8legs: Rbc capital markets

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Ford surges on energy business while US car buying remains slow

Ford joins the energy storage push, potentially expanding its market value as the stock climbs.
Analysts estimate 20 gigawatt hours of storage capacity could translate into significant value.
Auto demand remains slow in the U.S., with analysts noting a downshift from pre-pandemic levels.
Rising car prices and pent-up demand could cushion the decline in new-vehicle sales.
Diversification into robotics, defense, and other sectors is part of the broader auto-supply trend.
Analysts see some affordable traditional autos as attractive despite a tough environment.
China’s competition looms large over the auto sector’s medium-term outlook.
Some peers are pursuing diversification into robotics and defense beyond traditional autos.
Stock movement has been rapid, prompting questions about fundamentals versus momentum.

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