• Modine Manufacturing is trading 4.2% up at $251.87 in pre-market action, possibly influenced by Gentherm's new $400 million stock repurchase program becoming effective today.
  • Gentherm announced this three-year buyback program on July 23, 2026, which replaces its prior 2024 plan, within the context of its planned combination with Modine's Performance Technologies business.
  • A supportive broader market is providing a positive backdrop for the move, with S&P 500 and Nasdaq futures both rising more than 0.9%.