Forum Energy TechnologiesFET
FET
About: Forum Energy Technologies Inc is a products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in two reporting segments, namely Drilling and Completions and Artificial Lift and Downhole. Revenue largely comes from Artificial Lift and Downhole segment.
Employees: 1,800
0
Funds holding %
of 7,315 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
141% more call options, than puts
Call options by funds: $207K | Put options by funds: $86K
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
32% more capital invested
Capital invested by funds: $120M [Q4 2024] → $158M (+$38.7M) [Q1 2025]
3% more funds holding
Funds holding: 87 [Q4 2024] → 90 (+3) [Q1 2025]
0.48% more ownership
Funds ownership: 62.15% [Q4 2024] → 62.64% (+0.48%) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
3% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 29
Research analyst outlook
We haven’t received any recent analyst ratings for FET.
Financial journalist opinion
Based on 6 articles about FET published over the past 30 days
Neutral
Accesswire
5 days ago
Interactive Strength Inc. (Nasdaq: TRNR) Receives "Buy" Rating and $15 Price Target in Maxim Group Research Initiation
First comprehensive sell-side report on TRNR cites more than 800% growth in expected 2025 revenue Valuation driven by stock-for-stock M&A model and potential crypto-treasury upside AUSTIN, TEXAS / ACCESS Newswire / July 9, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands and pending acquirer of Sportstech, today announced that Maxim Group LLC, a leading New-York-based investment bank, has initiated equity research coverage on TRNR with a "Buy" recommendation and a price target of $15.00 per share, based on its independent assessment of the Company's potential operating performance and valuation relative to peers. The inaugural report was authored by Thomas Forte, CFA, Managing Director & Senior TMT Analyst, following several months of due diligence on TRNR's specialty-fitness roll-up strategy and AI-focused Digital Asset Treasury Strategy.
Positive
The Motley Fool
1 week ago
Why Forum Energy Technologies Stock Skyrocketed by 32% in June
Forum Energy Technologies (FET 0.10%), a somewhat under-the-radar product supplier to the oil and gas and defense industries, saw a dramatic increase in its share price in June. This was due mainly to a large contract it secured to provide components for a military client across the Pacific Ocean.
Neutral
Accesswire
1 week ago
Interactive Strength Inc. (Nasdaq: TRNR) Completes Acquisition of Wattbike, Creating a Diversified Global Fitness Platform on Track for More than $75 Million in Pro Forma 2025 Revenue
Wattbike acquisition is the latest milestone in transformational strategy and the Sportstech acquisition is on track to close in the third quarter TRNR confirms guidance of more than $75 million in pro forma 2025 revenue and profitability in fourth quarter TRNR's $55 million Digital Asset Treasury is actively purchasing $FET cryptocurrency AUSTIN, TX AND NOTTINGHAM, UK / ACCESS Newswire / July 1, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech, today announced that it has completed its previously announced all-stock acquisition of Wattbike, the pioneering indoor performance training bike business trusted by elite athletes and fitness enthusiasts worldwide, which has cumulatively sold more than 100,000 bikes. The closing follows the approval on June 18, 2025 from the UK Financial Conduct Authority and the satisfaction of all material conditions of the binding transaction agreement signed in April 2025.
Neutral
Accesswire
3 weeks ago
Interactive Strength Inc. (Nasdaq:TRNR) Expects to Complete Wattbike Acquisition Imminently After Receiving UK Regulatory Approval
Regulatory Approval by the UK Financial Conduct Authority was Key Requirement for Transaction Timing Minimal Conditions Remain for Deal Completion; Closing Expected in July, 2025 AUSTIN, TX AND NOTTINGHAM, UK / ACCESS Newswire / June 18, 2025 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or the "Company") today announced that it has received formal approval from the UK Financial Conduct Authority ("FCA") for its previously-announced acquisition of Wattbike, the UK-based, omni-channel, connected, indoor-performance bike business, and that it expects to complete the acquisition in July, 2025. The FCA's approval satisfies a key condition for the closing of the acquisition, which is expected to significantly expand Interactive Strength Inc.'s presence in the global fitness market, particularly in the UK, and enhance its product offerings with a leading indoor-performance bike offering.
Neutral
Business Wire
4 weeks ago
Forum Energy Technologies Announces Appointment of Messrs. Aron H. Marquez and Mark W.
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Messrs. Aron H. Marquez and Mark W. Smith to its board of directors. Mr. Marquez will serve as a Class III director and as a member of the Nominating, Governance and Sustainability Committee, and the Compensation and Human Capital Committee. Mr. Smith will serve as a Class I director and a member of the Compensation and Human Capital Committee and the Audit Committee. Mr. Marquez currently s.
Neutral
Accesswire
4 weeks ago
Interactive Strength Inc. (Nasdaq:TRNR) Closes Initial $55 Million Investment for Crypto Treasury Strategy and Begins Acquiring $FET
TRNR is expected to have the largest US publicly listed crypto treasury focused on an AI-token TRNR began acquiring $FET in the open market over the weekend ATW Partners and DWF Labs invested $55 million in initial closing AUSTIN, TX / ACCESS Newswire / June 16, 2025 / Interactive Strength Inc. (Nasdaq:TRNR), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced that it closed on the initial $55 million investment for its crypto treasury strategy on Friday, June 13th and began acquiring $FET tokens in the open market over the weekend, due to crypto's 24/7 trading, through its custodian, BitGo. TRNR will continue to acquire $FET in the open market with the remaining net proceeds of the initial funding, and with any net proceeds from additional fundings from the $500 million facility as they are closed.
Neutral
Accesswire
1 month ago
Interactive Strength Inc. (Nasdaq:TRNR) Updates FAQ's About $500M AI-focused $FET Treasury Strategy
AUSTIN, TX / ACCESS Newswire / June 13, 2025 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced that it has updated its investor FAQ's on its investor website in response to shareholder questions on the recent announcement about its AI-focused $FET Treasury strategy. For more commentary, information and details on the rationale for and structure of the expected acquisition, please see TRNR's investor presentation on the Company's investor website as well as its required filings with the US Securities & Exchange Commission (SEC).
Neutral
Business Wire
1 month ago
Forum Energy Technologies to Supply State of the Art Submarine Rescue System for Indonesian Navy
HOUSTON, Texas--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it executed a contract to supply a state-of-the-art submarine rescue vehicle system (“SRV”) for use by the Indonesian Navy. The contract comprises an SRV, a launch and recovery system, and a decompression system. Neal Lux, President and Chief Executive Officer, remarked, “With 50 years of experience, FET has pioneered the development of manned and unmanned submersibles, and has supplied defense equ.
Neutral
Accesswire
1 month ago
Interactive Strength Inc. (Nasdaq:TRNR) Enters into $500 Million Facility to Acquire AI-focused $FET Tokens and Launch Crypto Treasury Asset Strategy
ATW Partners and DWF Labs invested $55 million in initial closing TRNR is expected to have the largest US publicly listed crypto treasury focused on an AI-token TRNR enters into technology collaboration with Fetch.ai to power its fitness training with AI technology AUSTIN, TX / ACCESS Newswire / June 11, 2025 / Interactive Strength Inc. (Nasdaq:TRNR), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced that it has entered into a Securities Purchase Agreement to raise up to $500 million, the net proceeds of which are expected to be used exclusively to acquire $FET tokens, a leading AI digital asset developed by Fetch.ai. This transaction is expected to result in TRNR having the largest publicly-listed crypto treasury focused on an AI-token.
Neutral
Business Wire
1 month ago
Forum Energy Technologies to Present at the Sidoti Virtual Small Cap Conference
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, is scheduled to present at the Sidoti Virtual Small Cap Conference on Wednesday, June 11, 2025 at 10:00 a.m. Eastern Time. The presentation can be accessed live at the following link: https://sidoti.zoom.us/webinar/register/WN_jEOADeu3TFixeVnzaVzbng A link to the live webcast and the presentation slides will be available on the morning of the presentation o.
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