On July 14, Modine Manufacturing rose 5.01% in regular trading, trading around $230.84/share, with turnover of approximately $38.17 million.

The rally was driven by continued market enthusiasm surrounding the company's data center cooling growth trajectory. UBS recently projected that Modine's data center business could generate more than $4 billion in revenue by fiscal 2029, roughly four times current levels, driven by surging data center cooling demand. The firm reiterated its buy rating with a $355 price target, projecting annual organic sales growth of more than 30%.

Multiple institutions have raised their price targets in recent weeks. Oppenheimer adjusted its target to $325, while B. Riley raised its target to $340, both maintaining buy ratings. The upgrades followed Modine's announcement of a landmark $4 billion long-term capacity agreement with a strategic data center customer to supply Airedale cooling solutions from 2027 to 2029, with the customer providing a $165 million upfront payment to fund capacity expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)