For the past three and a half years, Ford Motor has traded in a very narrow range, never going much above $15 per share and never too far below $10 per share.
But the debut of Ford Energy last month changed all of that, sending the stock soaring 47% in May, peaking at $17.44 to close out the month
Since then, the stock has given up some of those gains, but it is still trading at $14.80 at last check on Monday, June 15. Ford shares caught fire after the company debuted Ford Energy, the battery storage initiative the company has been quietly working on for about a year. The new partnership with EDF will see the company deliver up to 20GWh of battery energy storage systems for utility-scale and data center customers starting in 2028.
The agreement with EDF combines “industrial-scale manufacturing discipline with full lifecycle accountability,” with the venture’s flagship product being a 20-foot containerized 5.45 MWh system using 512 Ah LFP prismatic cells with liquid-cooled thermal management called the Ford Energy DC Block. Analysts at Morningstar say investors are now treating Ford as a potential beneficiary of “the growing energy needs of data centers used for artificial intelligence.” But they are also asking whether the AI excitement is overblown and have questions about whether the new energy division can become a profitable business. Is Ford an AI play now?