Forgent Power Solutions, Inc.’s Quiet Period To Expire Tomorrow (NYSE:FPS)

Forgent Power Solutions’ (NYSE:FPS) quiet period will end on Tuesday, March 17th. Forgent Power Solutions had issued 56,000,000 shares in its public offering on February 5th. The total size of the offering was $1,512,000,000 based on an initial share price of $27.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

FPS has been the subject of a number of research analyst reports. Zacks Research raised shares of Forgent Power Solutions to a “hold” rating in a report on Tuesday, March 10th. KeyCorp began coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They set an “overweight” rating and a $41.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $40.00 target price on the stock. Morgan Stanley began coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “equal weight” rating and a $38.00 target price for the company. Finally, TD Cowen started coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They set a “buy” rating and a $45.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.30.

Forgent Power Solutions Stock Performance

Shares of NYSE FPS opened at $31.02 on Monday. Forgent Power Solutions has a 12 month low of $25.95 and a 12 month high of $37.53.

About Forgent Power Solutions

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.