India, Sept. 15 -- Forgent Power Solutions, Inc. (FPS) is up 11.10 percent, gaining $3.18 to $31.82 on Tuesday. The move comes after the electrical distribution equipment maker initiated its adjusted earnings and revenue guidance for full-year 2027, with the outlook significantly above its IPO forecast amid accelerating demand and strong execution on its production ramp.
Forgent Power Solutions is currently trading at $31.82, up from the previous close of $28.64 after opening at $30.93 on the New York Stock Exchange. The stock has traded between $29.50 and $33.09 during the session, with trading volume at 16.03 million shares versus average volume of 7.78 million.
For fiscal 2027, Forgent expects adjusted earnings of $1.26 to $1.40 per sh...