NEW YORK, May 28, 2026, 07:02 EDT
Ford Motor Co. heads into Thursday’s U.S. trading at $15.88, its highest close since August 2022. Shares jumped 3.7% Wednesday. General Motors was up 5.4%, but Ford’s rally caught attention as buyers focused on its new energy-storage unit rather than its trucks or EVs.
Ford is getting new attention on Wall Street as a possible data-center power player with AI demands putting pressure on the grid. The stock is up roughly 28% over the past two weeks, the Wall Street Journal reports, as investors look to Ford Energy, a Ford subsidiary offering stationary battery storage.
U.S. markets were still closed at the time of writing. NYSE core hours are 9:30 a.m. to 4:00 p.m. ET. Nasdaq’s 2026 schedule shows Memorial Day as May 25, not May 28.
Stocks got a lift from the broader market. The Dow, S&P 500 and Nasdaq each set closing highs on Wednesday. Reuters said S&P 500 and Nasdaq ended only a bit higher, with chip shares easing off after strong AI-fueled moves. The S&P 500 edged up 0.02% to 7,520.36. The Nasdaq finished 0.07% higher at 26,674.74.
Ford Energy and EDF power solutions North America are teaming up under a five-year deal that lets EDF buy as much as 4 gigawatt-hours a year of Ford’s DC Block BESS units, the companies said May 18. Total potential volume comes to 20 GWh over the life of the agreement. Deliveries are supposed to start in 2028.
Ford Energy president Lisa Drake said the EDF agreement backs up “the market’s need for a BESS supplier.” She said the company “was selling operational confidence” and not just battery hardware. Tristan Grimbert, CEO at EDF power solutions North America, called “supply chain reliability and product quality” top priorities. EDF power solutions North America
Ford’s new energy storage business follows its tough pullback in EVs. Reuters said earlier this month that Ford is spending $2 billion on storage, repurposing Kentucky plant space that was slated for EV batteries, and wants to hit 20 GWh of annual output. Morgan Stanley analysts see Ford’s battery tech link with CATL as an “underappreciated strategic competitive advantage.” Reuters
Tesla stands out as the best peer for comparison since it already sells grid-scale battery storage. Barron’s said this month that Tesla deployed around 45 GWh of battery storage in the last 12 months. That shows Ford is coming into a market where Tesla is already the leader, not starting from scratch.
Strategists are showing some caution on the rally. Sean Clark, chief investment officer at Clark Capital Management Group, told Reuters “the broad market is participating.” Adam Turnquist at LPL Financial said strong momentum brought up questions about “near-term durability.” Reuters
Ford stock is up, but investors are putting money into a business where the EDF deliveries aren’t due until 2028. The company still needs to refit plants, secure batteries, land bigger customers, and show that storage profits can make up for auto margin strain. If capacity or the data-center power cycle stumbles, some of the stock’s gains could unwind.
For now, Ford’s stock may trade less on pickup sales news and more on how utilities, data centers, and industrial buyers see the company as a power-equipment supplier ahead of its first big system shipments.
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