Ford Shares Reach 2022 Peak, and It’s Not Because of Cars
Ford shares closed at $15.88 Wednesday, their highest since August 2022, after jumping 3.7% as investors focused on its new energy-storage unit. Ford Energy signed a five-year deal with EDF for up to 20 GWh of stationary battery storage, with deliveries starting in 2028. The S&P 500 and Nasdaq set new closing highs. Ford stock is up about 28% in two weeks.