Today: 28 February 2026
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NASDAQ:MOD 12 January 2026 - 30 January 2026

Modine stock jumps after $1 billion Gentherm deal accelerates pivot to data-center cooling

Modine stock jumps after $1 billion Gentherm deal accelerates pivot to data-center cooling

Modine shares rose 5.8% to $187.00 Friday after announcing it will spin off its Performance Technologies unit and merge it with Gentherm in a $1 billion tax-free deal. Modine shareholders will receive about 21 million Gentherm shares valued near $790 million and a $210 million cash payout. The deal requires Gentherm shareholder and regulatory approval. Modine’s quarterly results are due Feb. 4 after market close.
30 January 2026
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Modine (MOD) stock heads into Monday in the crosshairs as Nvidia’s “no-chiller” claim lingers

Modine (MOD) stock heads into Monday in the crosshairs as Nvidia’s “no-chiller” claim lingers

Modine Manufacturing shares closed at $125.14 Friday, up 4.3% after rebounding from an intraday low of $111.18. The move follows debate over AI chip cooling needs after Nvidia’s CEO claimed “no water chillers are necessary for data centres.” Modine raised its 2026 sales growth forecast to 15%-20% and expects adjusted EBITDA of $440–$470 million. Six brokerages rate the stock a “Moderate Buy” with a $182 price target.
12 January 2026
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