Why Forgent Power Stock Slumped This Week (And What You Should Do)
Forgent Power is an AI data center play that recently went public and has a crucial edge over competitors.
Overview
Shares of Forgent Power Solutions (NYSE: FPS) took a beating this week, falling 17% through 2 p.m. ET Friday.
Forgent is an artificial intelligence (AI) pick-and-shovel play that supplies data centers with critical electrical hardware like switchgear, transformers, and automatic transfer switches. The company went public in February 2026, and business is booming, with backlog almost touching $2 billion n the latest quarter.
Details
So why is the stock plummeting? It all comes down to heavy insider selling, but it's not what you think.
Source
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.