#2 - Ford (NYSE:F)
I was a fan of Ford (NYSE:F) as a player in the electric vehicle sector because I saw the company as an example of perseverance paying off. The company was the first of the Big 3 to go all-in on electric. But investors don’t typically reward good efforts they want to see results. We can be a “what have you done for me lately” bunch.
Well, Ford has answered that question in a big way. The legacy automaker posted earnings on October 26 and gave analysts a lot to think about. In addition to beating forecasts on the top and bottom line, the company raised its full-year profit forecast and restored its dividend.
And the company’s optimism comes, in large part, to demand its EVs. Chief executive officer Jim Farley remarked that the company has 200,000 orders for its electric Mustang Mach-E SUV. The company is also beginning to scale its EV production and Farley believes by the middle of this century Ford will be able to build over 1 million battery electric vehicles with more capacity likely to be needed. About Ford Motor
Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
Read More - Current Price
- $12.89
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $14.02 (8.8% Upside)
