BUZZ-Ford extends rally on optimism around energy business

Ford Motor Company

Ford Motor Company

F

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** Shares of Ford F.N up ~7.3% to $14.6, highest since July 2023

** The surge in share prices comes a day after a Morgan Stanley note called F's energy business, partnership with Chinese battery giant CATL 300750.SZ an "underappreciated" competitive advantage

** Demand for energy has been stronger than ever with more data centers being built to cater to AI

** In December, F announced it would launch an energy storage business, utilizing plant space in Kentucky previously slated for EV battery production

** Including session moves, F up 12% YTD


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