Barclays analyst Dan Levy believes Ford Energy could be an incremental $3B revenue and $300M-$500M EBIT opportunity for Ford (F), but sees potential execution risks. Ford’s opportunity in energy storage came into focus over the past couple days, the analyst tells investors in a research note. Barclays believes the company’s opportunity “should be balanced against questions of execution and ramp.” While there is likely a supply/demand mismatch in the U.S., which would benefit Ford, Tesla (TSLA) remains the dominant player, with more capacity coming online, contends Barclays. The firm keeps an Equal Weight rating on Ford with a $13 price target. The stock jumped 13% on Wednesday to $13.57.
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