Was Jim Cramer Right About Modine Manufacturing Company (MOD) Stock?

Back in 2024, on May 14, a caller asked about Modine Manufacturing Company (NYSE:MOD), an industrial company specializing in thermal management and HVAC systems. Cramer said this was exactly the kind of industrial stock that’s working in the market back then:

“Okay, that kind of metal-bending industrial company is precisely what’s working here. And it’s what we preach at the club. And that is a club-like name. Well, not club, I mean like the group of people. Not a club. But I like the concept.”

Cramer’s endorsement had limited effect, as the stock declined slightly by 0.55% since the call.

Modine Manufacturing Company (NYSE:MOD) engineers thermal management and HVAC solutions for vehicles, data centers, and commercial buildings. Earlier in March, Cramer mentioned that the stock was getting hit by a swarm of sellers:

“Yeah, I gotta tell you… people decided that that is part of the data center and the CFO sold a lot of stock so people are itching to get out. It has come down so much. I don’t know what they’re itching about.”

While we acknowledge the potential of MOD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than MOD and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None.