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MOD +27.86% today · Analysis updated Nov 13, 2026, 4:47 PM ET
Why is Modine Manufacturing (MOD) stock up today?
Modine jumped after Bloomberg reported that Samsung Electronics is in talks to acquire it, with a deal possible within weeks. The stock closed at $135.66 on Nov 13, up from $106.10, a gain of about 28%. Volume was about 8.4M shares, roughly five times the recent 1.5-1.7M daily run rate. The day's range ran from $131.50 to $146.50, so the stock gave up part of its opening gain. The report is unconfirmed. Both companies declined to comment, no price has been disclosed, talks are described as early, and another suitor could emerge. The jump follows a steep sell-off. The stock fell from about $125 to about $91 on Nov 3-5 after fiscal Q2 results, which showed an adjusted EPS miss of $1.35 against $1.52 expected and fiscal 2027 revenue guidance of $3.1B-$3.2B against a $3.54B consensus. Free cash flow was negative $140.6M and net debt was $573.7M. The underlying demand is strong: Data Centers revenue rose 95% to about $440M, and there is a $400M+ air handling supply agreement. Analyst targets are well above the price. The average is about $219, and recent cuts left targets of $160-$285. The 52-week range is $87.84 to $323.25. The stock now trades on deal news. A confirmed offer could set a price, while a denial or failed talks could send shares back toward the $106 area.
News behind the analysis
- Samsung Is in Talks to Acquire Data Center Cooling Firm ModineBloomberg reported that Samsung is in talks to buy Modine, and a deal could come together in the coming weeks, citing people familiar with the matter.
- Samsung in talks to acquire data center cooling company Modine Manufacturing - reportTalks are described as early stage with no guarantee of a sale, and another suitor could bid. Shares had been falling after mixed fiscal Q2 results: an EPS miss and revenue of $994.4M.
- Samsung in Talks to Buy Modine as Data Center Cooling Stock Surges 29%No price or financing terms were disclosed. Modine closed at $106.10 on Nov 12, after falling about 15% since Nov 3 on disappointing results.
- Samsung reportedly in talks to buy data centre cooling firm ModineShares rose 28% after hours. Samsung and Modine declined to comment, the talks could collapse, and another suitor could emerge.
- Samsung in talks to acquire US data center cooling firm Modine amid heated race for HVAC systemsA deal would give Samsung a US manufacturing base and extend its HVAC push. Samsung recently announced the €1.5B FläktGroup acquisition.
- Why Modine Stock (MOD) Rallied 27% After-Hours on ThursdayThe potential deal could value Modine around $5.6B. Analysts hold a Strong Buy consensus with an average target of $219.38.
- Why Has Modine Manufacturing Surged 27% on Samsung Takeover Chatter?The quarter showed weaker margins, free cash flow of -$140.6M and net debt of $573.7M. The stock fell 21.43% on Nov 4.
- Why Is Modine Manufacturing Stock Skyrocketing Friday?Premarket shares rose about 23% to $130.00 on the report. The deal is not final and talks could collapse.
- Samsung in Talks to Acquire Data Center Cooling Maker Modine; MOD Surges Over 25% Pre-MarketData center revenue rose 95% year over year to $440M in the September quarter. The deal would diversify Samsung beyond memory chips.
- Stock Market Today (Nov. 13, 2026)Modine rose 27.13% on the Samsung report. Its market cap was about $5.6B before the talks.
About Modine Manufacturing Co
Modine is a Racine, Wisconsin–based thermal management company, founded in 1916, that designs and makes cooling and heating equipment for data centers, commercial buildings and industrial uses. In October 2026 it spun off its vehicle-focused Performance Technologies business and combined it with Gentherm, leaving it focused on climate solutions, especially data-center cooling. It has also said it will rename itself Modexus Solutions.
How it makes money
Modine sells engineered cooling and heating products, including data-center chillers, computer-room air handlers and other HVAC units, as well as heat-transfer coils and commercial and industrial heating and ventilation equipment. Data-center cooling has become its fastest-growing source of revenue. Total revenue for fiscal 2026 (the year ended March 2026) was roughly $3.2 billion, though that figure includes the vehicle business it has since spun off.
What usually moves MOD
- AI and hyperscale data-center construction spending
- Profit margins as new factories ramp up
- Commercial building and HVAC demand
- Effects of the Performance Technologies spin-off and rename
- Raw material costs such as copper, aluminum and steel