---
title: "FPS Forgent Power Solutions"
canonical: "https://supercyclehq.com/stock/forgent-power-solutions"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "FPS"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Forgent Power Solutions (FPS)

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.

## AI Exposure Score

**50/100, Strategic.** Forgent designs and manufactures the switchgear, transformers, and power distribution equipment that connects utility power to hyperscale data center loads, with data centers already representing 42 percent of its revenue and 47 percent of its backlog. Exposure hinges on hyperscaler capital spending staying strong enough to keep pulling grid equipment orders ahead of its legacy industrial and utility business.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $24.56 |
| Change 1d | -4.84% |
| Change 7d | -2.23% |
| Change 30d | -39.13% |
| Change 1y | -15.31% |
| 52-week high | $64.59 |
| 52-week low | $24.22 |
| Market cap | $7.8B |
| P/E | 81.87 |
| EPS | $0.30 |
| Next earnings | 2026-11-12 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NYSE |
| Sector | Industrials |
| Headquarters | Dayton, Minnesota |
| CEO | Gary John Niederpruem |
| Employees | 3,000 |
| Website | https://www.forgentpower.com |
| Buildout layers | [Utilities & Grid](https://supercyclehq.com/category/utilities-grid) |

## What the company does

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.

## Role 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.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [Philippe Laffont](https://supercyclehq.com/investors/philippe-laffont) | Coatue Management | $1.1B | 2.35% | new | 2026-06-30 |
| [George Soros](https://supercyclehq.com/investors/george-soros) | Soros Fund Management | $35.1M | 0.46% | increased | 2026-06-30 |

## FAQ

### 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.

---

Source: https://supercyclehq.com/stock/forgent-power-solutions. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.