What smart money is saying about Forgent Power Solutions
5 funds in our archive have pitched Forgent Power Solutions, most recently Granahan Investment Management Focused Growth Strategy in September 2026.
Forgent Power Solutions, Inc. specializes in the engineering and manufacturing of electrical power distribution systems. These critical solutions are vital for cutting-edge data centers, extensive power grids, and various energy-demanding industrial environments. The company's comprehensive product line encompasses a wide range of electrical infrastructure, such as different forms of switchgear (including low voltage, medium voltage, and paralleling), a variety of transformers (like low voltage, medium voltage VPI, padmount, PDU, and substation types), power distribution units (PDUs), and specialized enclosures like gear eHouses and UPS eHouses. Their portfolio also includes automatic transfer switches (ATS), generator connection cabinets, panelboards, power skids, remote power panels, switchboards, and tap boxes. Beyond manufacturing, Forgent Power Solutions delivers essential services, including maintenance, testing, repairs, system modernization, start-up and commissioning, and aftermarket retrofit services. Their client base spans key sectors, serving technology companies, power generators, utility providers, and diverse industrial operations. Established in 2023, the firm is based in Dayton, Minnesota.
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Fund signal · last 12 months
4 lettersToo few moves on Forgent Power Solutions yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2026 and Q3 2026, 4 fund letters reported a position in Forgent Power Solutions, with 2 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 1 | 1 |
| Q2 2026 | 3 | 2 | 1 | 1 |
| Q1 2026 | 0 | 0 | 0 | 3 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 4 positions · 4 moves
- September 2026
“• Forgent Power Solutions (FPS) – Forgent designs and manufactures electrical distribution equipment for data centers, the power grid, and energy-intensive industrial facilities. The stock fell -33%, detracting -106 basis points, as AI infrastructure stocks de-rated on higher interest rates and renewed questions about the pace of data center spending. The company reported strong operating results: fiscal Q4 (June) was the strongest quarter in the company's history, with bookings of $1.5 billion, its first direct order from a frontier AI lab, and initial fiscal 2027 guidance well above the plan laid out at the February IPO. We cut the position meaningfully during the quarter, largely before the decline, as the expected return had compressed after the stock's run in the first half. FPS is a below-average position.”
Forgent Power Solutions - New positionSpyglass Growth StrategyJune 2026
“Forgent Power Solutions, Inc. (FPS), a manufacturer of mission-critical electrical equipment, was a new position during the second quarter.”
Forgent Power Solutions - June 2026
“• Forgent Power Solutions (FPS) – Forgent designs and manufactures bespoke electrical distribution equipment for data centers, the power grid, and energy-intensive industrial facilities. The stock nearly doubled in the quarter (+91%), contributing +304 basis points. Demand has been extraordinary: March quarter bookings quadrupled year over year, backlog reached nearly $2 billion (+157% year over year), and management raised fiscal 2026 revenue guidance. Power availability remains a key constraint on AI data center construction, and Forgent sits squarely in that bottleneck. We started the position at the company’s February IPO and added to it in the months that followed. Given the strong move in Q2, we cut FPS to a modestly above average position.”
Forgent Power Solutions - June 2026
“5. Forgent Power Solutions, Inc. (FPS) FPS designs and manufactures highly engineered electrical equipment and integrated power solutions for data centers, utilities, and industrial markets. We were attracted to the company's accelerating market share gains, expanding margins, and exposure to long-term electrification and AI-driven infrastructure investment.”
Forgent Power Solutions
Also mentioned · 1
These funds discuss Forgent Power Solutions as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedHennessy Energy Transition FundJune 2026
“Year-to-date, much of the IPO activity in the marketplace is taking place in the power sector where the growing demand for power generation and delivery is creating market opportunities for a number of companies. Recent IPOs include, for example, Forgent Power Solutions (FPS) which is a U.S. designer and manufacturer of custom, engineered-to-order electrical distribution equipment.”
Forgent Power Solutions
Fund coverage · 5 theses
- Granahan Investment Management Focused Growth StrategySeptember 2026
Forgent Power Solutions makes electrical distribution equipment for data centers and power-intensive facilities, supported by record bookings and early AI infrastructure demand.
Read the full thesis Forgent Power Solutions, Inc. designs electrical equipment and power solutions, and the thesis is driven by AI/electrification tailwinds, margin expansion, and market share gains.
Read the full thesis- Baron Asset FundMarch 2026
Forgent Power Solutions is a custom low- and medium-voltage equipment manufacturer poised to benefit from AI data center and grid capex with expanding margins and significant growth ambitions.
Read the full thesis - Baron Opportunity FundMarch 2026
Forgent Power Solutions is a custom electrical equipment maker with data center bottleneck exposure, strong backlog, and margin expansion potential.
Read the full thesis - Baron Global Opportunity FundMarch 2026
Forgent Power Solutions is a mission-critical electrical equipment maker benefiting from AI data center, grid, and reshoring tailwinds with strong margins and growth visibility.
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