On June 15, Forgent Power Solutions rose 5.01% in pre-market trading, trading at $61.99/share, with turnover of approximately $416,700.

On the news front, Bank of America recently raised its target price on the company significantly from $57 to $68 while maintaining a buy rating. According to FactSet data, the stock currently carries an average analyst rating of buy with a mean price target of $58.30. This marks a continuation of institutional upgrades, following SemiAnalysis's earlier rating upgrade on June 9 citing extended demand windows for traditional power distribution equipment as 800VDC high-voltage solutions and CPO co-packaged optics face delays to post-2028 mass production.

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. Core products include automatic transfer switches, dry-type transformers, power distribution rooms, switchgear, and switchboards. The stock has rallied from its $47 offering price following the completion of its expanded Class A common stock issuance in early June.

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