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Modine shares rise on report of $4B Google deal and $23B data center cooling demand.

Market News
21 Aug 2026
Proactive Investors
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Bullish
Modine shares rise on report of $4B Google deal and $23B data center cooling demand.

Modine Manufacturing's shares jumped over 5% pre-market after Hunterbrook Media revealed a potential $4 billion hyperscaler deal with Google and a broader $23 billion demand for data center cooling. The report highlights significant opportunities with major clients like Google and Amazon Web Services, suggesting Modine's data center revenue could exceed current guidance by about 20% for the next quarter and double by fiscal 2027. This signals strong growth potential in Modine's data center business beyond previously disclosed figures.

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