Five Stocks We’re Watching in the Months Ahead

By Stock Reports | September 16, 2026

Our current watchlist focuses on companies with developments that could give investors a reason to reassess the business in the coming weeks and months. Five names stood out in our review: Forgent Power Solutions, BlackSky, Rocket Lab, IREN and Nebius.

The appeal is different in each case. Forgent has strong earnings and a growing order book. BlackSky is expanding its satellite capabilities. Rocket Lab, IREN and Nebius have important projects to deliver, with updates that could influence how investors value their future growth.

We lean toward Forgent on business performance, while BlackSky is one of the more speculative opportunities on this list. For all five, the price still matters. Good news can already be reflected in a stock, and a promising business can make a poor trade if the downside is too large.

Forgent Power Solutions (NYSE: FPS)

Data centers need equipment that can distribute power reliably. Forgent makes that equipment, along with products used in power grids and industrial facilities. That gives the company a direct role in the infrastructure supporting AI.

The attraction is that this demand is already showing up in its results. Fiscal fourth-quarter revenue reached $461.7 million, up 94% from a year earlier, and consolidated net income was $66.1 million. Forgent also ended the quarter with a $3 billion backlog: orders it still needs to fulfill. Company results

In the coming months, we want to see those orders become sales without a setback in profitability. Production progress and the next business update will matter more to our view than the size of the backlog alone. Delays, higher costs or weaker customer demand would make the outlook less convincing.

There is also a shareholder consideration. A July offering allowed existing owners to sell shares or redeem interests in the operating business. That transaction should not be treated as fresh cash raised to fund factory expansion. Offering details

BlackSky Technology (NYSE: BKSY)

BlackSky helps customers see what is happening on the ground through satellite images and monitoring software. Government and intelligence customers use those services to follow locations where timely information matters.

The business is growing: second-quarter revenue increased 50% to $33.3 million. It remains unprofitable, reporting a $20.8 million net loss, and raised $150 million through share sales during the quarter. That funding supports its plans but spreads ownership across more shares. Quarterly results

What puts BlackSky on our watchlist is the possibility of turning better satellite coverage into more customer business. On September 14, it reported the first images from its fifth Gen-3 satellite and said further additions were planned by year-end. Satellite update

It was also named a supplier for an international satellite initiative, with more details expected later this year. The announced $1 billion investment covers the wider project; BlackSky’s contract value was not disclosed. Its eventual share of that business is what investors need to understand. Project announcement

New orders could strengthen the case. Satellite delays, further dilution or announcements with little financial detail would leave us more cautious.

Rocket Lab (Nasdaq: RKLB)

Rocket Lab launches spacecraft and supplies satellites and components. Its existing operations produced $234 million in second-quarter revenue, and the company reported a $2.36 billion backlog. Quarterly results

For this watchlist, Neutron is the development we are following most closely. The larger rocket could expand the missions Rocket Lab can serve. Management has targeted delivery to the launch pad in the fourth quarter of 2026. That is a development milestone, with the actual launch date still to be established. Neutron update

The company also announced on September 15 that it had completed a share-sale program raising about $1.94 billion for its pending Iridium acquisition. That resolves one part of the funding process, while increasing the share count. Completing and integrating the acquisition remain substantial tasks. Financing announcement

We would look for evidence that Neutron is moving toward the pad on schedule, alongside continued growth in the existing business. Delays or rising development costs could weaken confidence even if revenue keeps increasing.

IREN (Nasdaq: IREN)

IREN is converting parts of its Bitcoin mining infrastructure to serve AI customers. It provides the data centers and computing equipment those customers need, making delivery dates especially important to its growth.

There is already progress in the numbers. AI cloud revenue rose from $33.6 million in the March quarter to $70.5 million in the June quarter. Full-year results

Microsoft has accepted the first Horizon deployment at IREN’s Childress site. In August, IREN said Horizon 2 was being commissioned, with Horizon 3 and 4 targeting fourth-quarter delivery. We will be watching those remaining deployments for evidence that the expansion is keeping pace with the company’s plans. Microsoft acceptance and deployment update.

The financial benefit depends on facilities becoming operational and meeting customer acceptance requirements. IREN has used substantial debt and share issuance to fund its growth. If delivery slips, the costs remain while the expected revenue takes longer to arrive. That is the main risk we will be watching as the rollout progresses. Financial results and funding

Nebius Group (Nasdaq: NBIS)

Nebius rents computing capacity to companies developing and running AI applications. Demand has translated into rapid growth: second-quarter revenue reached $582.3 million, up 454% from a year earlier. Building the infrastructure is expensive, however, with capital spending of approximately $5.7 billion during the quarter. Shareholder update

Its September partnership with Palantir offers another route to potential customers. We would look for evidence of commercial progress from that relationship, together with updates on bringing new capacity into service. Partnership announcement

The timing matters for a swing trade. Management said most of the deals signed in the second quarter involved capacity arriving in late 2026, with revenue contributing primarily in 2027. For now, we are watching progress toward those deliveries and changes in expectations. The full financial benefit will take longer to assess. Management’s outlook

Financing adds another risk. August transactions included $5.75 billion of new convertible debt and shares issued in exchange for existing notes. Expansion needs funding, but shareholders also have to consider the debt obligations and dilution that come with it. Financing details

The Price Levels We’re Watching

These business developments explain our interest. The daily chart still needs to support the trade.

For the triggers below, we would look for a daily close above the level, followed by a pullback that holds it. All five stocks closed below their respective triggers on September 15, so these were unconfirmed setups at that date.

These are our chart interpretations of daily price history through September 15. Upside levels mark possible selling areas, rather than estimates of business value. A move below the invalidation level after confirmation would invalidate that particular technical setup. Prices can gap through those levels.

Some stocks face resistance before reaching the listed upside levels. FPS has an area around $34–$34.60, BKSY around $23.10–$24, and NBIS around $226–$228.50. RKLB would still need to work through roughly $70–$71.20 after clearing $67.80. These areas come from the daily histories linked above.

FPS and RKLB also have limited room to their first listed upside level compared with the distance to invalidation. For FPS, the move from $33.10 to $36.30 is $3.20, against $3.70 down to $29.40. That balance would need to improve before we considered the trade attractive. A trigger is a reason to reassess the setup, not an instruction to buy.

This watchlist follows developments over the coming weeks and months. Company delivery targets may shift, and a material delay, financing announcement or change in outlook would require us to revisit the relevant stock and its levels.