AI Data Center Power Beneficiary Increases Market Cap by 1 Trillion Won in One Day

On the US market on the 11th (local time), AI and data-center power equipment manufacturer Forgent Power Solutions (FPS) closed at $43.03, up 6.57% for the day.

Trading volume reached approximately 2.18 million shares, and the company’s market capitalization swelled to about $10.5 billion, marking a roughly $740 million increase in a single day.

At the end of March, FPS completed a public offering of some 34 million common shares—including those held by its parent company, Neos Partners—priced at $29.50 per share, releasing a substantial portion of existing shareholders’ stakes into the market while raising new capital.

Headquartered in Minnesota, Forgent Power Solutions designs and manufactures customized power distribution equipment for data centers, power grids, and energy-intensive industrial facilities.

The company went public on the New York Stock Exchange earlier this year, raising approximately $1.5 billion in its IPO. A significant portion of its revenue stems from surging data center power infrastructure demand driven by the expansion of cloud services and artificial intelligence.