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Home/News Feed/Modine shifts to AI data center cooling, backed by strong earnings and a $4B deal.

MOD

$230.83

+$1.26 +0.55%

Modine shifts to AI data center cooling, backed by strong earnings and a $4B deal.

Company Fundamentals

27 May 2026

Tony Dante

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Bullish

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.

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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

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