Research Feed
FPS: Backlog Explosion Confirms Supply Chain Signal, But Priced for Perfection
Forgent Power Solutions (FPS) IPO'd Feb 5 at $27, now trading $33.76 (+25% in 3 days). PE roll-up (Neos Partners, 82% control) of four electrical distribution equipment manufacturers. Products: switchgear, transformers, PDUs, power skids for data centers (42% of revenue), grid (23%), industrial (19%