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The latest announcement is out from Gentherm ( (THRM) ).
On January 29, 2026, Gentherm entered into definitive agreements with Modine Manufacturing to acquire Modine’s Performance Technologies business through a Reverse Morris Trust transaction, under which Modine will first transfer the business into a new subsidiary, Platinum SpinCo, distribute SpinCo shares pro rata to Modine shareholders, and then merge SpinCo with a Gentherm subsidiary so that SpinCo becomes a wholly owned Gentherm unit. After completion, which is subject to multiple regulatory, tax and shareholder approvals and other customary conditions, Gentherm shareholders are expected to own about 60% and former SpinCo shareholders about 40% of the combined company on a fully diluted basis, with the structure designed to preserve tax efficiency, supported by a $210 million cash distribution from SpinCo to Modine and bridge financing that will later be refinanced with permanent debt; the deal, unanimously approved by both boards, will add Modine’s Performance Technologies operations under Gentherm’s control, reshape Gentherm’s shareholder base and board composition, and increase its leverage while positioning the company as a larger thermal management player pending successful execution and integration.
The most recent analyst rating on (THRM) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Gentherm stock, see the THRM Stock Forecast page.
Spark’s Take on THRM Stock
According to Spark, TipRanks’ AI Analyst, THRM is a Neutral.
The score is driven by solid financial stability (very low leverage) and a constructive earnings outlook with strong new business wins, partly offset by pressured profitability and weak technical momentum. Valuation is the biggest constraint due to a high P/E and no dividend yield support, while the announced transaction adds strategic upside through scale and diversification.
To see Spark’s full report on THRM stock, click here.
More about Gentherm
Gentherm Incorporated is a Michigan-based company operating in advanced thermal management technologies, with its common stock listed on Nasdaq. The company focuses on automotive and related performance technologies, and the announced transaction is aimed at expanding its portfolio and scale through the acquisition of Modine Manufacturing’s Performance Technologies business via a Reverse Morris Trust structure.
Average Trading Volume: 170,749
Technical Sentiment Signal: Sell
Current Market Cap: $1.12B
Find detailed analytics on THRM stock on TipRanks’ Stock Analysis page.