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Home/News Feed/Modine expects AI-driven growth and hits FY2028 sales target early, stock seen doubling despite short-term risks.

MOD

$235.00

-$10.91 -4.44%

Modine expects AI-driven growth and hits FY2028 sales target early, stock seen doubling despite short-term risks.

Analyst Insights

09 Jul 2026

Seeking Alpha

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Bullish

Modine Manufacturing projects profitable growth through FY2028 driven by AI, accretive mergers, capacity expansion, and long-term supply deals. The company anticipates reaching its FY2028 data center sales target a year early, reflecting strong demand and an optimistic outlook. Despite recent stock price weakness due to seasonal trends, high short interest, and insider selling, Modine's valuation appears attractive with a P/E of 29.5x and a 3-year PEG of 0.62x, suggesting potential stock price upside. The stock is upgraded to a buy near its 200-day moving averages, offering a better risk/reward profile for investors.

More News (MOD)

Modine appoints Michael Mahan as President of its new Commercial HVAC segment

Modine has named Michael Mahan as President of its newly created Commercial HVAC segment, which focuses on heating, ventilation, air conditioning, and heat transfer solutions for commercial, industrial, and aerospace markets. Mahan brings over 20 yea...

Company Fundamentals

Bullish

7 hours ago