In its Q2 2026 investor letter, Baron Discovery Fund highlighted Forgent Power Solutions, Inc. (NYSE:FPS) as a leading contributor to performance. Forgent Power Solutions, Inc. (NYSE:FPS) is a leading industrial company that designs and manufactures electrical distribution equipment used in data centers, the power grid, and energy-intensive industrial facilities. On August 10, 2026, Forgent Power Solutions, Inc. (NYSE:FPS) closed at $37.60 per share, reflecting a market capitalization of $11.45 billion. Forgent Power Solutions, Inc. (NYSE:FPS) posted a one-month return of -6.12%. Baron Discovery Fund stated the following regarding Forgent Power Solutions, Inc. (NYSE:FPS) in its Q2 2026 investor letter: