Ford bounced back in May, with shares rising 6.9% in premarket trading on Monday. This gain follows a 7.5% drop on Friday and continues a rally that has lifted the stock 18% this month, marking its best monthly performance since 2023. Two key announcements fueled this move, but only one is about cars. Here’s what the EDF energy storage deal and the new European models could mean for Ford’s diversification plans and whether this momentum can last.
Ford’s new subsidiary, Ford Energy, has signed a framework agreement with French utility EDF Group to supply up to 20 gigawatt hours of battery energy storage systems over five years, with deliveries starting in 2028. Ford Energy offers large-scale battery storage solutions for utilities, data centers, and businesses in the United States. This deal with EDF is its first major commercial agreement and shows that Ford is committed to competing in the energy infrastructure market as well as in its main automotive business.
Ford also introduced seven new models for Europe. Two Ford Pro commercial vehicles are available now or will be later this year. Five passenger models are set to launch by the end of 2029, including a small electric SUV, two crossovers that use multiple energy sources, a multi-energy Bronco SUV, and an electric hatchback. Ford Pro has led European commercial vehicle sales for eleven years in a row.
