The stock terms of Forum Energy Technologies, Inc. (NYSE:FET) surged by 15.26% betwixt February 13 and February 20, 2026, putting it among the Energy Stocks that Gained the Most This Week.
Forum Energy Technologies, Inc. (NYSE:FET) designs, manufactures, and supplies products serving the oil, earthy gas, industrial, and renewable vigor industries successful the United States and internationally.
Forum Energy Technologies, Inc. (NYSE:FET) reported better-than-expected results for its Q4 2025 connected February 20, with its adjusted net of $0.41 per stock beating estimates by $0.05. Similarly, Forum’s gross of conscionable implicit $202 cardinal besides topped forecasts by $11.7 million. Meanwhile, the company’s escaped currency travel for the afloat twelvemonth 2025 stood astatine $80 million.
Notably, Forum Energy Technologies, Inc. (NYSE:FET) revealed that it is entering 2026 with a backlog of $312 million, up 46% from a twelvemonth agone and astatine its highest level successful 11 years. Moreover, astir 12% of this backlog is from products developed successful the past fewer years.
Forum Energy Technologies, Inc. (NYSE:FET) provided a beardown outlook for FY 2026, with the institution targeting a gross of $800 cardinal to $880 cardinal for the year, representing a YoY maturation of 6% astatine the midpoint. Similarly, Forum is projecting its EBITDA to turn by 16% YoY to $90 cardinal to $110 million, with an adjusted nett income of $18 cardinal to $38 million. Meanwhile, escaped currency travel for the twelvemonth is expected to travel successful betwixt $55 cardinal and $75 million.
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