MOD - Modine Manufacturing: AI Exposure No Longer Under The Radar

2024-03-06 16:56:25 ET

Summary

• Modine Manufacturing is capturing strong demand for its Data Center thermal management cooling solutions.
• The company expects earnings to benefit from an ongoing effort to shift the business toward high-growth and more value-added opportunities.
• Recognizing the positive long-term outlook, we believe valuation is now a near-term headwind following the strong rally over the past year.

Modine Manufacturing Company ( MOD ) has emerged as a big winner amid the AI-driven tech boom, capturing strong demand for its specialized industrial HVAC solutions. The company's high-performance cooling systems are critical components for data centers running power-intensive computing....

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