Why Is FORGENT PWR SOLUTION A (FPS) Stock Up Today?

Why FPS stock is up today

Forgent Power Solutions A (FPS) surged 14.94% to $36.05 in a single session, driven by a combination of strong earnings results and fresh analyst commentary. The stock opened with a modest 1.5% gap up and continued to climb throughout the day, reaching an intraday high of $36.13. The move followed the release of record Q4 2026 results and a raised price target from TD Cowen, as well as renewed analyst optimism from JPMorgan and KeyBanc.

What Happened

Forment Power Solutions reported Q4 2026 results that exceeded expectations, including revenue of $462 million, up 94% year over year, and adjusted EBITDA of $113 million. The company also disclosed a record backlog of $3 billion, covering over 90% of its full-year guidance. This performance prompted TD Cowen to raise its price target for FPS to $76 from $73. JPMorgan and KeyBanc both reiterated their positive outlooks, with JPMorgan calling the recent selloff overdone and KeyBanc maintaining an Overweight rating with a $60 price target.

What The Data Shows

The stock opened at $31.82 and traded as low as $31.70 before rallying to a high of $36.13. Volume reached 11.3 million shares, 1.5 times the 3-month average, indicating strong participation. Options activity showed a heavy skew toward calls, with $5.6 million in call premiums compared to $1.9 million in puts. The stock has gained 4.2% over the last eight sessions, rising from $30.60 to $31.88. Meanwhile, the 52-week tape showed 24 fresh 52-week highs on September 16, 2026, but no new 52-week lows.

What To Watch

Forgent Power Solutions is expected to continue to attract attention from analysts and traders as it approaches its next key milestone. Investors should monitor the company’s upcoming developments and any further analyst commentary that could influence the stock’s trajectory.