RBC Maintains Sector Perform on Ford Motor Company (F) Following EDF Agreement

On May 18, RBC maintained a Sector Perform standing connected Ford Motor Company (NYSE:F). It besides acceptable a $13 terms people connected the stock. Ford Motor Company Energy announced a five-year model statement with EDF Power Solutions North America to proviso 4 GWh of artillery vigor retention systems annually opening successful 2028. RBC Capital said the statement validates request for Ford’s repurposed artillery capableness and supports the company’s broader vigor retention strategy. The steadfast besides noted that uncertainties tied to constituent sourcing, profitability, and aboriginal capableness enlargement suggest overmuch of the near-term upside whitethorn already beryllium reflected successful the stock.

Also connected May 18, Morgan Stanley commented connected the statement aft Ford Energy announced plans to present up to 4 GWh per twelvemonth to enactment grid-scale renewable integration and grid resilience. The steadfast said the woody strengthens Ford’s presumption arsenic a home supplier of artillery vigor retention systems. Morgan Stanley added that it believes “this is the archetypal of imaginable respective ample lawsuit announcements this year” and described the statement arsenic a “first large triumph for Ford Energy.” The steadfast maintained an Equal Weight standing connected Ford shares.

Ford Motor Company (NYSE:F) develops and delivers Ford trucks, SUVs, commercialized vans, and cars, on with Lincoln luxury vehicles. The institution besides provides connected services, including BlueCruise precocious operator assistance exertion and information services.

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