Modine Manufacturing stock gains 1.99 percent as cooling demand expands

Published on 09/25/2026 at 12:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Modine Manufacturing stock carries a USD 320.1429 average analyst target as of September 18, 2026. Q1 fiscal 2027 sales rose 28 percent to USD 874.1 million.

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Modine Manufacturing stock (ISIN US6078281055) stood at USD 196.95 on the NYSE on September 24, 2026 at 4:00 p.m. ET, up 1.99 percent from USD 193.11. The move followed fresh evidence of data center demand and a planned strategy update for November.

Data center demand drives hiring

Modine announced on September 23, 2026 that it plans to fill up to 300 positions at its southeastern Wisconsin operations. According to Modine, the jobs will support production of Airedale data center cooling systems as demand expands.

The hiring plan adds an operating signal to Modine's latest results. In the first quarter of fiscal 2027, Data Centers revenue reached USD 348.6 million, an increase of 90 percent from the prior-year period, according to Stock Titan.

Revenue growth meets margin pressure

Modine's Q1 fiscal 2027 net sales rose 28 percent to USD 874.1 million, while adjusted EPS reached USD 1.53. The same filing showed gross margin at 20.8 percent, down 340 basis points, making production efficiency a key counterweight to the data center expansion.

Management's fiscal 2027 outlook calls for net sales growth of 20 percent to 35 percent and adjusted EBITDA of USD 650 million to USD 680 million. The range is materially higher than the latest quarterly adjusted EBITDA of USD 106.5 million, but the comparison covers a quarter against a full-year guidance range and is not a like-for-like performance measure.

Analyst target stays above market

MarketBeat reported on September 18, 2026 that seven of nine analysts rated Modine a Buy and two rated it a Hold, producing a Moderate Buy consensus. The average 12-month price target was USD 320.1429, while the September 24 market quote was USD 196.95.

A further checkpoint arrives on November 18, 2026. Modine said on September 14 that its Analyst and Investor Day will present an updated multi-year growth strategy and new financial targets after the planned Performance Technologies spin-off, according to Modine.

Stock gains while targets reset

Modine stock traded at USD 196.95 on September 24, 2026 at 4:00 p.m. ET, with a 1.99 percent daily gain. Its 52-week range was USD 111.18 to USD 323.25, while market capitalization stood at USD 10,460,546,265.