Is Forgent Power Solutions' Next Big Thing Already Here?

Forgent Power Solutions (FPS) stock gained 25% over the month through October 6, 2026, compared with a 1.3% return for the S&P 500. The company manufactures electrical equipment for data centers and the power grid. Investors may be betting on a group of customers that the company has barely sold to directly. Management itself describes that business as largely untapped. So who are these customers, and have they started ordering.