Why Forgent Power Stock Keeps Going Up September 16, 2026 — 09:50 pm EDT
Written by Joe Tenebruso for The Motley Fool
linkedin Demand is rising for Forgent's custom-engineered powertrain solutions.
Several investment banks foresee significant gains for investors who buy shares now.
Shares of Forgent Power Solutions (NYSE: FPS) furthered their ascent on Wednesday, following bullish analyst commentary.
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The AI boom is driving Forgent's revenue sharply higher Forgent's fiscal fourth-quarter report, released on Tuesday, provided clear evidence of the electrical equipment maker's excellent artificial intelligence ( AI )-driven expansion prospects.
Revenue was up 94% to $462 million. Bookings -- binding customer purchase orders that are expected to be converted into future sales -- grew by an even more impressive 375% to $1.5 billion. And its adjusted net income rocketed 275% to $77 million.
Wall Street sees mor...