Ford Motor Co (NYSE:F) shares are skyrocketing Wednesday.
Morgan Stanley released new research arguing that the company’s energy storage ambitions are far more valuable than the market currently recognizes, putting the stock on pace for its best session since March 2020
Here’s what you should know. – Ford Motor stock is among today’s top performers. What’s behind F gains? What’s Pushing Ford Higher?
Morgan Stanley analyst Andrew Percoco reiterated an Equal‑weight rating and kept a $14 price target on Ford in a new note to clients on Wednesday. The analyst also suggested that Ford’s Energy division could eventually be worth about $10 billion, which sent shares surging Wednesday morning with momentum continuing into the afternoon session. Percoco highlighted Ford’s partnership with CATL as a major advantage for the company’s Energy Storage business.