Modine Manufacturing Co (NYSE:MOD) shares are up on Tuesday, trading higher by 22%, after the company disclosed a landmark $4 billion long-term capacity agreement with a strategic data center customer for its Airedale cooling solutions.

Details

This company said that this deal underscores Modine’s position as a leader in advanced cooling technologies, particularly in the rapidly expanding data center market, and has contributed to the stock’s upward momentum.

As per the terms, Modine will guarantee capacity to supply over $4 billion of its Airedale data center cooling products for sale to the customer during calendar years 2027 through 2029.

The company received an upfront cash payment of $165 million to support capacity investments necessary to meet its commitments.

Art Laszlo, President of Modine’s Data Centers segment, added, “Securing this substantial, multi-year agreement with a strategic partner highlights the strength of our Airedale technology and our ability to deliver innovative, reliable cooling solutions at scale. The dedicated capacity and upfront investment will allow us to confidently expand our operations to meet the stringent demands of our customer.”

MOD Earnings Preview: Next Update Date And Analyst Estimates

Modine Manufacturing is slated to provide its fourth quarter and fiscal year 2026 results for the period ended March 31, 2026, on May 27, 2026.

MOD Technical Analysis: Bullish Trend Above Key Moving Averages

The stock has shown impressive performance over the past year, with a 12-month gain of 181.80%. Currently, Modine is trading significantly above its moving averages, with the current price at $308.00, which is 15.4% above the 20-day simple moving average (SMA) of $262.42, 26% above the 50-day SMA of $240.43, and 43.8% above the 100-day SMA of $210.71. The 200-day SMA is notably lower at $178.60, indicating a strong bullish trend.

The 20-day SMA is above the 50-day SMA, which is a bullish signal, and the 50-day SMA has crossed above the 200-day SMA, marking a golden cross that often indicates further upward momentum. Currently, the Relative Strength Index (RSI) is not available, but the stock’s strong price action suggests it may be approaching overbought territory.

How Modine Ranks On Value, Growth, Quality And Momentum

Below is the Benzinga Edge scorecard for Modine Manufacturing, highlighting its strengths and weaknesses compared to the broader market:

  • Value: 10.98 — Stock is trading at a steep premium relative to peers.
  • Growth: 40.69 — Indicates moderate growth potential.
  • Quality: 95.19 — Strong balance sheet and operational efficiency.
  • Momentum: 95.41 — Stock is outperforming the broader market.

The Verdict: Modine Manufacturing’s Benzinga Edge signal reveals a strong momentum-driven story with high-quality metrics. However, the low value score suggests the stock is trading at a premium, indicating potential caution for value-oriented investors.

MOD ETF Exposure: Funds With The Biggest Positions

  • State Street SPDR S&P Homebuilders ETF (NYSE:XHB): 3.87% Weight
  • Thrivent Small-Mid Cap Equity ETF (NYSE:TSME): 3.42% Weight
  • Castellan Targeted Equity ETF (NASDAQ:CTEF): 5.83% Weight

Significance: Because MOD carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

MOD Price Action: Modine Manufacturing shares were up 22.52% at $319.18 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

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