US Stocks Movement | Ford Motor continues to rise over 5%, enters energy storage business and receives positive outlook from Morgan Stanley

Glonghui, May 14｜Following yesterday's surge of over 13%, Ford Motor (F.US) continued to rise more than 5% at the beginning of the session, reaching a high of $14.265, marking a new two-month high. In terms of news, Ford Motor officially launched its new subsidiary Ford Energy this week, focusing on providing battery energy storage systems for data centers, utilities, and other industrial and commercial clients in the United States. Ford plans to deploy at least 20 GWh of energy storage products annually, with the goal of starting deliveries by the end of 2027. Morgan Stanley gave an optimistic outlook on the business. Analyst Andrew Percoco believes that Ford Energy is expected to achieve a gross margin of about 25% and operating profit before interest and taxes of $346 million in the year following commencement of deliveries (2028).