Forgent Power Solutions
FPS · NYSE · Industrials
$39.44
+$1.43 (+3.63%) today
Market Cap
$12.58B
24h Volume
$809.3M
P/E Ratio
131.5
52w High
$64.59
52w Low
$27.97
Est. AI Revenue
42%
7-Day Sparkline (Static)
Company facts
Performance
About Forgent Power Solutions
Forgent Power Solutions designs and manufactures the electrical distribution equipment that connects utility power to the buildings that consume it, including data centers, the broader power grid, and energy intensive industrial facilities. Rather than selling mostly off the shelf parts, the company builds custom engineered systems for each customer's project, and it earns additional revenue from maintenance, testing, and retrofit work on equipment already in the field.
Its product line spans switchgear, transformers, power distribution units, prefabricated eHouses, generator connection cabinets, and automatic transfer switches: the hardware that carries power from a substation into a data center's racks or an industrial plant's production line. Data centers have become one of its largest and fastest growing end markets, alongside its legacy utility and industrial customers.
Forgent was formed in 2023 from a group of established electrical equipment manufacturers and is headquartered in Dayton, Minnesota. The company trades on the NYSE and employs roughly 2,000 people.
Forgent Power Solutions in the AI buildout
Forgent Power Solutions sits in the Utilities & Grid layer of the AI buildout. It manufactures the switchgear, transformers, and power distribution hardware that carries electricity from the grid into a data center's racks, equipment that has become one of the industry's real bottlenecks as hyperscalers race to energize new campuses. Data centers are already one of its largest and fastest growing end markets alongside its legacy utility and industrial customers, which is why Supercycle rates it Strategic rather than a Pure Play.
FPS is tracked in Utilities & Grid, rated Strategic on the AI Exposure leaderboard.
By the numbers
52-week range
FPS trades at $39.44, 31% of the way up its 52-week range of $27.97 to $64.59.
Market cap
Market capitalization is $12.58B, with an AI Exposure Score of 50 out of 100.
Valuation vs peers
Its P/E ratio of 131.5 is above the Utilities & Grid category median of 21.7.
Next earnings
Forgent Power Solutions is next expected to report earnings on September 15, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Forgent Power Solutions do?
Forgent designs and manufactures electrical distribution equipment, including switchgear, transformers, and power distribution units, for data centers, the power grid, and energy intensive industrial facilities. It builds custom engineered systems for each customer's project rather than selling mostly off the shelf parts.
How is Forgent Power Solutions exposed to AI?
Supercycle rates Forgent Strategic with an AI Exposure Score of 50 out of 100. Data centers are one of its largest and fastest growing end markets, but the company also serves utility and industrial customers outside the AI buildout.
What are Forgent's main products?
Its product line includes switchgear, transformers, power distribution units, prefabricated eHouses, generator connection cabinets, and automatic transfer switches, along with maintenance, testing, and retrofit services for equipment already in the field.
Is FPS a pure play AI stock?
No. Forgent is rated Strategic on Supercycle. Data center demand is a major and growing driver, but the company's grid and industrial customers still make up a large share of its business.
Who leads Forgent and where is it based?
Gary J. Niederpruem serves as chief executive officer. Forgent was formed in 2023, is headquartered in Dayton, Minnesota, employs roughly 2,000 people, and trades on the New York Stock Exchange.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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