Granahan’s Focused Growth Strategy said Forgent Power Solutions rose 91% in Q2 2026, adding 304 basis points to its portfolio. It cited quadrupled March-quarter bookings, a nearly $2 billion backlog (up 157% year over year) and higher fiscal 2026 revenue guidance.
Forgent designs and manufactures electrical distribution equipment for data centers, the power grid and energy-intensive facilities. The letter said power availability is a key constraint on AI data-center construction. Granahan opened the position at Forgent’s February IPO, added to it later, then cut it to a modestly above-average position after the Q2 rally.
The strategy’s portfolio returned 37.3% in Q2, compared with 25.7% for the Russell 2000 Growth benchmark. Forgent closed at $38.95 on Sept. 24, 2026, after falling 28.13% over the previous month.
