On May 20, Forgent Power Solutions rose 5.24% in regular trading, trading at $44.745/share, with trading volume of $48.17 million.

On the news front, the Heavy Electrical Equipment sector staged a broad-based rebound after consecutive sessions of weakness and profit-taking pressure. Sector peers rallied sharply, with Bloom Energy up 11.28%, NANO Nuclear Energy up 9.22%, X-Energy up 8.03%, NuScale Power up 4.96%, and GE Vernova up 2.39%, lifting Forgent Power Solutions alongside the broader recovery.

Additionally, multiple investment banks recently raised their price targets on the stock following its strong fiscal Q3 results, with TD Cowen setting a target of $63, JPMorgan at $56, and Oppenheimer at $60, all maintaining buy-equivalent ratings. The company had previously reported Q3 revenue of $378.7 million, up 103% year-over-year, and adjusted net income of $55.3 million, up 132%, while raising full-year fiscal guidance. The combination of sector-wide recovery momentum and sustained institutional confidence provided support for the stock's rebound from recent lows.

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