Ford’s New Patent Sparks Investor Interest Amid Stock Analysis
Ford (F), a legacy automaker, has recently unveiled several new patents, raising curiosity among investors. While it’s uncertain how many of these innovations will come to fruition, the latest patent, which centers on electric vehicle technology, has reassured Ford’s shareholders, driving shares up nearly 2% in Wednesday’s trading.
Latest Patent Focuses on Electric Vehicles
Filed in November 2021, Ford’s newest patent, designated US 12115880 B2, was published on October 15. This patent involves “battery electric vehicle monitoring systems and methods for track usage and off-roading,” drawing significant attention from industry observers.
Utilizing electric vehicles for specialized uses like off-roading has posed challenges, primarily due to the shortcomings of the existing charging network. Ford’s patent aims to improve user experience by providing better insights into how much longer drivers can remain on a race track or off-road before requiring a recharge. This could be a game-changer for enthusiasts exploring remote locations with limited access to power sources.
Pushing Performance Limits at Nurburgring
Ford’s gas-powered models are also making waves. A recent report from Car & Driver highlighted a teaser video for the Mustang GTD, an impressive vehicle boasting 815 horsepower from its V8 engine, promising high-performance capabilities typically associated with race cars.
The Mustang GTD recently took to the Nurburgring, one of the most famous racing circuits in Germany, to test its lap time. While the official results will be revealed in the coming weeks, Ford aims for a time under seven minutes. The teaser suggests Ford is confident in its performance. A marketing push like this usually indicates something impressive is on the horizon.
Analyzing Ford Stock: A Smart Investment?
On Wall Street, analysts have rated Ford stock with a Moderate Buy consensus based on five Buys, nine Holds, and one Sell rating in the last three months. Despite a 1.65% decline in its share price over the past year, the average price target for F shares stands at $12.68, indicating a potential upside of 15.12%.
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