Modine: A Meltdown Worth Buying - Temporary Supply Chain/Margin/Execution Risks

Supply chain headwinds have contributed to MOD's lumpy FQ1'27 performance, worsened by the sudden departure of the Data Center business leader. Otherwise, the management already reiterates the robust FY2027 guidance, with their ongoing capacity investments likely to be accretive from FQ2'27 onwards. Long-term data center cooling contract, outsized booking opportunities of up to $23B, and doubling backlog support MOD's multi-year AI beneficiary status.