This niche AI play is seeing business growth rates that are triple the pace of the data centers [CNBC]
Modine Manufacturing Company (MOD)
Last modine manufacturing company earnings: 2/4 04:21 pm
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US:NYSE Investor Relations:
modine.com/web/en/investors.htm
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Source: CNBC
nVent Electric Vertiv and Modine Manufacturing have seen their stocks soar in 2024, buoyed by partnerships with tech giants investing billions in AI infrastructure. Despite the gains, Wall Street believes these cooling leaders have room to run as the fast-growing data center market they serve desperately requires liquid cooling to operate effectively. Shares of nVent are up 23% this year, while Vertiv and Modine have rallied 133% and 125%, respectively in 2024. Yet there's been a lot of volatility in stocks with exposure to data centers. All three names experienced massive drawdowns that coincided with Nvidia's sell-off on Sept. 3 — when the AI darling tumbled 10% in a single session — creating a buying opportunity, according to many analysts. That's because historically, data centers used air cooling to manage the heat generated by traditional cloud applications. But as the AI boom continues using new chips like Nvidia's graphics processing units to train AI models, they're gene
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News
- Refreshed Modine Hot Dawg® Unit Heaters Series Offers Enhanced Performance and EfficiencyPR Newswire
- EV Battery Cooling Market Research - Global Forecasts to 2029: New Thermal Management Systems to Optimise EV Battery Performance and Health Drives Adoption [Yahoo! Finance]Yahoo! Finance
- Modine Manufacturing Company (MOD) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- The Rise of Electric Vehicle Heat Pump Systems Market: A $1,924.69 Million Industry Dominated by Tech Giants - Denso Corporation, Titanx Engine Cooling and Modine Manufacturing Company | The Insight Partners [Yahoo! Finance]Yahoo! Finance
- Modine Manufacturing (NYSE: MOD) had its price target raised by analysts at Oppenheimer Holdings Inc. from $144.00 to $145.00. They now have an "outperform" rating on the stock.MarketBeat
MOD
Earnings
- 10/29/24 - Beat
MOD
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form 4
- MOD's page on the SEC website