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RACINE, Wis. - Modine (NYSE:MOD) has introduced a stainless steel variant to its Airedale by Modine TurboChill DCS chiller range, designed specifically for direct liquid cooling systems in high-density AI deployments. The company, with a market capitalization of approximately $6.8 billion, has seen its stock price rise nearly 23% over the past six months despite experiencing a 15.3% decline in the past week.
The new stainless steel design provides enhanced circuit cleanliness and system reliability by creating a corrosion-resistant interface to the facility water system loop. According to the company, this reduces contamination and build-up on cold plates in data center cooling systems.
A key benefit of the new variant is its potential to eliminate in-row coolant distribution units in certain applications, which could improve Power Usage Effectiveness (PUE) while freeing up floor space for additional IT equipment.
The chiller is designed to operate in ambient temperatures up to 55°C (131°F) and uses R1234ze refrigerant with a low Global Warming Potential of 1.37. The system incorporates Turbocore oil-free centrifugal compressors and features a modular "V" frame coil arrangement with larger diameter fans to reduce energy consumption.
"By combining superior corrosion and build-up resistance with optimized thermal performance, our TurboChill DCS Stainless Steel delivers exceptional reliability for mission-critical environments," said Art Laszlo, Group Vice President, Global Data Centers, in the press release statement.
The product meets Seismic Design Category D requirements for global application. Modine states the new variant builds upon 20 years of Turbocore compressor experience and more than 50 years of data center expertise.Financially, Modine operates with a moderate debt level and maintains liquid assets that exceed short-term obligations. With a return on equity of 19% and analysts projecting continued profitability, the company appears positioned to leverage its technical expertise despite trading at a relatively high P/E ratio of 37.2. InvestingPro analysis indicates the stock is currently trading close to its Fair Value. Investors seeking deeper insights can access Modine's comprehensive Pro Research Report, one of 1,400+ detailed analyses available exclusively to subscribers.
In other recent news, Modine Manufacturing Company reported its financial results for the second quarter of fiscal year 2026, surpassing analyst expectations. The company achieved adjusted earnings per share of $1.06, beating the forecasted $1.01, and reported revenue of $738.9 million, exceeding the anticipated $698.4 million. These results represent a 4.95% and 5.79% surprise, respectively. Despite the positive earnings and revenue figures, investor concerns over declining gross margins and negative free cash flow were noted.
Additionally, Christopher W. Patterson, a member of Modine Manufacturing's Board of Directors, announced his intention to retire for personal reasons, effective November 17, 2025. Patterson's departure will result in the reduction of the board size from eleven to ten directors. There were no indications of disagreements with the company’s operations, policies, or practices from Patterson. These developments are part of the recent changes and updates from Modine Manufacturing.
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