Stonegate Capital Partners Initiates Coverage on Forum Energy Technologies, Inc. (FET)

March 05, 2024 5:45 PM EST | Source: Reportable, Inc.

Dallas, Texas--(Newsfile Corp. - March 5, 2024) - Forum Energy Technologies, Inc. (NYSE: FET): Stonegate Capital Partners initiates their coverage on Forum Energy Technologies, Inc. (NYSE: FET).

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Key Takeaways:

  • Variperm acquisition expected to grow revenues and expand margins
  • Strength seen in the subsea product line and international markets
  • Guidance announced for FY24, implied y/y EBITDA growth of 64% at midpoint

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About StonegateStonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Stonegate Capital Partners
(214) 987-4121
Source: Stonegate, Inc.

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