Ford Stock Moves as Energy Play Gets Attention
Ford shares rose 1.8% to $13.30 Wednesday after the company’s Ford Energy unit signed a five-year deal allowing EDF to buy up to 20 GWh of battery storage systems starting in 2028. Trading volume reached 25.7 million shares. Ford also reported Q1 revenue of $43.3 billion and net income of $2.5 billion. Lisa Materazzo will step down as global CMO on June 1, with Dean Stoneley named interim.