Ford Motor (F) Stock Continues to Rise After it Announced Energy-storage Subsidiary, Reports WSJ

Ford Motor Company (NYSE: F ) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 27, WSJ reported that the company’s stock continues to rise after it announced a new energy-storage subsidiary, Ford Energy. The division was launched with an investment of $2 billion, and it can turn batteries that were intended to be used for EVs into stationary energy-storage systems for AI data centers, power utilities, and large industrial customers.

WSJ further added that Ford Motor Company (NYSE:F) can now compete with other renowned battery-making companies, including Tesla and LG Energy Solution. For the investors who are bullish on the company, this division provides an opportunity to reap the benefits of the broader AI boom and elevated energy demand in the U.S., added WSJ. This comes at a time when the overall auto industry is being impacted by the EV downturn and sees less usage for the batteries than it expected earlier.

Ford Motor Company (NYSE:F) is engaged in developing, delivering, and servicing Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles.

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