Forgent Power Solutions (FPS)
Market Price (10/3/2026): $40.48 | Market Cap: $-Sector: Industrials | Industry: Electrical Components & Equipment
Forgent Power Solutions (FPS)
Market Price (10/3/2026): $40.48Market Cap: $-Sector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Key risksFPS key risks include [1] its demanding valuation, Show more. |
| Key risksFPS key risks include [1] its demanding valuation, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Forgent Power Solutions (FPS) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. Significant Share Dilution from Secondary Offering: Forgent Power Solutions' stock experienced a sharp decline primarily due to a heavily discounted secondary offering of 43.65 million shares, priced at $49.00, announced in early July 2026. This offering was a major catalyst for a plunge of approximately 35% in the share price, falling from $55.13 on June 26, 2026, to $35.66 by late July 2026. This marked the third equity offering within five months of the company's IPO, intensifying investor concerns about share dilution.
2. Private Equity Monetization and Insider Selling: The secondary offering was partly driven by ongoing private equity monetization pressure. Further downward pressure was exerted by the expiration of the IPO lockup period on August 4, 2026. This event enabled early institutional investors and insiders to liquidate holdings, contributing to "substantial insider selling totaling $649.9 million" over the preceding 12 months.
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Forgent Power Solutions (FPS) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. Significant Share Dilution from Secondary Offering: Forgent Power Solutions' stock experienced a sharp decline primarily due to a heavily discounted secondary offering of 43.65 million shares, priced at $49.00, announced in early July 2026. This offering was a major catalyst for a plunge of approximately 35% in the share price, falling from $55.13 on June 26, 2026, to $35.66 by late July 2026. This marked the third equity offering within five months of the company's IPO, intensifying investor concerns about share dilution.
2. Private Equity Monetization and Insider Selling: The secondary offering was partly driven by ongoing private equity monetization pressure. Further downward pressure was exerted by the expiration of the IPO lockup period on August 4, 2026. This event enabled early institutional investors and insiders to liquidate holdings, contributing to "substantial insider selling totaling $649.9 million" over the preceding 12 months.
3. Elevated Valuation and Analyst Downgrades: Forgent Power Solutions maintained an exceptionally high valuation, with a Price-to-Earnings (P/E) ratio of 1224.15x during the fiscal Q3 2026 earnings period (which ended March 31, 2026, with results reported May 14, 2026), signaling potential overvaluation. This stretched valuation made the stock particularly sensitive to negative sentiment, leading to analyst downgrades. For example, Weiss Ratings cut the stock from a "hold" to a "sell" on July 28, 2026, and Zacks Research lowered its rating from a "strong-buy" to a "hold" on September 8, 2026.
4. Surge in Short Interest: During June 2026, short interest in Forgent Power Solutions surged by 91.2%, reaching 12.85 million shares. This significant increase in bearish positioning amplified downward selling momentum, especially as the stock dropped below its 50-day moving average.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
6/30/2026 to 10/1/2026| Return | Correlation | |
|---|---|---|
| FPS | -33.2% | |
| Market (SPY) | 2.3% | 47.4% |
| Sector (XLI) | -9.0% | 56.9% |
Fundamental Drivers
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Market Drivers
3/31/2026 to 10/1/2026| Return | Correlation | |
|---|---|---|
| FPS | 27.5% | |
| Market (SPY) | 17.8% | 50.1% |
| Sector (XLI) | 4.5% | 49.6% |
Fundamental Drivers
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Market Drivers
9/30/2025 to 10/1/2026| Return | Correlation | |
|---|---|---|
| FPS | ||
| Market (SPY) | 15.6% | 52.6% |
| Sector (XLI) | 10.3% | 54.2% |
Fundamental Drivers
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Market Drivers
9/30/2023 to 10/1/2026| Return | Correlation | |
|---|---|---|
| FPS | ||
| Market (SPY) | 84.9% | 52.6% |
| Sector (XLI) | 73.0% | 54.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FPS Return | - | - | - | - | - | 28% | 28% |
| Peers Return | 37% | -2% | 112% | 75% | 29% | 44% | 827% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| FPS Win Rate | - | - | - | - | - | 62% | |
| Peers Win Rate | 62% | 42% | 68% | 68% | 58% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| FPS Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -20% | -34% | -21% | -28% | -43% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRT, ETN, HUBB, NVT, POWL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/2/2026 (YTD)
How Low Can It Go
FPS has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.8% | -18.8% |
| % Gain to Breakeven | 18.8% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.7% | -9.5% |
| % Gain to Breakeven | 13.2% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -11.1% | -12.2% |
| % Gain to Breakeven | 12.5% | 13.9% |
| Time to Breakeven | 51 days | 62 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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FPS has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.5% | -17.9% |
| % Gain to Breakeven | 29.0% | 21.8% |
| Time to Breakeven | 114 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -60.5% | -53.4% |
| % Gain to Breakeven | 153.2% | 114.4% |
| Time to Breakeven | 700 days | 1085 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Forgent Power Solutions (FPS)
Forgent Power Solutions (FPS) is a leading designer and manufacturer of essential electrical distribution equipment, which is critical for safely and efficiently delivering electricity from power plants to homes, businesses, and within complex facilities like data centers. The company is experiencing rapid growth, driven by significant investments in data centers for AI and cloud computing, new power generation capacity, utility grid upgrades, and the reshoring of manufacturing facilities. This robust demand led to a 56% increase in revenues in fiscal 2025, reaching $753.2 million, and a 44% rise in backlog to over $1 billion.
FPS manufactures a comprehensive array of electrical distribution equipment, including automatic transfer switches, various types of transformers, electrical houses, power distribution units, switchboards, and switchgear. While they offer standard products, their core specialization lies in "engineered-to-order" Custom Products and Powertrain Solutions, which collectively generated 91% of their fiscal 2025 revenues. These custom solutions are developed by a dedicated team of over 150 engineers, leveraging proprietary tools and a vast database of designs to address highly specific customer requirements related to power quality, uptime, challenging environments, space constraints, thermal management, and integration with other systems.
The company primarily serves demanding markets, with fiscal 2025 revenues largely stemming from the Data Center sector (42%), followed by Grid (23%), Industrial (19%), and other markets. Their customer base includes technology, power, utility, and industrial companies, as well as OEMs, integrators, and contractors, all predominantly located in North America. Given that their equipment is fundamental for operations and has a high consequence of failure, customers prioritize reliability and safety over price, a factor that plays directly into Forgent's strength in delivering tailored, high-performance solutions.
AI Analysis | Feedback
Here are two analogies to describe Forgent Power Solutions (FPS):
- Forgent Power Solutions is like the Rolls-Royce of electrical distribution equipment, providing bespoke, high-reliability power systems for mission-critical applications like data centers and the grid.
- Forgent Power Solutions is like ASML for power infrastructure, creating highly specialized, custom-engineered equipment essential for powering the growth of data centers and modern electrical grids.
AI Analysis | Feedback
- Automatic Transfer Switches (ATSs): Automatically switch an electrical load from a primary power source to a backup power source, ensuring uninterrupted power.
- Dry Type Transformers: Adjust voltage up or down as needed for safe use by equipment and devices, primarily in indoor environments.
- Electrical Houses (eHouses): Prefabricated, modular buildings that house and protect electrical equipment like switchgear, transformers, and control panels.
- Generator Connection Cabinets: Purpose-built enclosures that provide a safe and convenient connection point for generators.
- Liquid Filled Transformers: Adjust voltage up or down for transmission and safe use by equipment and devices primarily in outdoor environments.
- Panelboards: Distribute power within a building to individual branch circuits and provide overcurrent protection for those circuits.
- Power Distribution Units (PDUs): Pre-assembled units integrating multiple components to step down voltage and distribute power to GPUs and TPUs.
- Power Skids: Integrate multiple pieces of equipment into a portable enclosure or base for faster, "plug-and-play" installation of key electrical systems.
- Remote Power Panels (RPPs): Distribute power across server racks in a data center and provide remote monitoring and management capabilities.
- Switchboards: Distribute power within a building to downstream transformers and panelboards and provide overcurrent protection.
- Switchgear: Control, protect and isolate electrical circuits and equipment to facilitate testing, maintenance and repairs.
- Tap Boxes: Provide a secure interface between a building’s electrical busway system and its equipment.
- Custom Products: Electrical distribution equipment specifically designed and engineered-to-order for a customer's unique project or application requirements.
- Powertrain Solutions: Integrated combinations of custom electrical distribution products designed to work together as a system.
- On-site Services: Commissioning and maintenance services for the electrical distribution products they sell.
AI Analysis | Feedback
- Technology Companies: These customers are accelerating investment in data centers to meet the computational requirements for cloud computing and AI. FPS generated approximately 42% of its fiscal 2025 revenues from the Data Center market.
- Power and Utility Companies: This category includes independent power producers building new generation capacity and utilities upgrading and expanding T&D infrastructure to address rapid load growth. FPS generated approximately 23% of its fiscal 2025 revenues from the Grid market.
- Industrial Companies: These are energy-intensive industrial facilities and manufacturers who are reshoring their factories. FPS generated approximately 19% of its fiscal 2025 revenues from the Industrial market.
- Intermediaries: This broad category includes Original Equipment Manufacturers (OEMs) and integrators who incorporate FPS products into systems they sell; contractors that build data centers, power plants, and T&D infrastructure; and electrical products distributors.
AI Analysis | Feedback
AI Analysis | Feedback
Gary Niederpruem, Chief Executive Officer
Gary Niederpruem leads Forgent, spearheading the company's growth and performance across data centers, grid and renewables, and manufacturing markets. He brings over 25 years of experience in operations, strategy, and M&A, including senior leadership roles at Vertiv, where he helped lead the carve-out from Emerson Network Power and the company's transition to a publicly listed business. Prior to joining Forgent, Gary served as COO of Sasser Family Companies and as CEO of Cenergistic, guiding both organizations through periods of transformation and scale. Earlier in his career, he held leadership positions at Vertiv as Chief Strategy and Marketing Officer, Emerson Network Power as Vice President of Global Marketing and General Manager of Integrated Solutions, and at Danaher. Forgent Power Solutions itself was formed by the private equity firm Neos Partners, which acquired four legacy electrical equipment companies.
Ryan Fiedler, Chief Financial Officer
Ryan Fiedler joined Forgent Power Solutions as Chief Financial Officer in August 2025. He oversees financial strategy, planning, and reporting for the company. Before joining Forgent, Ryan spent over 14 years at Caterpillar Inc., where he most recently served as Chief Financial Officer of Resource Industries, leading financial strategy for a $12.4 billion sales segment. From 2022 to 2025, he was Vice President of Investor Relations at Caterpillar. Ryan's finance career began in investment banking at J.P. Morgan, where he supported M&A, IPOs, and capital markets.
Bobby Rogers, Chief Commercial Officer
Bobby Rogers was appointed Chief Commercial Officer of Forgent Power Solutions, effective September 15, 2025. He oversees Forgent's commercial strategy and leads its sales organization across the data center, grid, and industrial markets. Rogers brings 20 years of enterprise sales and sales management experience to Forgent, including his most recent role as Schneider's Vice President of Strategic Account Sales for the data center vertical in North America. He is recognized for building multiple high-performing sales organizations and growing market share.
Osman Ashai, Chief Strategy Officer
Osman Ashai leads strategy, market development, innovation, and M&A at Forgent. As CEO of PwrQ, he transformed the company into a scaled leader in data center power infrastructure, driving product expansion, manufacturing, and operational excellence, and a merger that integrated into critical customer ecosystems. His career spans industrials, financial services, and technology, where he is recognized for execution excellence, product market fit, and building high-growth, high-performing teams.
José Caballero, Chief Operating Officer
José Caballero serves as the Chief Operating Officer at Forgent Power Solutions.
AI Analysis | Feedback
The key risks to Forgent Power Solutions (FPS) include:
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Supply Chain Disruptions and Component Availability: The company's ability to manufacture and ship electrical distribution equipment is significantly impacted by the availability of key components, affecting lead times. Customers sometimes customize their orders to design out supply-constrained components, indicating an ongoing challenge in sourcing.
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Concentration of Revenue in Specific End Markets and Geographic Region: Forgent Power Solutions generates a substantial portion of its revenue from the Data Center (42%) and Grid (23%) markets. Furthermore, substantially all of its fiscal 2025 revenues were generated from customers located in North America. This concentration makes the company highly susceptible to economic downturns, reduced investment, or regulatory changes within these specific industries or the North American region.
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Reliance on Specialized Engineering Expertise: The company's business model is heavily focused on "engineered-to-order" Custom Products (78% of revenue) and Powertrain Solutions (13% of revenue), which depend on a dedicated team of over 150 engineers and proprietary design tools. The loss of key engineering talent or an inability to attract and retain skilled personnel could hinder its capacity to innovate, develop tailored solutions, and maintain its competitive advantage.
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
Forgent Power Solutions (FPS) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:
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Accelerated Investment in Data Centers: The increasing computational requirements for cloud computing and artificial intelligence are driving substantial investments in new data centers. As a leading designer and manufacturer of electrical distribution equipment essential for these facilities, Forgent Power Solutions is poised to benefit significantly from this expansion.
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Expansion and Upgrades of the Power Grid: Independent power producers are building new generation capacity to meet rising electricity demand, and utilities are upgrading and expanding transmission and distribution (T&D) infrastructure. Forgent Power Solutions' role in supplying critical electrical distribution equipment for these projects will contribute to its revenue growth.
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Reshoring of Manufacturing Facilities: Manufacturers are increasingly reshoring their factories to secure supply chains and mitigate the impact of tariffs. This trend necessitates new electrical infrastructure and equipment, creating additional demand for Forgent Power Solutions' products.
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Growing Demand for Customized Electrical Distribution Equipment: There is an increasing need for specialized electrical distribution equipment designed to address challenges such as varying power quality, stringent uptime requirements, space constraints, demanding thermal management, and evolving regulatory needs. Forgent Power Solutions' expertise in "engineered-to-order" Custom Products and Powertrain Solutions directly addresses this market demand across its target sectors.
AI Analysis | Feedback
Peer Outperformance in Electrical Components & Equipment
nullLatest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Forgent Power Solutions Stock 5-Day Losing Spree: Stock Falls 16% | 08/22/2026 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 252.20 |
| Mkt Cap | 27.4 |
| Rev LTM | 6,224 |
| Op Inc LTM | 1,254 |
| FCF LTM | 901 |
| FCF 3Y Avg | 796 |
| CFO LTM | 1,068 |
| CFO 3Y Avg | 966 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.5% |
| Rev Chg 3Y Avg | 21.7% |
| Rev Chg Q | 21.4% |
| QoQ Delta Rev Chg LTM | 5.3% |
| Op Inc Chg LTM | 10.1% |
| Op Inc Chg 3Y Avg | 30.8% |
| Op Mgn LTM | 19.4% |
| Op Mgn 3Y Avg | 18.2% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 17.2% |
| CFO/Rev 3Y Avg | 16.6% |
| FCF/Rev LTM | 14.5% |
| FCF/Rev 3Y Avg | 14.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 |
|---|---|---|
| Design, development, manufacturing, and marketing of products and services | 753 | 181 |
| Total | 753 | 181 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Design, development, manufacturing, and marketing of products and services | 72 | -5 |
| Total | 72 | -5 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Design, development, manufacturing, and marketing of products and services | 17 | -19 |
| Total | 17 | -19 |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.01 | 2.98 | 3.67 | 3.19 | 0.34 | -0.11 |
| Up Beta | -1.49 | 4.80 | 7.09 | 2.85 | -1.46 | 0.91 |
| Down Beta | 5.26 | 4.43 | 2.84 | 2.64 | -1.23 | -0.25 |
| Up Capture | 337% | 271% | 180% | 554% | 426% | 39% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 15 | 22 | 31 | 68 | 87 | 87 |
| Down Capture | -54% | 172% | 338% | 267% | 159% | 92% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 7 | 19 | 32 | 57 | 75 | 75 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FPS | |
|---|---|---|---|---|
| FPS | 28.9% | 82.6% | 0.82 | - |
| Sector ETF (XLI) | 10.3% | 17.3% | 0.40 | 54.2% |
| Equity (SPY) | 15.7% | 13.0% | 0.85 | 52.6% |
| Gold (GLD) | 7.7% | 29.6% | 0.25 | 31.6% |
| Commodities (DBC) | 45.6% | 20.8% | 1.69 | -17.8% |
| Real Estate (VNQ) | 1.2% | 13.6% | -0.16 | 1.6% |
| Bitcoin (BTCUSD) | -25.7% | 44.5% | -0.54 | 23.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FPS | |
|---|---|---|---|---|
| FPS | 5.2% | 82.6% | 0.82 | - |
| Sector ETF (XLI) | 12.5% | 17.6% | 0.54 | 54.2% |
| Equity (SPY) | 13.0% | 17.2% | 0.57 | 52.6% |
| Gold (GLD) | 18.6% | 18.9% | 0.80 | 31.6% |
| Commodities (DBC) | 10.6% | 19.6% | 0.42 | -17.8% |
| Real Estate (VNQ) | 0.4% | 18.9% | -0.08 | 1.6% |
| Bitcoin (BTCUSD) | 13.6% | 52.3% | 0.43 | 23.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FPS | |
|---|---|---|---|---|
| FPS | 2.6% | 82.6% | 0.82 | - |
| Sector ETF (XLI) | 13.2% | 20.0% | 0.58 | 54.2% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 52.6% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | 31.6% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | -17.8% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.17 | 1.6% |
| Bitcoin (BTCUSD) | 64.2% | 66.2% | 1.04 | 23.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Recent Forward Guidance
Updated 9/28/2026Latest: Q4 2026 Earnings Reported 9/15/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2027 Total Revenue Capacity | Reported | 5.80 Bil | ||||||
| 2027 Revenue | Reported | 2.40 Bil | 2.50 Bil | 2.60 Bil | 82.5% | Higher New | Guidance: 1.37 Bil for 2026 | |
| 2027 Revenue Growth | Reported | 76.0% | ||||||
| 2027 Adjusted EBITDA | Reported | 575.00 Mil | 600.00 Mil | 625.00 Mil | 90.5% | Higher New | Guidance: 315.00 Mil for 2026 | |
| 2027 Adjusted EBITDA Growth | Reported | 86.0% | ||||||
| 2027 Adjusted EPS | Reported | 1.26 | 1.33 | 1.4 | ||||
| 2027 Adjusted EPS Growth | Reported | 95.0% | ||||||
| 2027 Capital Expenditures | Reported | 87.00 Mil | ||||||
Prior: Q3 2026 Earnings Reported 5/14/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | Reported | 392.00 Mil | 412.00 Mil | 432.00 Mil | ||||
| Q4 2026 Adjusted EBITDA | Reported | 100.00 Mil | 105.00 Mil | 110.00 Mil | ||||
| Q4 2026 Adjusted Net Income | Reported | 67.00 Mil | 72.00 Mil | 77.00 Mil | ||||
| 2026 Revenue | Reported | 1.35 Bil | 1.37 Bil | 1.39 Bil | 5.4% | Raised | Guidance: 1.30 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 310.00 Mil | 315.00 Mil | 320.00 Mil | 3.3% | Raised | Guidance: 305.00 Mil for 2026 | |
| 2026 Adjusted Net Income | Reported | 197.00 Mil | 202.00 Mil | 207.00 Mil | 3.6% | Raised | Guidance: 195.00 Mil for 2026 | |
Insider Activity
Updated 9/3/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Neos, Partners, LP | See Notes | Sell | 7082026 | 0.00 | 43,650,000 | Form | |||
| 2 | Neos, Partners, LP | See Notes | Sell | 7082026 | 0.00 | 43,650,000 | Form | |||
| 3 | Neos, Partners, LP | See Notes | Sell | 7082026 | 0.00 | 43,650,000 | Form | |||
| 4 | Neos, Partners, LP | See Notes | Sell | 6032026 | 0.00 | 48,622,000 | Form | |||
| 5 | Neos, Partners, LP | See Notes | Sell | 6032026 | 0.00 | 48,622,000 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Neos, Partners, LP | See Notes | Sell | 7082026 | 0.00 | 43,650,000 | Form | |||
| 2 | Neos, Partners, LP | See Notes | Sell | 7082026 | 0.00 | 43,650,000 | Form | |||
| 3 | Neos, Partners, LP | See Notes | Sell | 7082026 | 0.00 | 43,650,000 | Form | |||
| 4 | Neos, Partners, LP | See Notes | Sell | 6032026 | 0.00 | 48,622,000 | Form | |||
| 5 | Neos, Partners, LP | See Notes | Sell | 6032026 | 0.00 | 48,622,000 | Form | |||
| 6 | Neos, Partners, LP | See Notes | Sell | 6032026 | 0.00 | 48,622,000 | Form | |||
| 7 | Neos, Partners, LP | See Notes | Sell | 4012026 | 0.00 | 34,500,000 | Form | |||
| 8 | Neos, Partners, LP | See Notes | Sell | 4012026 | 0.00 | 34,500,000 | Form | |||
| 9 | Neos, Partners, LP | See Notes | Sell | 4012026 | 0.00 | 34,500,000 | Form | |||
| 10 | Neos, Partners, LP | See Notes | Sell | 2112026 | 25.79 | 8,400,000 | 216,594,000 | 4,356,005,606 | Form | |
| 11 | Neos, Partners, LP | See Notes | Sell | 2112026 | 25.79 | 8,400,000 | 216,594,000 | 4,356,005,606 | Form | |
| 12 | Neos, Partners, LP | See Notes | Sell | 2112026 | 25.79 | 8,400,000 | 216,594,000 | 4,356,005,606 | Form |
Investor Activity (13F)
Updated Oct 3, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Electrical Components & Equipment Resources |
| EC&M (Electrical Construction & Maintenance) |
| Electrical Contracting News (ECN) |
| EE Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.