Shares of Ford ended at their highest close on Friday and are vying for their highest monthly gain since 2023, as Wall Street seems to be treating them as AI-adjacent, at least for the time being.
The carmaker’s stock rallied more than 9% on Friday to end at $14.93, its highest close since July 14, 2023, when it closed at $14.98. The stock extended its winning streak to a fourth session, and it was firmly among the 10 best performers in the S&P 500. It was also the second most active stock in the index.
The shares have surged 24% in May, putting them on track for the best monthly gain since June 2023.
The S&P 500 itself notched its longest weekly winning streak since 2023 ahead of the Memorial Day weekend. For May, the index was looking at gains of nearly 4%.
Ford scored high with investors when it announced Ford Energy mid-month. The new business focuses on battery energy-storage systems for data centers, utilities and other industrial and commercial customers in the U.S.
Ford is investing $2 billion in the business and revamping a Kentucky battery plant to be better suited to stationary energy storage. Battery-storage systems are seen as a key piece of the energy puzzle as demand from artificial intelligence jolts the power business.
The carmaker topped the Ford Energy announcement with news of its first customer, a French utility company.
And Ford went deeper into the good graces of Wall Street as it announced a road map for its Europe business, unveiling plans for new vehicles, including commercial vehicles and a Ford Bronco compact SUV tailored for the European market.
Ford’s stock has climbed 13.8% in 2026, while shares of rival General Motors have lost 3.1% and the S&P 500 has advanced 9.2%.
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