Aug. 8 at 11:43 AM
$MOD Highly positive full-=page article in today's Trader Times. Here is a small part of it:
"MODINE MANUFACTURING: STRONG COOLING POWER! MODINE IS BECOMING A GROWTH MACHINE THANKS TO DATA CENTERS
• Modine produces cooling systems for data centers and buildings
• Investment of
$100 million announced for
production expansion
• By 2028, the goal is to generate
$2 billion in
the data center market
The annual forecast has been raised. Modine expects revenue growth of 10 to 15% as well as adjusted EBITDA between
$440 million and
$470 million driven by acquisitions and the planned
$100 million investment in data center production, which is expected to significantly foster long-term growth... The stock has recovered from a 50% slump and is climbing toward its all-time high at
$147. If it breaks out, a strong bullish scenario will be generated."
