Forum Energy Tech Appoints New Chairman of the Board

Forum Energy Tech ( (FET) ) has provided an announcement.

On May 9, 2025, Forum Energy Technologies held its Annual Meeting where stockholders approved several key proposals, including an amendment to increase authorized shares of common stock and the election of Class I directors. Additionally, on May 12, 2025, the company announced the appointment of Michael McShane as the non-executive Chairman of the Board, succeeding C. Christopher Gaut, who retired after over 20 years of service. These developments are expected to impact the company’s governance and strategic direction positively.

Spark’s Take on FET Stock

According to Spark, TipRanks’ AI Analyst, FET is a Neutral.

Forum Energy Technologies shows some strengths in cash flow generation and proactive management strategies, but faces significant challenges with ongoing losses and market conditions. The technical indicators suggest downward momentum, and valuation metrics are weak, impacting the overall stock score.

To see Spark’s full report on FET stock, click here.

More about Forum Energy Tech

Forum Energy Technologies (FET) is a global manufacturing company headquartered in Houston, Texas, serving the oil, natural gas, industrial, and renewable energy industries. The company provides value-added solutions focused on enhancing the safety, efficiency, and environmental impact of its customers’ operations.

Average Trading Volume: 76,730

Technical Sentiment Signal: Strong Sell

Current Market Cap: $191.4M

See more data about FET stock on TipRanks’ Stock Analysis page.