Nasdaq F Ford

There has been a lot of buzz around electric vehicle (EV) companies as of late. In April, Toyota unveiled plans for 15 new battery-electric vehicles. In May, Ford debuted the Lightning, an all-electric version of its famed F-150.

It's clear that Ford Motor Company's (NYSE: F) new electric F-150 Lightning pickup could play a big role in the push to get more consumers to adopt electric vehicles. But will it give Ford's profits a boost, or is it just about defending the Blue Oval's existing pickup-truck turf

Ford Motor Company (F) is buying Electriphi, a California-based provider of charging management and fleet monitoring software, to simplify the transition to electric vehicle fleets while saving time and costs for customers.

Electriphi will be combined with Ford Pro, Ford’s new business unit delivering Best-In-Class Commercial Products, Telematics, and Vehicles.

Ford believes this combination with Electriphi will boost the adoption of its EV fleet of vehicles like the F-150 Lightning Pro and the E-Transit van.

The acquisition is expected to close in June. Terms of the deal remain undisclosed.

According to Ford Pro, the depot charging industry is expected to grow to over 600,000 full-size trucks and vans by 2030.

With the transition towards electrification gaining pace in the commercial vehicle segment, Ford Pro aims to capture over $1 billion in revenue from charging by 2030. (See Ford stock chart on TipRanks)

Ford Pro CEO Ted Cannis said, “With Electriphi’s existing advanced technology IP in the Ford Pro electric vehicles and services portfolio, we will enhance the experience for commercial customers and be a single source solution for fleet-depot charging.”

From charging installation to operation, Electriphi’s charging platform will give customers a complete end-to-end solution, including employee home charging, public charging, and e-telematics solutions.

Cannis added, “Bringing Electriphi on board is the last component to complete Ford Pro’s strategy to establish a commanding leadership position in the software space and build out our full-service stack to create an always-on relationship with the commercial customer.”

Having an overall bullish outlook for the EV sector supported by the favorable regulations under the Biden administration, BofA Securities analyst John Murphy recently reiterated a Buy rating on the stock with a price target of $17, which implies 15.1% upside potential to current levels.

The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating based on 9 Buys, 6 Holds, and 1 Sell. The Ford average analyst price target of $15.13 implies 2.4% upside potential to current levels. Shares have gained 65% over the past six months.

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Foreign automakers' hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the United States.

The global automaker, Ford Motor Company (F), announced that second-quarter earnings before interest and taxes (EBIT) will be higher-than-expected and considerably higher compared to the year-ago period. Q2 results are scheduled for July 28.

Despite industry-wide semiconductor shortages, Ford is witnessing an improvement in its motor business, propelled by lower-than-estimated costs and favorable market conditions. (See Ford stock chart on TipRanks)

Additionally, Ford Credit is benefitting from higher vehicle auction values.

However, the company stated that net income for the second quarter will be lower than in Q2 FY20 when a $3.5 billion gain on Ford’s investment in Argo AI was included.

The company’s CEO Jim Farley said, “We’re providing customers with great value today and there’s much more on the way, because we’re executing Ford+ from strength – with iconic nameplates and leading positions with retail and commercial customers around the world, and the best financing company in our industry in Ford Credit.”

Reservations for its new vehicles have expanded to 190,000 for the reimagined full-size Bronco SUV, 125,000 of which have already been converted to orders. Also, Ford has received 100,000 orders for the battery-electric F-150 Lightning pickup, 36,000 for the all-new Maverick compact pickup, and 20,000 for the all-electric E-Transit commercial van.

BofA Securities analyst John Murphy recently updated his long-term Electrical Vehicle penetration forecast for the U.S. market to 7% by 2025 (up from 4.5%), and for 2030, he sees EV penetration of 20% (up from 12.5%)

Having an overall bullish outlook for the EV sector, supported by favorable regulations under the Biden administration, Murphy reiterated a Buy rating on Ford with a price target of $17, implying 15.1% upside potential to current levels. Shares have gained 65% over the past six months.

Consensus among analysts is a Moderate Buy based on 9 Buys, 6 Holds, and 1 Sell. The average analyst price target of $15.13 implies that shares are almost fully priced at current levels, with approximately 2.4% upside potential over the next 12 months.

Ford scores a “Perfect 10” from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.

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Foreign automakers' hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the United States.

Ford Motor Company (NYSE: F) said that its second-quarter adjusted operating profit will be higher than it had expected, and "significantly better" than its year-ago result, as continued high demand for new and used cars and trucks has kept prices strong.

U.S. technology shares jumped on Thursday on optimism around a speedy economic recovery, although the Federal Reserve's unexpectedly hawkish message on monetary policy kept the S&P 500 subdued.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

U.S. technology shares rose on Thursday on optimism around a speedy economic recovery, although the Federal Reserve's unexpectedly hawkish message on monetary policy kept the S&P 500 and the Dow indexes subdued.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Weakness in tech shares was set to pull Wall Street lower on Thursday after the Federal Reserve signaled it could start tapering its stimulus earlier than expected, piling pressure on a sector that is seen as vulnerable to higher interest rates.

Consumer stocks were slipping ahead of Thursday's market open as the Consumer Staples Select Sector SPDR Fund (XLP) was down 0.20% while the Consumer Discretionary Select Sector SPDR Fund (XLY) was unchanged recently.

Ford Motor Co said on Thursday that an improvement in its automotive business will help the company post second-quarter adjusted operating earnings above its own expectations.

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Ford Motor Co said on Thursday second-quarter adjusted earnings before interest and taxes will surpass its expectations and be significantly better than a year earlier.

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