Jim Cramer Discussed These 7 Stocks

3. Modine Manufacturing Company (NYSE:MOD)

Number of Hedge Fund Holders: 43

Cramer noted that potential sellers were swarming Modine Manufacturing Company (NYSE:MOD) as he explained:

“Yeah, I gotta tell you… people decided that that is part of the data center and the CFO sold a lot of stock so people are itching to get out. It has come down so much. I don’t know what they’re itching about.”

Modine Manufacturing (NYSE:MOD) offers thermal management products, including heat transfer coils, unit heaters, cooling systems for data centers and powertrains, as well as coatings and maintenance services.

Fred Alger Management stated the following regarding Modine Manufacturing Company (NYSE:MOD) in its Q4 2024 investor letter:

“Modine Manufacturing Company (NYSE:MOD) provides a diverse range of systems and solutions that improve indoor air quality, cool data centers, conserve natural resources, reduce harmful emissions, and promote environmentally friendly refrigerants. Since the appointment of a new CEO in December 2020, the company has undergone a significant transformation, simplifying its business, aligning strategies by market verticals, and adopting the 80/20 business philosophy (i.e., prioritizing 20% of inputs that drive 80% of outcomes) to drive decision-making. Despite reporting strong fiscal second-quarter results, shares detracted from performance due to the absence of a forward guidance raise, which was attributed to the company’s strategic move away from lower-margin vehicle business. In our view, Modine remains in the midst of a significant transformation, with increasing recognition in the high-growth data center cooling market, where it is positioned as a strong competitor and potential market share gainer.”