That was surprisingly quick. Legacy automaker Ford (F) only recently set up Ford Energy, a new energy storage operation that would let it use already-produced electric vehicle batteries to serve as the basis of that energy storage. Now, it has a new client in renewable power developer EDF. Despite this, Ford investors still turned on the stock, sending shares down over 2% in Monday afternoon’s trading.
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The deal with EDF will run for five years, reports note, and offer up to 20 gigawatt-hours of storage capacity. EDF will be able to get up to four gigawatt-hours annually in the form of DC Block battery energy storage systems (BESS) units. Deliveries are set to begin in 2028.
Much of what Ford is turning to to drive the new venture has already been built. It will be using plant space that it set up in Kentucky to put together batteries for use in energy storage. After Ford took a $19.5 billion writedown on its electric vehicle operations back in 2025, it was a safe bet that Ford wanted something that would let it make some money back on the deal. Ford Energy was a natural outcome of that desire.
Military Truck Jobs
Ford is also looking to build out its military supply operations, though not necessarily to just the United States. Reports note that Ford is currently in negotiations with the defense departments of several nations throughout Europe and North America.
The talks started up last year, well ahead of President Trump’s move to get American auto makers back into producing defense hardware. But so far, things are moving along nicely. Ford CEO Jim Farley noted that the talks have not yet produced a contract, but have been “productive.” And Ford is indeed working with the United States government as well, noting that it has been in “…early discussions with the US government on some defense related needs.”
Is Ford Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Hold consensus rating on F stock based on two Buys, nine Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 24.65% rally in its share price over the past year, the average F price target of $13.50 per share implies 3.17% downside risk.
