Feb. 13 at 2:45 PM
$FPS $MWH $OKLO $BE
📊 Forgent Power Solutions
Business Focus:
Manufacturer of electrical distribution equipment (e.g., transformers, switchgear, powertrain solutions) servingAI-focused data centers, utilities, industrial customers, and grid infrastructure. 
Revenue & Growth
• Annual Revenue (FY2025): ~
$753.2M.
• Revenue Growth (FY2025 vs FY2024): ~56% year-over-year increase. 
• Trailing 12-month Revenue: ~
$882.5M (as of Sept 2025). 
• Quarterly Growth: Q1 FY2026 saw ~84% YoY revenue growth. 
• Backlog (Future Sales Indicator): ~
$1.03B, up ~44% YoY. 
Summary:
Forgent has strong double-digit revenue growth driven by rapid demand for power infrastructure for AI and data centers. Growth accelerated into early FY2026 with a large backlog supporting future sales.
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☀️ SOLV Energy
Business Focus:
Engineering, procurement, and construction (EPC) of utility-scale solar and large battery storage projects. 
Revenue & Growth
• Annual Revenue (TTM): ~
$2.14B (12 months to Sept 2025). 
• Prior Year (2024): ~
$1.85B — implying revenue growth of around +15%–16% in that trailing period. 
• 2025 Estimated Revenue: Company guidance/estimates suggest growth of ~33%–35% to
$2.46B–
$2.50B for full year 2025. 
• Backlog: Around
$6.7B–
$8B, giving visibility into future work. 
Summary:
SOLV Energy is substantially larger in revenue than Forgent and showing solid double-digit top-line growth. Recent estimates point to mid-30% annual growth, and an extensive project backlog supports multi-year execution.
