← ECARX Holdings Inc. Class A Ordinary shares overview

ECARX Holdings Inc. Class A Ordinary shares vs Modine Manufacturing: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

ECARX Holdings Inc. Class A Ordinary shares (ECX)

Q3 2026
▲1▼1

ECARX grows revenue and partnerships but keeps diluting and missing targets

  • Convertible notes upsized to $130 million, diluting shareholders ECARX raised more money than planned by selling $130 million of convertible notes that can turn into shares at $2.62. That means existing owners' stakes get smaller, and the stock fell nearly 6% before the market opened. More shares eventually means each share is worth a smaller slice of the company.

    This is a fresh capital-raising event that directly pressures ECX shares through dilution.

  • Q2 revenue grew 45% but missed estimates and guidance stayed below consensus Second-quarter revenue rose 45% to $225.2 million, yet it still came in slightly below what analysts expected. The company kept its full-year revenue target of $1.0–$1.1 billion, which is under the $1.14 billion consensus. Growth is real, but expectations are not being beaten.

    The Q2 report is the period's core financial update and shows both strong growth and a guidance shortfall.

  • Global expansion, 12 million vehicles, and new AI and LiDAR partnerships ECARX said its technology is now in over 12 million vehicles across 18 automakers, adding 914,000 in the first half of 2026. It also announced a Tencent Cloud AI integration, a LiDAR partnership with TPK, and a share exchange with Qualcomm Ventures. More design wins and partners support future revenue.

    These are new commercial and technology wins that underpin the bull case for ECX.

  • First-half loss narrows but company still unprofitable ECARX reported a first-half loss of $0.06 per share on $356.7 million of revenue, up 10.3% from a year earlier. The loss is smaller and revenue is growing, but the company still spends more than it earns, so it depends on outside cash and future profits to keep going.

    This is the latest earnings update and shows the ongoing profitability challenge that weighs on the stock.

August 2026
▲1▼1

ECARX grows revenue and partnerships but keeps diluting and missing targets

  • Convertible notes upsized to $130 million, diluting shareholders ECARX raised more money than planned by selling $130 million of convertible notes that can turn into shares at $2.62. That means existing owners' stakes get smaller, and the stock fell nearly 6% before the market opened. More shares eventually means each share is worth a smaller slice of the company.

    This is a fresh capital-raising event that directly pressures ECX shares through dilution.

  • Q2 revenue grew 45% but missed estimates and guidance stayed below consensus Second-quarter revenue rose 45% to $225.2 million, yet it still came in slightly below what analysts expected. The company kept its full-year revenue target of $1.0–$1.1 billion, which is under the $1.14 billion consensus. Growth is real, but expectations are not being beaten.

    The Q2 report is the period's core financial update and shows both strong growth and a guidance shortfall.

  • Global expansion, 12 million vehicles, and new AI and LiDAR partnerships ECARX said its technology is now in over 12 million vehicles across 18 automakers, adding 914,000 in the first half of 2026. It also announced a Tencent Cloud AI integration, a LiDAR partnership with TPK, and a share exchange with Qualcomm Ventures. More design wins and partners support future revenue.

    These are new commercial and technology wins that underpin the bull case for ECX.

  • First-half loss narrows but company still unprofitable ECARX reported a first-half loss of $0.06 per share on $356.7 million of revenue, up 10.3% from a year earlier. The loss is smaller and revenue is growing, but the company still spends more than it earns, so it depends on outside cash and future profits to keep going.

    This is the latest earnings update and shows the ongoing profitability challenge that weighs on the stock.

Latest
▲1▼1

ECARX grows revenue and partnerships but keeps diluting and missing targets

  • Convertible notes upsized to $130 million, diluting shareholders ECARX raised more money than planned by selling $130 million of convertible notes that can turn into shares at $2.62. That means existing owners' stakes get smaller, and the stock fell nearly 6% before the market opened. More shares eventually means each share is worth a smaller slice of the company.

    This is a fresh capital-raising event that directly pressures ECX shares through dilution.

  • Q2 revenue grew 45% but missed estimates and guidance stayed below consensus Second-quarter revenue rose 45% to $225.2 million, yet it still came in slightly below what analysts expected. The company kept its full-year revenue target of $1.0–$1.1 billion, which is under the $1.14 billion consensus. Growth is real, but expectations are not being beaten.

    The Q2 report is the period's core financial update and shows both strong growth and a guidance shortfall.

  • Global expansion, 12 million vehicles, and new AI and LiDAR partnerships ECARX said its technology is now in over 12 million vehicles across 18 automakers, adding 914,000 in the first half of 2026. It also announced a Tencent Cloud AI integration, a LiDAR partnership with TPK, and a share exchange with Qualcomm Ventures. More design wins and partners support future revenue.

    These are new commercial and technology wins that underpin the bull case for ECX.

  • First-half loss narrows but company still unprofitable ECARX reported a first-half loss of $0.06 per share on $356.7 million of revenue, up 10.3% from a year earlier. The loss is smaller and revenue is growing, but the company still spends more than it earns, so it depends on outside cash and future profits to keep going.

    This is the latest earnings update and shows the ongoing profitability challenge that weighs on the stock.

Modine Manufacturing Company (MOD)

Q3 2026
▲3▼1

Modine's AI cooling boom and Gentherm spin-off reshape the company

  • Data center sales surge 90% on AI cooling demand Modine's data center sales jumped 90% to $348.6 million in the first quarter, with backlog more than doubling and record orders. Management expects data center revenue to top $2 billion by fiscal 2028. This strong demand for AI cooling products is the main reason the stock has risen and could keep pushing it higher.

    This is the core growth driver behind Modine's stock and directly answers why it's moving.

  • Margins squeezed by supply chain and component shortages Despite strong sales, gross margin fell to 20.8% and data center margins dropped to 14.8% from 22.1% due to component shortages and higher costs. This is a real counterweight: profits aren't growing as fast as sales, and the stock fell 3.9% after earnings even though the company beat profit estimates.

    It shows the main risk that could hold the stock back and explains recent underperformance.

  • Gentherm merger clears final hurdle, spin-off set for October 1 Gentherm shareholders approved the deal to combine Modine's Performance Technologies business with Gentherm, and the spin-off is set to close October 1. Modine will receive a $159 million cash distribution and its shareholders will get about 43.6% of the combined company. This simplifies Modine into a pure-play thermal management company focused on data centers.

    This major corporate restructuring changes Modine's business mix and is a key reason for recent stock movement.

  • Long-term capacity agreement provides revenue visibility through 2029 Modine has a capacity agreement covering more than $4 billion of Airedale chiller products for 2027-2029, with orders already coming in. This gives investors confidence in future revenue and supports the stock's valuation, even as near-term margins are pressured.

    It explains why investors are willing to look past current margin issues and bid the stock up.

August 2026
▲3▼1

Modine's AI cooling boom and Gentherm spin-off reshape the company

  • Data center sales surge 90% on AI cooling demand Modine's data center sales jumped 90% to $348.6 million in the first quarter, with backlog more than doubling and record orders. Management expects data center revenue to top $2 billion by fiscal 2028. This strong demand for AI cooling products is the main reason the stock has risen and could keep pushing it higher.

    This is the core growth driver behind Modine's stock and directly answers why it's moving.

  • Margins squeezed by supply chain and component shortages Despite strong sales, gross margin fell to 20.8% and data center margins dropped to 14.8% from 22.1% due to component shortages and higher costs. This is a real counterweight: profits aren't growing as fast as sales, and the stock fell 3.9% after earnings even though the company beat profit estimates.

    It shows the main risk that could hold the stock back and explains recent underperformance.

  • Gentherm merger clears final hurdle, spin-off set for October 1 Gentherm shareholders approved the deal to combine Modine's Performance Technologies business with Gentherm, and the spin-off is set to close October 1. Modine will receive a $159 million cash distribution and its shareholders will get about 43.6% of the combined company. This simplifies Modine into a pure-play thermal management company focused on data centers.

    This major corporate restructuring changes Modine's business mix and is a key reason for recent stock movement.

  • Long-term capacity agreement provides revenue visibility through 2029 Modine has a capacity agreement covering more than $4 billion of Airedale chiller products for 2027-2029, with orders already coming in. This gives investors confidence in future revenue and supports the stock's valuation, even as near-term margins are pressured.

    It explains why investors are willing to look past current margin issues and bid the stock up.

Latest
▲3▼1

Modine's AI cooling boom and Gentherm spin-off reshape the company

  • Data center sales surge 90% on AI cooling demand Modine's data center sales jumped 90% to $348.6 million in the first quarter, with backlog more than doubling and record orders. Management expects data center revenue to top $2 billion by fiscal 2028. This strong demand for AI cooling products is the main reason the stock has risen and could keep pushing it higher.

    This is the core growth driver behind Modine's stock and directly answers why it's moving.

  • Margins squeezed by supply chain and component shortages Despite strong sales, gross margin fell to 20.8% and data center margins dropped to 14.8% from 22.1% due to component shortages and higher costs. This is a real counterweight: profits aren't growing as fast as sales, and the stock fell 3.9% after earnings even though the company beat profit estimates.

    It shows the main risk that could hold the stock back and explains recent underperformance.

  • Gentherm merger clears final hurdle, spin-off set for October 1 Gentherm shareholders approved the deal to combine Modine's Performance Technologies business with Gentherm, and the spin-off is set to close October 1. Modine will receive a $159 million cash distribution and its shareholders will get about 43.6% of the combined company. This simplifies Modine into a pure-play thermal management company focused on data centers.

    This major corporate restructuring changes Modine's business mix and is a key reason for recent stock movement.

  • Long-term capacity agreement provides revenue visibility through 2029 Modine has a capacity agreement covering more than $4 billion of Airedale chiller products for 2027-2029, with orders already coming in. This gives investors confidence in future revenue and supports the stock's valuation, even as near-term margins are pressured.

    It explains why investors are willing to look past current margin issues and bid the stock up.

Q2 2026
▲2▼2

Modine's $4B Data Center Deal and Pure-Play Shift Drive Growth, But Margins Face Pressure

  • Over $4 Billion Data Center Cooling Deal Secured Modine signed a long-term agreement to supply more than $4 billion of Airedale cooling products from 2027 to 2029, with a $165 million upfront cash payment. This gives unusually clear demand visibility and funds capacity expansion, supporting future revenue growth.

    This is the largest new contract and directly boosts future revenue and confidence.

  • First Supply Chain Constraints Emerge Component shortages appeared late in fiscal Q4, temporarily affecting Q1 production. While full-year outlook is unchanged, this shows scaling challenges that could delay deliveries and add costs, weighing on near-term results.

    New operational risk that could impact near-term production and costs.

  • Competitive Pressure from Vertiv Analysts favor Vertiv over Modine for AI cooling exposure, citing Vertiv's larger scale and better margins. Modine's gross margin fell 320 basis points due to expansion costs and tariffs, and it holds a Hold rating versus Vertiv's Buy, highlighting competitive challenges.

    New analyst comparison that highlights Modine's relative competitive disadvantage.

  • Pure-Play Transformation After Legacy Segment Sale Modine sold its cyclical Performance Technologies division, becoming a focused data center and HVAC company. Management targets $2.5 billion revenue in two years, and fund letters highlight the growth potential, driving investor enthusiasm.

    New strategic shift that repositions Modine for higher growth and multiple expansion.

June 2026
▲2▼2

Modine's $4B Data Center Deal and Pure-Play Shift Drive Growth, But Margins Face Pressure

  • Over $4 Billion Data Center Cooling Deal Secured Modine signed a long-term agreement to supply more than $4 billion of Airedale cooling products from 2027 to 2029, with a $165 million upfront cash payment. This gives unusually clear demand visibility and funds capacity expansion, supporting future revenue growth.

    This is the largest new contract and directly boosts future revenue and confidence.

  • First Supply Chain Constraints Emerge Component shortages appeared late in fiscal Q4, temporarily affecting Q1 production. While full-year outlook is unchanged, this shows scaling challenges that could delay deliveries and add costs, weighing on near-term results.

    New operational risk that could impact near-term production and costs.

  • Competitive Pressure from Vertiv Analysts favor Vertiv over Modine for AI cooling exposure, citing Vertiv's larger scale and better margins. Modine's gross margin fell 320 basis points due to expansion costs and tariffs, and it holds a Hold rating versus Vertiv's Buy, highlighting competitive challenges.

    New analyst comparison that highlights Modine's relative competitive disadvantage.

  • Pure-Play Transformation After Legacy Segment Sale Modine sold its cyclical Performance Technologies division, becoming a focused data center and HVAC company. Management targets $2.5 billion revenue in two years, and fund letters highlight the growth potential, driving investor enthusiasm.

    New strategic shift that repositions Modine for higher growth and multiple expansion.

▲2▼2

Modine's $4B Data Center Deal and Pure-Play Shift Drive Growth, But Margins Face Pressure

  • Over $4 Billion Data Center Cooling Deal Secured Modine signed a long-term agreement to supply more than $4 billion of Airedale cooling products from 2027 to 2029, with a $165 million upfront cash payment. This gives unusually clear demand visibility and funds capacity expansion, supporting future revenue growth.

    This is the largest new contract and directly boosts future revenue and confidence.

  • First Supply Chain Constraints Emerge Component shortages appeared late in fiscal Q4, temporarily affecting Q1 production. While full-year outlook is unchanged, this shows scaling challenges that could delay deliveries and add costs, weighing on near-term results.

    New operational risk that could impact near-term production and costs.

  • Competitive Pressure from Vertiv Analysts favor Vertiv over Modine for AI cooling exposure, citing Vertiv's larger scale and better margins. Modine's gross margin fell 320 basis points due to expansion costs and tariffs, and it holds a Hold rating versus Vertiv's Buy, highlighting competitive challenges.

    New analyst comparison that highlights Modine's relative competitive disadvantage.

  • Pure-Play Transformation After Legacy Segment Sale Modine sold its cyclical Performance Technologies division, becoming a focused data center and HVAC company. Management targets $2.5 billion revenue in two years, and fund letters highlight the growth potential, driving investor enthusiasm.

    New strategic shift that repositions Modine for higher growth and multiple expansion.