Modine Manufacturing Company (MOD): A Hot Stock to Buy Amid Solid Growth Metrics

Modine Manufacturing Company (NYSE:MOD) is one of the best hot stocks to buy for June. On June 1, GLJ Research reiterated a Buy rating on Modine Manufacturing (NYSE:MOD) and raised its price target to $428.

Modine Manufacturing Company (MOD): A Hot Stock to Buy Amid Solid Growth Metrics

Kokliang/Shutterstock.com

The price target hike comes on the heels of the company raising its 2028 guidance beyond current capacity. Modine Manufacturing also announced a volume commitment with an existing hyperscaler customer. The research firm expects the company to achieve EBITDA margins in the high 20s, which should drive comparisons with cooling incumbent Vertiv.

Modine Manufacturing has inked a long-term capacity agreement for its Airedale by Modine cooling solution. The deal solidifies its position as a provider of advanced cooling technologies in the expanding data center market. The deal follows a strong fourth quarter and a fourth consecutive year of record revenue growth.

Revenue in the fourth quarter of fiscal 2026 was up 47% to $954.4 million as net earnings increased 47% to $73.3 million. Full-year net sales were also up 23% to $3.2 billion while net earnings decreased 34% to $123.3 million.

Modine Manufacturing Company (NYSE:MOD) specializes in thermal management technology, designing and building systems to heat, cool, and ventilate. They are a major global provider of AI data center cooling, vehicular climate control, and commercial HVAC systems, with a mission to engineer a Cleaner, Healthier World.

While we acknowledge the risk and potential of MOD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MOD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 8 Best Defensive Stocks to Buy Amid Geopolitical Tensions and 10 Best Forever Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1