$37.92
+0.17 (+0.45%)
FPS News3 articles
Forgent's $3B Backlog Drives 13% Stock Surge Despite Negative FCF
Forgent Power Solutions (FPS) surged 12.67% after reporting $1.503B in Q4 bookings and a $3B backlog, but full-year free cash flow was negative $6.8M.
Forgent Power Surges 37% Above Follow-On Price as AI Data Center Demand Drives Record Orders
Forgent Power shares surged 37% above its $47 follow-on price, fueled by record bookings and backlog as AI data center demand keeps investor interest high.
Forgent Power Soars on Record Orders, AI Data Center Demand Drives Growth
Forgent Power Solutions raised its FY2026 revenue forecast after record Q3 bookings of $867 million, signaling robust AI data center demand. Shares jumped in premarket trading.