Modine Manufacturing is a standout earnings grower with broad momentum support, but weak free cash flow conversion, a single large earnings miss, and minimal near-term price upside temper conviction at current levels.
Thesis pillars
- Thin Near Term Price Upside↑Improving
- Industry Leading Earnings Growth→Stable
- Earnings Beat Streak Credibility→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed May 27, 2026· older than 90 days
Modine Manufacturing Company (MOD) Stock Analysis
Oversold Bounce setup
Industrials · Building Products & Equipment
Sell if holding. Momentum 2.9/10 is below the 5.0 floor at $98.56 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.3); Sector modifier (Industrials): -0.7.
Modine Manufacturing designs and manufactures thermal management systems across Climate Solutions (data center cooling, HVAC&R) and Performance Technologies (vehicular heat exchangers) segments. The company generated $3.2 billion in net sales in fiscal 2026, a 23% increase,... Read more
Sell if holding. Momentum 2.9/10 is below the 5.0 floor at $98.56 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.3); Sector modifier (Industrials): -0.7. Chart setup: Oversold RSI 20, near Bollinger lower, volume surge. Score 6.2/10, moderate confidence.
Passes 6/7 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, earnings proximity 90d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: speculative.
About Modine Manufacturing Company
About Modine Manufacturing Company
In fiscal 2026, Modine Manufacturing generated $3.2 billion in net sales, a 23% increase from $2.6 billion in fiscal 2025, with Data Centers representing 35% of revenue, On-Highway Applications 23%, Heat Transfer Solutions 18%, Heavy-Duty Equipment 13%, and HVAC Technologies 11%. Export sales from the U.S. represented 6% of consolidated net sales. The company operates manufacturing and technical facilities across four continents: North America, South America, Europe, and Asia.
Modine earns revenue through two operating segments. Climate Solutions serves hyperscale, colocation, NeoCloud, and edge data center operators in North America, EMEA, and Asia Pacific, as well as HVAC&R OEMs, wholesalers, and industrial end users. Performance Technologies supplies heat exchangers and cooling systems to commercial vehicle, agricultural, construction, and automotive OEMs across North America, South America, Europe, and Asia. The top ten customers accounted for 49% of net sales in fiscal 2026, and one global technology customer in Climate Solutions represented approximately 11% of sales. Raw material costs — particularly aluminum, copper, and steel — fluctuate with commodity pricing, and the company has sought price adjustment provisions in longer-term customer contracts. In January 2026, Modine entered into a definitive agreement to spin off Performance Technologies to Gentherm Incorporated via a Reverse Morris Trust transaction expected to close by calendar 2026 year-end, which would concentrate the remaining company in data center and commercial HVAC&R.
Show full overview
Modine's Performance Technologies segment serves agricultural, construction, and commercial vehicle OEMs that have faced acute cyclical headwinds. North American, Brazilian, and European agricultural markets experienced significant declines across fiscal 2025 and continued weakness in fiscal 2026, as lower crop prices, higher interest rates, and geopolitical trade restrictions led farmers to defer equipment purchases. The 10-K anticipates challenging agricultural conditions will persist in fiscal 2027, layered on top of continued softness in North American and European commercial vehicle markets.
See also: Industrials · Building Products & Equipment
From Modine Manufacturing Company's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated Nov 4, 2026Recent Developments — Modine Manufacturing Company
Latest news
- NEWS KeyBanc Lowers Modine Price Target to $225 — fiscal.ai Nov 4, 2026 negative
- NEWS MOD 261120 115.00P (MOD261120P115000) Stock Options Chain | Quotes & News - Moomoo — Moomoo Oct 28, 2026 neutral
- NEWS Modine Manufacturing (NYSE:MOD) Shares Gap Up - Here's What Happened - MarketBeat — MarketBeat Oct 28, 2026 positive
- NEWS Modine Manufacturing Company (MOD) is Attracting Investor Attention: Here is What You Should Know - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
- NEWS Modine (MOD) Declines More Than Market: Some Information for Investors - Yahoo Finance — Yahoo Finance Oct 14, 2026 negative
Latest item Nov 4, 2026 · Generated 2026-11-05T11:34:08Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerten largest customers49%10-K Item 1: 'our ten largest customers accounted for 49 percent of our net sales in fiscal 2026'
- LOWCustomerone global technology customer11%10-K Item 1: 'one global technology customer in our Climate Solutions segment accounted for approximately 11 percent of our sales'
- MEDIUMProductData Centers35%10-K Item 1: 'Data Centers| | 35| %'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 2.9/10 is below the 5.0 floor at $98.56 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.3); Sector modifier (Industrials): -0.7. Chart setup: Oversold RSI 20, near Bollinger lower, volume surge. Prior stop was $91.66. Score 6.2/10, moderate confidence.
Analyst target: $247.66 (+151.3% upside). Prior stop was $91.66. Stop-loss: $91.66.
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.3); Sector modifier (Industrials): -0.7; Negative momentum.
Modine Manufacturing Company trades at a P/E of 41.2 (forward 10.3). TrendMatrix value score: 7.8/10. Verdict: Sell.
16 analysts rate MOD, with a consensus score of 4.3/5. 9 analysts publish price targets averaging $285.
What does Modine Manufacturing Company do?Modine Manufacturing designs and manufactures thermal management systems across Climate Solutions (data center cooling,...
Modine Manufacturing designs and manufactures thermal management systems across Climate Solutions (data center cooling, HVAC&R) and Performance Technologies (vehicular heat exchangers) segments. The company generated $3.2 billion in net sales in fiscal 2026, a 23% increase, driven by data center cooling demand from hyperscale and colocation customers.