ lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zacks Research raised Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. The Goldman Sachs Group upped their price objective on shares of Forgent Power Solutions from $49.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 15th. KeyCorp increased their price objective on shares of Forgent Power Solutions from $41.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Morgan Stanley lifted their target price on shares of Forgent Power Solutions from $38.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Sunday, May 17th. Finally, TD Securities reissued a “buy” rating and set a $63.00 target price on shares of Forgent Power Solutions in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Forgent Power Solutions has an average rating of “Moderate Buy” and an average target price of $56.75.

Forgent Power Solutions Stock Performance

Shares of NYSE FPS opened at $33.14 on Friday. The company’s 50 day simple moving average is $49.57. The firm has a market cap of $10.09 billion and a PE ratio of 220.93. Forgent Power Solutions has a 12 month low of $25.95 and a 12 month high of $66.00.

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.