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Gentherm ( (THRM) ) has provided an announcement.
On January 29, 2026, Gentherm and Modine announced a definitive agreement to spin off and simultaneously combine Modine’s Performance Technologies business with Gentherm in a Reverse Morris Trust transaction valued at about $1.0 billion, creating a scaled leader in thermal management solutions with pro forma revenue of $2.6 billion, a 13% synergy-adjusted EBITDA margin and net leverage of roughly 1.0x. The deal, unanimously approved by both boards, will leave Modine shareholders owning about 40% and Gentherm shareholders about 60% of the combined company, while Modine retains its Climate Solutions unit as a pure-play data center and commercial HVAC and refrigeration business; the transaction is expected to broaden Gentherm’s portfolio, reduce its dependence on light vehicles, unlock cost and commercial synergies including cross-selling and new market access, and give Modine investors exposure to two more focused, higher-growth thermal and climate platforms.
The most recent analyst rating on (THRM) stock is a Buy with a $41.00 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 Outperform.
Gentherm’s overall stock score reflects strong earnings performance and strategic expansion efforts, which are slightly offset by valuation concerns and profitability pressures. The company’s stable financial position and positive technical indicators support its growth potential, while the high P/E ratio and lack of dividend yield present valuation challenges.
To see Spark’s full report on THRM stock, click here.
More about Gentherm
Gentherm (NASDAQ: THRM) is a global market leader in innovative thermal management and pneumatic comfort technologies, supplying engineered solutions for light vehicles as well as commercial, heavy-duty, power generation and medical end markets. Modine (NYSE: MOD) is a diversified global provider of thermal management technologies whose Performance Technologies business delivers highly engineered air- and liquid-cooled systems for vehicular and power generation customers worldwide.
Average Trading Volume: 170,749
Technical Sentiment Signal: Sell
Current Market Cap: $1.12B
For detailed information about THRM stock, go to TipRanks’ Stock Analysis page.