Modine Manufacturing benefits from AI data center growth with strong orders and focus on cooling segment.

Modine Manufacturing is capitalizing on the AI-driven expansion of data centers, with its cooling segment now the largest and fastest-growing part of the business. Despite a recent stock decline and the spin-off of its Performance Technologies unit, the company maintains strong long-term growth prospects supported by record order intake and contracts with major hyperscalers. Supply chain issues and margin pressures affected the first quarter, but management expects these challenges to ease, leading to improved operating leverage and EBITDA growth through 2027–2028.

Modine Manufacturing holds a market cap of $7.91 billion and an enterprise value of $8.34 billion as of Oct 17, 2026, 19:11 WIB on Pluang. The stock price is currently $148.86, down 3.34% on the day, reflecting some short-term pressure despite the company’s strong long-term growth outlook. Trading volume stands at 1,590,312 shares, with investors typically holding the stock for 34 days on the platform.