Ford to build compact Bronco SUV in Spain, signs battery storage deal

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RBC: 'We still do not know if Ford will insource components like Tesla or outsource'

May 18, 2026 12:13 PM EDT

RBC Capital analyst Tom Narayan reiterated a Sector Perform rating and $13.00 price target on Ford (NYSE: F).

The analyst comments "What happened? Ford Energy announced this morning that it signed a 5-year framework agreement with EDF Power Solutions North America, where Ford provides 4GWh of BESS annually (deliveries could begin in 2028). EDF Power Solutions is a subsidiary of French state-owned utility EDF and one of the largest... More