Modine plans to invest $100 million in expanding its U.S. manufacturing capacity for data center cooling solutions. This includes new facilities in Dallas, TX; Grenada, MS; and potential redevelopments in Franklin, WI, and Jefferson City, MO. CEO Neil Brinker aims to reach $2 billion in data center revenue by fiscal 2028. President Eric McGinnis stated the investment will support hyperscale and colocation customers. Art Laszlo, Group VP of Global Data Centers, emphasized the growth is driven by AI and high-density computing. MOD stock closed at $111.95, up 6.10% on Tuesday on the NYSE.

Read more at Nasdaq.: Modine Invests $100 Mln To Expand U.S. Data Center Cooling Manufacturing