#3 - Ford (NYSE:F)
Unlike the Tesla or Nio, Ford (NYSE:F) stock is up for 2021, and quite substantially. The legacy auto maker’s stock is enjoying a compelling 44% gain. However much of this recent success has to do with the unexpectedly high demand for its relaunch of the Ford Bronco, an SUV with an internal combustion engine.
But while the Bronco may be Ford’s present, the company has made it clear that electrification is its future. In fact, the company made that commitment many years ago. But the market hasn’t really rewarded Ford for that effort. Partly because investors understood that a true electric future was years away.
But it’s getting a lot closer. And now investors are starting to like what they’re hearing. The company plans to go all-electric in Europe by 2030. And it will only offer electric and hybrid models in Europe as of 2026. And here in the United States, Ford plans to launch over a dozen EVs in the next two years. Leading the way will be the Mustang Mach-E which will be available this summer.
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
- $10.03
- Consensus Rating
- Reduce
- Ratings Breakdown
- 3 Buy Ratings, 7 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $11.83 (18.0% Upside)
