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Is Modine Stock Still Worth Buying After a 63% YTD Rally?
Modine Manufacturing (MOD) has seen a 63% year-to-date rally, driven by strong earnings momentum and its role in data center cooling. The company is benefiting from AI and cloud infrastructure growth, with management expecting significant annual revenue growth in data center sales and improving margins. Modine’s planned spin-off of its Performance Technologies business aims to further sharpen its focus on high-growth Climate Solutions.