There were concerns that legacy automaker Ford (F) was going to get rid of the F-150 Lightning, its major electric pickup line. A lack of sales coupled with production issues made this one a prime target for paring back. But new reports from an unlikely source say that the Lightning may not be that dead after all. The news sparked joy with investors, though, who sent shares up nearly 1.5% in Tuesday afternoon’s trading.
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So where did the new reports come from that suggested Ford may bring back the Lightning? The reports emerged, of all places, on LinkedIn. Several Ford employees working at the Ford World Headquarters actually included notes about a “Gen 2 F-150 Lightning” in their profiles. The news did not last long, though, as the profiles removed any reference to a Gen 2 Lightning not long after it was spotted.
But that was not all the leaking found on LinkedIn, as reports suggested the Gen 2 F-150 could be joining the F-150 lineup “…in late 2027 or 2028.” This would be about the same time that new Super Duty pickups showed up as well. Given that a new F-Series lineup should be showing up sometime next year, the reports are not necessarily out of line.
Backing Up Thanksgiving
In the United States, it is a little over a week until Thanksgiving. And that means, for most, getting the family together with all the old familiar favorite dishes. Yet with over 5.9 million people living over a mile from a grocery store without transportation to get there, that represents a particular challenge. A challenge Ford is stepping in to help with.
Ford, via Ford Philanthropy, is putting $4 million into supporting “fresh food access,” including mobile food programs at over 20 local food banks. Ford is putting this support in communities where Ford has a plant, and focusing on the United States. Detroit, Louisville, Kansas City and several other areas are getting support for one program or another geared toward getting food into the hands of those who need it.
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 two Sells assigned in the past three months, as indicated by the graphic below. After an 16.56% rally in its share price over the past year, the average F price target of $12.14 per share implies 6.87% downside risk.
