MOD Should I Buy
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Modine Manufacturing Co (MOD) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong analyst ratings, bullish technical indicators, and significant hedge fund buying activity outweigh the short-term financial challenges. The stock's data center growth potential and transformation into a climate solutions pure-play position it well for long-term appreciation.
The stock is in a bullish trend with MACD above 0 and positively contracting, RSI at 81.238 indicating overbought conditions, and bullish moving averages (SMA_5 > SMA_20 > SMA_200). Key resistance levels are R1: 228.671 and R2: 242.43, while support levels are S1: 184.13 and S2: 170.371.
Analysts have consistently raised price targets, with the latest targets ranging from $240 to $265, citing strong data center growth and transformation into a climate solutions pure-play.
Hedge funds are aggressively buying, with a 18934.33% increase in buying activity last quarter.
The company's data center funnel and order bookings remain exceptional, with long-term agreements in progress.
Financial performance in Q3 2026 showed a net income drop of -215.61% YoY and EPS decline of -218.42% YoY.
RSI indicates overbought conditions, suggesting a potential short-term pullback.
In Q3 2026, revenue increased by 30.51% YoY to $805 million. However, net income dropped to -$47.4 million (-215.61% YoY), and EPS fell to -0.9 (-218.42% YoY). Gross margin also decreased to 23.12%, down 4.66% YoY.
Analysts are highly bullish on MOD, with multiple firms raising price targets significantly over the past few weeks. The latest targets range from $240 to $265, with analysts highlighting the company's data center growth, climate solutions transformation, and higher margin products as key drivers for long-term growth.
