Forgent Power Solutions is exploding higher following the release of record fourth-quarter and full-year 2026 results, which saw the company exceed the high end of its guidance. The report highlighted significant momentum in the data center power sector, underscored by a 375% year-over-year increase in quarterly bookings and an all-time high backlog of $3 billion. Investor sentiment was further bolstered by institutional activity, as recent SEC filings revealed that the California State Teachers Retirement System and Virginia Retirement Systems both established new positions in the company.