Why Forgent Power Stock Popped Today
The AI race is a boon for the electrical equipment maker.
Overview
Shares of Forgent Power Solutions (NYSE: FPS) jumped on Tuesday after the electrical infrastructure manufacturer reported torrid artificial intelligence (AI)-fueled growth.
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Forgent's revenue surged 94% year over year to $462 million in its fiscal 2026 fourth quarter, which ended on June 30.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.