Hidden Beneficiary Soars 15% on Data Center Cooling Major Contract

Modine Manufacturing Co. (MOD) closed at $301.10 on the New York Stock Exchange on the 26th, up 15.58% from the previous day. Trading volume topped 2.09 million shares, and market capitalization swelled to about $15.8 billion (roughly KRW 24 trillion), adding around $2.9 billion (KRW 4.4 trillion) in a single session.

The immediate catalyst for the stock surge was news of a long-term production-capacity agreement worth approximately $4 billion (about KRW 6 trillion) with a strategic data-center client. This deal guarantees supply of Airedale-brand cooling solutions for several years, significantly heightening growth expectations. With its fiscal 2026 earnings release slated for later this week, Modine’s shares continue to ride the momentum, trading well above both the 20-day and 50-day moving averages.

Founded in 1916, Modine is a U.S. company supplying thermal-management equipment and climate solutions for automotive, industrial and data-center markets. Driven by rising demand for data-center cooling and thermal management in electric vehicles and industrial applications, Modine has recently been re-rated as a growth stock. The company is now transitioning into a pure-play climate-solutions provider by spinning off its Performance Technology division and merging it with Jenserum in a reverse-Morris-trust transaction valued at about $1 billion (approximately KRW 1.5 trillion).