Forgent (FPS) Powers 11% Higher on Swing to Profits, Upbeat Outlook

Forgent Power Solutions (NYSE:FPS) experienced a significant rally on Wednesday, gaining 11.10% to close at $34.84 per share, extending gains from the previous trading day. The advance followed the company’s announcement of a return to profitability in the fourth quarter of fiscal year 2026, alongside substantially improved financial performance across multiple metrics.
The company reported net income of $66.09 million for the fourth quarter, a marked reversal from a net loss of $4.76 mil