Forgent Power Solutions, a power infrastructure company that designs electrical distribution equipment used in data centers and industrial facilities, has been initiated as a buy by Goldman Sachs. The 12-month price target of $48 indicates an upside of 40% for the company. Goldman Sachs analyst Joe Ritchie believes Forgent is well-positioned in the industry's $35 billion market, which he predicts will grow by around 17.5% through the decade. The company is also nearing completion on a $205 million investment program to expand its manufacturing footprint, which is expected to support up to $5 billion in annual sales.