Modine surges as Hunterbrook report ties $4 billion deal to Google

Movers Written by: Angela Harmantas 13:10 Fri 21 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Modine surges as Hunterbrook report ties $4 billion deal to Google Published: 13:10 21 Aug 2026 EDT Modine Manufacturing (NYSE:MOD) shares rose more than 5% in pre-market trading Friday after Hunterbrook Media published a report suggesting the company's data center cooling opportunity could be significantly larger than its current public disclosures indicate. Hunterbrook, whose affiliated investment firm holds a long position in Modine, said internal planning information found on GitHub points to nearly $23 billion in modeled demand from major data center customers. Shares leveled off around 2.3% higher by Friday afternoon. The data includes potential business tied to Google, Amazon Web Services and Crusoe, according to Hunterbrook. The report said Modine's previously unnamed $4 billion hyperscaler agreement appears to involve Google, with broader live demand from Google totaling an estimated $8.2 billion, or about $6.1 billion on a probability-adjusted basis. AWS could represent an even larger opportunity. Hunterbrook identified roughly $12.4 billion in gross modeled AWS demand extending through 2033, including about $741 million already classified as won business. Adjusted for probability, the AWS opportunity was estimated at approximately $5.6 billion. Hunterbrook's analysis of Modine's internal pipeline pointed to about $540 million in data center revenue for the September quarter, roughly 20% above the company's existing guidance. The report also estimated fiscal 2027 data center revenue could reach approximately $2.3 billion, implying growth of more than 100%, well above Modine's current guidance range of 60% to 80%. Continue reading