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U.S. stocks fell Tuesday, led by a 350-point Dow drop. Oil surged 4.6%; Forgent jumped 15% on strong results, while Veea soared 160%.
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Filed: 2026-09-17 AccNo: 0001193125-26-394356 Size: 155 KB Item 1.01: Entry into a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Enova International withdrew its applications to become a bank holding company through the acquisition of Grasshopper Bancorp on September 14, 2026, citing unclear regulatory standards and political pressure. The announcement caused Enova shares to fall 23.43% to $173.61, prompting a securities fraud investigation by Glancy Prongay Wolke & Rotter LLP on behalf of affected shareholders.
Stephens & Co. analyst Kyle Joseph maintains Enova International (NYSE:ENVA) with a Overweight and lowers the price target from $275 to $205.
Forgent Power Solutions stock surged 11.10% following strong Q4 earnings with 94% revenue growth to $462M and 375% bookings growth to $1.5B. Multiple investment banks raised price targets, with KeyBanc targeting $60 (70% upside) and TD Cowen targeting $76 (118% upside), citing robust demand for electrical infrastructure for data centers and AI-driven expansion prospects.
Oppenheimer analyst Noah Kaye reiterates Forgent Power Solutions (NYSE:FPS) with a Outperform and maintains $60 price target.