By the Top Tier Newswire AI Desk · October 2, 2026 at 11:51 AM ET · reviewed against 4 wire stories
GENTHERM INC (THRM) is down -6.07% in the latest session. Our newswire has captured 4 stories on THRM across 4 sources in the last 36 hours, with AI sentiment reading bullish (avg 62/100).
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Gentherm Inc (THRM) fell 6.07% to $29.65 in intraday trading on October 2, 2026, as the stock opened with a 6.0% gap down from the prior close. The decline followed the completion of Modine Manufacturing’s spin-off and combination with Gentherm’s Performance Technologies business via a Reverse Morris Trust structure. The transaction, which became effective on October 2, 2026, resulted in Modine shareholders receiving 0.44619 shares of Gentherm for each share of Modine, while Gentherm shareholders retained their shares.
What Happened
The corporate action marked the final step in the previously announced merger between Gentherm and Modine’s Performance Technologies business. Gentherm announced the completion of the transaction on October 1, 2026, including the final exchange ratio and a cash distribution to Modine shareholders. The stock opened significantly lower, with a session high of $31.89 at 8:30 AM ET and a low of $29.57 at 11:45 AM ET. Trading volume surged to 1.8 million shares by the end of the session, more than four times the 3-month average. A special dividend of $2.07 per share was also declared, effective October 2, 2026.
What The Data Shows
The stock’s decline occurred amid a broader market session that saw one fresh 52-week high and 14 fresh 52-week lows for THRM. The stock currently trades within its 52-week range of $27.00 to $48.35. Gentherm carries a market cap of $1.0 billion, a P/E ratio of 39.2, and has reported trailing 12-month revenue growth of 8.7%. However, its net margin of 1.7% and beta of 1.34 suggest a relatively volatile and low-margin business model. Recent insider transactions show two sales totaling $243,000 over the last 90 days, with no insider purchases reported.
What To Watch
Investors should monitor the ongoing market reaction to the completed merger and the performance of the combined entity. Analysts from JPMorgan and Stifel have recently adjusted their price targets for Gentherm, with JPMorgan maintaining an Overweight rating and Stifel a Buy. Coverage breadth and earnings performance will be key to the stock’s near-term direction.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
THRM · today's session (5-min) · -6.93% vs prior close · updated 4:48 PM ETAI sentiment, last 36h · averaged over 4 stories · 62/100 bullish
The headlines behind the move
Story flow · 4 stories on the wire, last 36h · hover or tap a dot for the headline
9h agoMarketChameleonBULLISH 65M&A
Modine completes Gentherm combination, keeping MOD shares while receiving 0.44619 THRM per share
October 2, 2026
Modine said it has completed the spin-off of its Performance Technologies business and its combination with Gentherm via a Reverse Morris Trust, with MOD shareholders receiving 0.44619 THRM shares per MOD share while keeping their MOD shares. The company also reported a $156 million cash distribution used to repay debt and said the deal implied a $946.40 million value for the Performance Technologies business based on Gentherm’s Sept. 30, 2026 closing price. Modine expects to hold a…
23h agoTipRanksBULLISH 63M&A
Modine Spins Off Performance Technologies in Gentherm Merger
Modine ( ($MOD) ) just unveiled an announcement. On October 1, 2026, Modine completed the spin-off of its Performance Technologies business into Platinum SpinCo Inc...
1d agoPR NewswireBULLISH 55M&A
Modine Completes Spin-off and Combination of its Performance Technologies Business with Gentherm
Announces Final Exchange Ratio and Cash Distribution to Modine RACINE, Wis., Oct. 1, 2026 /PRNewswire/ -- Modine (NYSE: MOD) ("Modine" or the "Company") today announced the completion of the previously announced spin-off of its Performance Technologies business, which was held by Platinum...
1d agoGlobeNewswireBULLISH 63M&A
Gentherm Completes Combination with Modine’s Performance Technologies Business
Gentherm completes combination with Modine Performance Technologies, creating a global leader in thermal and precision flow management solutions.
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