Zacks.com users have recently been watching Modine (MOD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
MOD lifts fiscal 2026 EBITDA margin to 13.8% despite headwinds and sees further expansion in fiscal 2027.
MOD sees its HVAC Technologies segment improving in fiscal 2027 as acquired businesses contribute and Commercial HVAC sales rise 5-10%.
Modine (MOD) concluded the recent trading session at $274.5, signifying a +1.1% move from its prior day's close.
I am initiating coverage Modine with a strong buy and a $366 price target, reflecting a 42% upside potential. The main growth driver is data centers, where MOD expects sales to grow 60% to 80% in FY27, supported by capacity expansion and a multi-year agreement. I arrive at my PT by applying a 35.45x FWD non-GAAP P/E multiple to my estimated 2028 EPS of $10.34.
Modine lands a long-term AI data center cooling deal targeting $4B+ sales in 2027-29, backed by a $165M upfront payment to expand capacity.
Modine Manufacturing Company is transforming into a focused climate solutions and AI data center cooling provider, shedding its old-line industrial image. MOD's Airedale data center cooling business is experiencing rapid growth, with Data Centers sales up 158% and Climate Solutions up 87% year-over-year in Q4. A $4 billion long-term capacity agreement (2027–2029) with a major data center customer provides exceptional revenue visibility and underpins MOD's strategic pivot.
Modine (MOD) closed at $276.51 in the latest trading session, marking a -8.2% move from the prior day.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Recently, Zacks.com users have been paying close attention to Modine (MOD). This makes it worthwhile to examine what the stock has in store.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
MOD records revenue growth of 47% in fiscal Q4'26 and signs a $4B cooling supply deal, boosting AI data center visibility as demand continues to surge.