#5 - Ford (NYSE:F)
If I asked if you would be interested in a stock that’s climbed 60% in 2021, would you be interested? I bet you would. So even though it’s not one of the new kids on the block, if you’re looking to invest in EV stocks, Ford (NYSE: F)deserves strong consideration.
The company’s stock is getting a boost from an executive order signed by President Biden that calls for 50% of new car sales to be electric by 2030. The order, which is more of a request, is part of the Biden administration’s broader clean energy and infrastructure initiative.
Still, as one of the “Big Three,” Ford stands to benefit from this initiative. In fact, the company issued its own statement in which it said it is well-positioned to ensure that electric vehicles make up 40% to 50% of its U.S. sales by 2030.
Analysts project F stock to climb an additional 7% from current levels over the next 12 months.
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
- $11.27
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $12.02 (6.7% Upside)
