Forgent Power Solutions (FPS)
Builds custom electrical-distribution equipment and factory-integrated power systems.
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Designs and builds custom electrical-distribution equipment and factory-integrated power systems for data centers, grid infrastructure and industrial facilities. Revenue comes mainly from engineered-to-order products and powertrain solutions, while the listed corporation consolidates its operating company through an Up-C structure.
Designs, engineers, manufactures and services electrical-distribution equipment that links power sources to loads in data centers, grid infrastructure and energy-intensive industrial facilities. Product lines include transformers, switchgear, transfer switches, panelboards, generator-connection cabinets, power skids and electrical houses, plus installation, maintenance and commissioning.
Builds much of the work to order, combining application engineering, in-house production of bottleneck equipment and factory-integrated powertrain systems. Customers include technology, power, utility and industrial companies, OEMs, integrators, contractors and distributors; substantially all revenue comes from North America.
Operates as one reporting segment after combining MGM Transformers, PwrQ, States Manufacturing and VanTran. Demand, capacity ramp-up, materials and specialized-supplier availability shape execution. The listed corporation controls and consolidates its operating company through an indirect managing-member interest in an Up-C structure.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 15, 2026 | Robert W. Baird | Target | Target: — | Target: $55 |
| Jul 9, 2026 | Wolfe Research | Reiterate | Rating: —Target: — | Target: $60 |
| May 29, 2026 | Jefferies | Target | Target: — | Target: $56 |
| May 17, 2026 | Morgan Stanley | Target | Target: — | Target: $51 |
| May 15, 2026 | TD Securities | Target | Target: — | Target: $63 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $121.7M · Total debt $703.8M · Total assets $2.25B · Shareholders' equity $564.3M
- Revenue
- $461.7M
- Operating income
- $92.4M
- Net income
- $53.3M
No dividends on record.
| Institutions | ≈ 63.29% | 164.52M shares | |
|---|---|---|---|
| 389 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 36.71% | 95.45M shares | |
| remainder | |||
259.97M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Coatue Management LLCInstitution | 7.89% | 20.50M | as of Jun 30, 2026 |
FMR LLCInstitution | 4.04% | 10.51M | as of Jun 30, 2026 |
Jupiter Topco LLCInstitution | 3.25% | 8.46M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 2.75% | 7.14M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.56% | 6.67M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Vertiv
Head-to-head in data-center critical power and integrated infrastructure.
- Eaton
Head-to-head in transformers, medium-voltage switchgear and data-center power.
- GE Vernova
Head-to-head in North American custom transformers and grid projects.
- Hubbell
Head-to-head in data-center power distribution and turnkey grid systems.
- nVent Electric
Head-to-head in custom data-center switchgear, PDUs and power skids.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Forgent Power Solutions | $38.44 | +1.83% | $9.81B | 132.8 | 29.6 | 6.9 | — |
| Vertiv | $254.16 | +1.31% | $96.58B | 56.8 | 32.4 | 8.4 | +24.1% |
| Eaton | $441.49 | +1.39% | $169.08B | 44.3 | 29.3 | 5.6 | +21.4% |
| GE Vernova | $950.59 | +0.46% | $252.01B | 27.2 | 46.1 | 6.1 | +21.9% |
| Hubbell | $457.56 | +0.02% | $24.17B | 27.1 | 21.1 | 3.9 | +15.3% |
| nVent Electric | $162.66 | +2.02% | $25.78B | 43.7 | 28.0 | 5.3 | +52.8% |
| Median | 43.7 | 29.3 | 5.6 | +21.9% |