Forgent Power Solutions

Forgent Power Solutions fell 3.9% to $47.937 during regular trading, pressured by continued PE sponsor selldowns and a newly announced upsized public offering. The stock opened weak in pre-market at $50.49 high and slid steadily to an intraday low of $47.75, before a modest bounce to $49.07 failed to hold. The company recently priced an upsized public offering following multiple block sales by its private equity backer. Fundamentals show Q3 revenue surged 103% YoY to $378.7M, with net profit turning positive at $19.6M, yet quarterly EPS was just $0.08, leaving the forward PE at over 855x. The stock sits 27.4% below its 52-week high of $66 and well under its 20-day MA ($57.98), though it remains up 65% YTD.