Oppenheimer Reiterates Outperform on Forgent Power Solutions, Maintains $60 Price Target
Oppenheimer analyst Noah Kaye reiterates Forgent Power Solutions (NYSE:FPS) with a Outperform and maintains $60 price target.
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Dow Dips 150 Points as 10-Year Yield Tops 5%: Investor Sentiment Weakens, Fear & Greed Index Remains in ‘Fear’ Zone
U.S. stocks fell as oil surged; CNN Fear & Greed slipped to 31, staying in fear. Treasury yields topped 5%, while Zscaler jumped and Corning sank.
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FPS Q4 Earnings Beat Estimates on Powertrain Solutions Growth
Forgent Power Solutions (FPS) reported 94% revenue growth in Q4 fiscal 2026 to $462 million, driven by custom products and Powertrain Solutions for data center customers. The company achieved record bookings of $1.50 billion and backlog of $3.02 billion with a 3.3x book-to-bill ratio. FPS projects fiscal 2027 revenues of $2.4-$2.6 billion with 76% growth and is expanding capacity with a $35 million Powertrain Solutions facility investment.
Company News for Sep 16, 2026
Several stocks showed significant movement following corporate announcements. Forgent Power Solutions jumped 9.5% after beating earnings estimates, while Skyworks Solutions surged 13.6% on optimism about a Qorvo merger closing by late September or October. Qorvo also gained 9.3%. However, Axon Enterprise slipped 9.8% following plans for a $1 billion debt issuance. Valero Energy rose 3.7% as crude oil prices climbed amid Middle East supply concerns.
Mizuho Maintains Outperform on Corning, Lowers Price Target to $180
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