Modine Manufacturing (MOD) shares gained nearly 2% on September 24. This rise reflects continued investor enthusiasm for the company's thermal management solutions. Demand for its data center cooling products is accelerating. This market experiences explosive growth from artificial intelligence and cloud computing expansion.
Modine's first-quarter fiscal 2027 results support this trend. Sales in its Data Centers segment surged 90% year-over-year. On September 23, Modine announced it is hiring up to 300 positions in Wisconsin. This move aims to ramp up production of its Airedale data center cooling systems.