New York, June 9, 2026, 18:01 (EDT)
Ford Motor stock slipped to $14.95 in late U.S. trading Tuesday, after the NYSE’s core close at 4 p.m. Investors got another move to watch in the stock, which lately draws focus on battery storage and truck demand. Late trading on the NYSE runs from 4 p.m. to 8 p.m. ET.
General Motors moved first. The automaker said Tuesday it will work with U.S. start-up Peak Energy on sodium-ion batteries, targeting storage needs for data centers and utilities, reports said. The new batteries use no lithium and are aimed at large stationary power markets.
Ford’s move into storage has helped stocks push higher this spring as investors shrugged off worries about the auto cycle. Barron’s reported last week that shares jumped about 35% since Ford Energy’s early-May news, with the company gaining around $17 billion in market value. Questions about profits for the unit are still out there.
Stocks had a choppy session. The Dow eked out a 0.17% gain, while the S&P 500 dropped 0.26%. The Nasdaq slid 0.97% with tech names under pressure. “The tape came for sale more broadly,” Michael O’Rourke, chief market strategist at JonesTrading, told Reuters. Reuters
Ford is betting on battery energy-storage systems, or BESS. These are big batteries meant to hold power for future use. Ford Energy and EDF power solutions North America just struck a five-year deal that lets EDF buy up to 4 gigawatt hours a year, totaling 20 GWh, with first deliveries planned in 2028. A gigawatt hour tracks how much energy can be stored.
Ford Energy president Lisa Drake said the deal with EDF pointed to demand for a partner with “industrial-scale manufacturing discipline.” “We are not simply delivering hardware,” Drake said. EDF North America CEO Tristan Grimbert said the new agreement brings EDF “supply visibility and product confidence.” Business Wire
Ford CEO Jim Farley told shareholders last month there was “tremendous interest from customers” and the company was “in the contracting phase” with a number of early customers, according to the Financial Times. The stock is still trying to figure out how to price in that promise. Financial Times
Regulation plays into the Ford story, according to Morgan Stanley analyst Andrew Percoco. Percoco kept his Hold and $17 target, but told Barron’s Ford’s battery supply setup under Foreign Entity of Concern rules is an “underappreciated competitive advantage.” The U.S. rules limit some supply chains tied to covered foreign entities. Barron’s
Ford’s May U.S. sales numbers told a different story. The company said total sales dropped 13.6% from a year ago. EV sales were down 43.9%, hybrids off 15.7%, and F-Series pickups slipped 13.3%. Only the Maverick pickup posted a gain, up 10.0%.
GM traded just about unchanged at $83.76. Tesla slipped to $396.68. Ford moved less. GM’s new storage play gives investors something to watch as they size up if Ford’s jump ahead holds up or just marks out a busy field.
BUT: Most of the energy angle hasn’t hit the bottom line yet. EDF deliveries don’t start until 2028. The tax-credit advantage hangs on current rules sticking. May data showed Ford’s main vehicle sales are still weak. If the customer pipeline slows, or if there’s a shift in rules, or more hits to EV and pickup sales, the stock stops looking like a bet on power infrastructure and starts trading like a car stock with earnings tied to buyers.
Ford’s got EDF in the fold, a case from Morgan Stanley, and a fresh move from GM to watch. Tuesday trading didn’t move much. The hard part remains—contracts and margins still have to deliver.
