Forgent Power Solutions (NYSE:FPS) Shares Gap Up – Still a Buy?

Forgent Power Solutions, Inc. (NYSE:FPS) gapped up before the market opened on Wednesday. The stock had previously closed at $30.23, but opened at $32.57. Forgent Power Solutions shares last traded at $31.2640, with a volume of 786,701 shares changing hands.

More Forgent Power Solutions News

Here are the key news stories impacting Forgent Power Solutions this week:

• Positive Sentiment: Forgent said fiscal first-quarter 2027 revenue and adjusted EBITDA will exceed the high end of its previously issued guidance, suggesting stronger-than-expected operating performance. The company will release full results before the market opens on November 12 and host a conference call afterward. Forgent to Report Fiscal First Quarter 2027 Results; Revenues and Adjusted EBITDA Will Exceed High End of Guidance
• Neutral Sentiment: Trading in FPS was temporarily halted with the reason listed as “news pending,” reflecting the market’s immediate reaction to the management announcement and heightened uncertainty around the CFO transition.
• Negative Sentiment: CFO Ryan Fiedler is stepping down, and Finance Chief Amy Ard has been named his successor, effective October 21, 2026. Although the company did not indicate that the change would affect its operating outlook, an unplanned senior-finance departure can raise concerns about continuity, financial reporting, and execution. Forgent CFO Ryan Fiedler To Step Down, Finance Chief Amy Ard Named Successor; Shares Tumble
• Negative Sentiment: The CFO news prompted a sharp selloff, with reports indicating that FPS fell to or near a record low and below its IPO price. The move occurred on volume far above average, signaling strong investor concern despite the company’s upbeat preliminary guidance. Forgent stock falls 11% on CFO transition announcement

Analysts Set New Price Targets

Several research firms have recently weighed in on FPS. Oppenheimer reiterated an “outperform” rating and issued a $60.00 target price on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Wolfe Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Forgent Power Solutions in a report on Thursday, July 9th. TD Cowen lifted their price objective on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, September 16th. KeyCorp reissued an “overweight” rating on shares of Forgent Power Solutions in a report on Wednesday, September 16th. Finally, Robert W. Baird began coverage on shares of Forgent Power Solutions in a report on Wednesday, July 15th. They set an “outperform” rating and a $55.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Forgent Power Solutions has an average rating of “Moderate Buy” and an average target price of $55.64.

Forgent Power Solutions Stock Down 21.6%

The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $34.49 and a two-hundred day simple moving average of $40.86.

Forgent Power Solutions (NYSE:FPS) last announced its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The firm had revenue of $461.67 million for the quarter. Forgent Power Solutions’s revenue for the quarter was up 94.3% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. Sell-side analysts expect that Forgent Power Solutions, Inc. will post 1.28 EPS for the current fiscal year.

Institutional Trading of Forgent Power Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in Forgent Power Solutions in the 2nd quarter valued at $30,000. City State Bank bought a new position in shares of Forgent Power Solutions in the third quarter worth $32,000. GAMMA Investing LLC increased its holdings in shares of Forgent Power Solutions by 918.5% in the third quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after purchasing an additional 845 shares during the period. Triumph Capital Management purchased a new stake in shares of Forgent Power Solutions in the second quarter worth $39,000. Finally, IFP Advisors Inc purchased a new stake in shares of Forgent Power Solutions in the second quarter worth $48,000.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc is a North American provider of equipment and services used in electrical power distribution. The company supports utilities, commercial and industrial customers, renewable-energy projects, data centers, and other infrastructure operators that require reliable systems for managing and distributing electricity.

Its offerings include power transformers, switchgear, substations, and related electrical distribution equipment. Forgent also provides engineering, field services, maintenance, repair, and other support intended to help customers install, operate, and extend the useful life of critical power infrastructure.

The company serves customers across the United States and Canada through its manufacturing, distribution, and service operations.