Cramer Backs Ford at $13.96 After Dip as 20-Gigawatt Battery Push Targets AI Demand
Updated
Updated · CNBC · Jun 17
Cramer Backs Ford at $13.96 After Dip as 20-Gigawatt Battery Push Targets AI Demand
3 articles · Updated · CNBC · Jun 17
Summary
$13.96 Ford shares drew a fresh buy call from Jim Cramer, who said the pullback has made the automaker a more attractive long-term investment.
Ford's new Ford Energy unit is the key reason: it aims to sell large-scale battery storage systems to data centers and the grid as AI infrastructure drives demand for backup power.
Ford plans to build at least 20 gigawatts of battery storage capacity annually, with first customer deliveries expected in late 2027, making the business a future growth lever rather than a near-term earnings driver.
The stock had jumped above $17 from below $14 after Ford launched the unit last month, but Cramer said most current revenue and profit will still come from Ford's core truck and car business.