By Nate Wolf
Ford Motor Co. stock resumed its excellent month Monday after the car maker announced a new power storage deal and a variety of new vehicle models in Europe.
Shares jumped 6.9% in premarket trading, recovering from a rough session Friday, when they dropped 7.5%. Ford stock now has risen 18% in May, putting it on track for its best month since 2023, according to FactSet.
The first piece of news Monday had little to do with cars. Ford's newly launched subsidiary Ford Energy reached a framework agreement with utility company EDF Group to sell up to 20 gigawatt hours of battery energy storage systems over five years. It expects deliveries under the agreement with EDF to begin in 2028.
The deal is a promising start for Ford Energy, which the company introduced as a provider of battery energy storage systems -- or BESS -- for utility-scale, data center, and commercial and industrial customers in the U.S.
On the automotive side, Ford introduced seven new models in Europe. They span two commercial vehicles available now and later this year, plus five passenger models available by the end of 2029.
The former two models are part of Ford Pro, the company's global commercial brand, which includes a vehicle data and predictive intelligence platform. Ford Pro has been the top commercial vehicle brand in Europe for 11 years, the company said.
The new passenger vehicles, meanwhile, include a small electric SUV, two multi-energy crossovers, a multi-energy Bronco SUV, and an electric hatch.
Write to Nate Wolf at nate.wolf@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 18, 2026 09:04 ET (13:04 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments