On June 18, Forgent Power Solutions rose 5.08% in regular trading, trading at $63.715/share, with turnover of $23.86 million.
On the news front, Bank of America significantly raised its target price on the company from $57 to $68 while maintaining a buy rating, providing sustained upward momentum. Additionally, research firm SemiAnalysis recently issued a report noting that the 800VDC high-voltage power supply solution has been delayed to mass production after 2028 and co-packaged optics (CPO) timelines have been pushed back across the board. These delays effectively extend the demand window for traditional power distribution equipment, prompting an explicit rating upgrade for Forgent Power Solutions.
Forgent Power Solutions is a leading designer and manufacturer of power distribution equipment, with products widely deployed in data centers, power grids, and high-energy-consumption industrial facilities. Its core offerings include automatic transfer switches, dry-type transformers, power distribution rooms, switchgear panels, and switching equipment. The convergence of multiple institutional upgrades has continued to fuel bullish sentiment around the stock.
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