Ford Stock Hits Three-Year High, AI Push Under Scrutiny
Ford shares closed at $14.93 on Friday, their highest in nearly three years, after surging over 9% in a day. The rally followed news that Ford Energy, a new unit, signed a deal with EDF for up to 20 GWh of battery storage systems over five years. Ford has committed $2 billion to the storage business, targeting first deliveries by late 2027. EDF deliveries are set to begin in 2028.