5 Fastest-Growing Data Center Cooling Stocks to Invest in Right Now

4. Modine Manufacturing Company (NYSE:MOD)

Modine Manufacturing Company (NYSE:MOD) is one of the fastest-growing data center cooling stocks to invest in right now. The company’s strongest recent data center cooling angle came on May 26, 2026, when it announced a long-term capacity agreement with a strategic data center customer for Airedale by Modine cooling solutions. Under the agreement, Modine will reserve capacity to supply more than $4 billion of Airedale data center cooling products during calendar years 2027 through 2029, supported by a $165 million upfront cash payment from the customer to help fund capacity investments.

The agreement gives Modine unusually clear demand visibility in a cooling market being reshaped by high-density AI workloads. Airedale’s product positioning is built around data center thermal management, including chillers and heat rejection systems that help manage the rising heat load from GPU-heavy deployments. Earlier this year, Airedale also unveiled the TurboChill 3+MW, a hybrid air-cooled chiller platform designed for AI data centers, with free-cooling capability and mechanical cooling for peak heat loads. Modine’s fourth-quarter data center sales rose 158% year over year, showing that the cooling demand is already translating into segment growth.

Modine Manufacturing Company (NYSE:MOD) provides thermal management systems and solutions, including heating, cooling, ventilation, heat transfer, and data center cooling products.