On June 9, Modine Manufacturing rose 5.16% in regular trading, trading at $289.36/share, with trading volume of $39.97 million. The stock is rebounding from a recent pullback following multiple positive catalysts.

On the news front, the company recently signed a milestone long-term capacity agreement worth over $4 billion with a strategic data center client, covering Airedale brand cooling solutions from 2027 to 2029. The client paid $165 million in upfront cash to support capacity expansion. Additionally, fiscal Q4 results beat expectations, with adjusted EPS of $1.71 versus consensus of $1.55, and revenue of $954.4 million representing 47.5% year-over-year growth. Oppenheimer raised its target to $325 and B.Riley to $340, both maintaining buy ratings, citing the agreement as consolidating Modine's leadership in AI-driven data center cooling.

The broader Building Products sector also showed strength, with Carrier Global up 4.11%, Advanced Drainage up 2.94%, Johnson Controls up 2.92%, Trane Technologies up 2.64%, and Armstrong World up 2.16%.

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