Overview
- Ford shares extended Wednesday’s 13% surge with another roughly 6%–7% on Thursday, lifting the two‑day gain to about 19%–21%.
- Ford this week introduced Ford Energy, a wholly owned unit that will assemble large battery energy storage systems in the U.S. for utilities, data centers, and big industrial customers.
- Morgan Stanley’s Andrew Percoco projected the business could scale to roughly 20 gigawatt‑hours a year and be worth up to $10 billion, with early losses and a path to profit in 2028.
- Analysts say licensing CATL’s lithium iron phosphate technology and assembling in the U.S. could meet Foreign Entity of Concern rules and qualify the systems for a 30% investment tax credit.
- The next milestone is landing major commercial or hyperscaler contracts, which investors view as the proof point that could offset EV losses and validate Ford’s pivot to grid and data‑center storage.