Ford Shares Surge on Positive Analyst Comments
Shares of Ford Motor Company (NYSE: F) soared 9.8% on Wednesday by 12:10 p.m. ET, primarily due to positive remarks from Morgan Stanley regarding Ford’s potential energy business. The firm anticipates Ford may soon develop an energy segment similar to Tesla’s, backed by a newly secured license from China’s Contemporary Amperex Technology Co. for battery production in the U.S.
Morgan Stanley expects Ford to utilize this capability for energy storage, targeting large commercial customers and sectors like artificial intelligence. The firm estimates potential operating profits of $500 million to $600 million annually, contingent on upcoming energy storage deals that Ford is projected to announce in the coming months.
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