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Ford (NYSE: F) made a big move in May when it announced plans to launch an energy storage business called Ford Energy.
Ford stock soared 47% last month mostly on the news of the company's new endeavor, and investors are likely excited by ******* ysts' predictions that the new business could generate $500 million in operating profit for Ford by 2030.
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With this new entry storage business about to launch, is now the time to buy Ford stock? Here's why investors may want to hold off on making that move.
Artificial intelligence (AI) is fueling rising demand for energy storage, and Barclays ******* yst Dan Levy recently said that Ford is a "hidden data center beneficiary."
3 months ago

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