On June 23, Forgent Power Solutions declined 7.15% in regular trading, trading at approximately $60.94/share, with turnover of $76.08 million. The stock had already fallen 6.32% in pre-market trading before extending losses during the regular session.

On the news front, the Heavy Electrical Equipment sector saw broad-based selling pressure, with major peers including Bloom Energy down 6.03%, GE Vernova down 6.26%, and INNIO Holding down 5.15%, creating significant drag on Forgent Power Solutions. The sector-wide weakness erased recent gains that had been driven by institutional upgrades and Bank of America raising its price target to $68 from $57 earlier in the month.

Forgent Power Solutions is a leading designer and manufacturer of power distribution equipment, with products widely used in data centers, power grids, and high-energy-consumption industrial facilities. Its main products include automatic transfer switches, dry-type transformers, power distribution rooms, switchgear cabinets, and switching equipment.

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