Is Ford Stock a Buy Right Now While It's Down From Its Peak?
The automaker looks to its new energy segment to offset losses.
Overview
Ford Motor Company (NYSE: F) is down nearly 20% from its late-May peak. A weak sales report, uncertainty around tariffs, and another recall largely triggered the pullback. The news wasn't great, but Ford has an unrelated catalyst investors should pay attention to.
Ford Energy, the company's newest endeavor, marks a shift away from a sluggish electric-vehicle segment toward battery energy storage systems (BESS) for utilities, data centers, and large industrial and commercial customers in the U.S. Ford Energy plans to deploy at least 20 gigawatts annually, beginning in late 2027.
Details
Even with Ford Energy's promising outlook, the automaker is still facing substantial headwinds. The EV division will likely post approximately $4 billion in losses this year. As competition increases, the recalls and macroeconomic picture in the U.S. don't make things any easier for the brand.
Source
Originally published at www.fool.com.