Ford Shares Jump 6.9% on Energy Storage Deal and European Model Lineup
Mondeum Capital (UK) Limited
Ford bounced back in May, with shares rising 6.9% in premarket trading on Monday. This gain follows a 7.5% drop on Friday and continues a rally that has lifted the stock 18% this month, marking its best monthly performance since 2023. Two key announcements fueled this move, but only one is about cars. Here’s what the EDF energy storage deal and the new European models could mean for Ford’s diversification plans and whether this momentum can last.
Ford’s new subsidiary, Ford Energy, has signed a framework agreement with French utility EDF Group to supply up to 20 gigawatt hours of battery energy storage systems over five years, with deliveries starting in 2028. Ford Energy offers large-scale battery storage solutions for utilities, data centers, and businesses in the United States. This deal with EDF is its first major commercial agreement and shows that Ford is committed to competing in the energy infrastructure market as well as in its main automotive business.
Ford also introduced seven new models for Europe. Two Ford Pro commercial vehicles are available now or will be later this year. Five passenger models are set to launch by the end of 2029, including a small electric SUV, two crossovers that use multiple energy sources, a multi-energy Bronco SUV, and an electric hatchback. Ford Pro has led European commercial vehicle sales for eleven years in a row.
Featured Courses
Recent news
OpenAI Weighs 5% U.S. Government Stake Ahead of Blockbuster IPO
OpenAI has held discussions about offering the U.S. government a 5% ownership stake, potentially structured through a sovereign wealth fund, according to a Financial Times report citing people familiar with the matter. The ChatGPT maker did not immediately respond to a request for comment. The move would add Washington to an already formidable roster of […]
Tesla Deliveries Loom as Investors Bet on Second Straight Quarterly Gain
Tesla is poised to report second-quarter delivery figures Thursday morning, capping a period marked by geopolitical conflict, a spike in oil prices, and continued fallout from shifting U.S. electric-vehicle policy. The automaker’s shares have rallied sharply ahead of the report, a signal that investors anticipate a strong outcome. Even so, forecasts vary widely enough that […]
Nvidia Stock Trails Chip Peers in First Half as Competition Broadens
Nvidia shares rose 0.4% to $195.75 in premarket trading on Tuesday, ending a first half that trailed the broader semiconductor sector. The stock is up 4.5% for the year through Monday, much less than the PHLX Semiconductor Index’s 94% gain over the same period. Here’s a look at why Nvidia has underperformed and what investors […]
Trade with fewer limits
Day trade with fewer limits at fast speed. Buy stocks and ETFs at low fees.