Roth Capital initiated coverage of Forgent Power Solutions (NYSE: FPS) with a Buy rating and a $42 price target, citing the company’s exposure to the growing AI power infrastructure sector.
Roth’s analyst sees opportunities for Forgent to gain market share and increase its content per project. The firm said Forgent’s customization capabilities, vertical integration and factory-integrated solutions address key customer priorities: time-to-power and execution certainty.