Modine Manufacturing is pivoting from traditional markets to focus on advanced AI cooling solutions for hyperscale data centers. The company has beaten earnings and revenue estimates for four consecutive quarters, reporting $1.71 earnings per share and $954.4 million in revenue last quarter. A major $4 billion long-term deal through 2029 supports its growth, including a $165 million upfront payment to expand production. Analysts, including UBS, are optimistic, with a $310 price target signaling potential stock gains.
US stock markets paused near record highs as investors reassessed risks amid mixed earnings and geopolitical news. Cybersecurity stocks fell sharply after Zscaler issued disappointing forward guidance, dragging the sector down. Meanwhile, oil prices ...
Modine Manufacturing Company anticipates a 34.8% rise in Q2 earnings per share to $1.51 and revenue of $920.67 million, driven by a major $4 billion long-term contract to supply cooling solutions to a data center from 2027 to 2029. The company has al...
Modine reported a strong Q4 2026 with record net sales of $954.4 million, up 47% year-over-year, driven by growth in its Climate Solutions segment, especially data center products. Despite a net earnings decline for the full year due to a non-cash pe...
Modine has secured a Long-Term Capacity Agreement worth over $4 billion to supply its Airedale data center cooling products from 2027 to 2029. The deal includes a $165 million upfront payment to support capacity investments, reinforcing Modine's lead...
This week, investors focus on key economic data including Core PCE inflation and GDP figures, which will influence Federal Reserve rate expectations and Treasury yields. Fed officials' speeches may further sway market views on monetary policy. Earnin...
