🟢 F is trading 4.9% up today after taking full ownership of EV battery plants and securing a $3.8B DOE loan

F is trading 4.9% up now at $14.35, extending a rally following news that Ford is taking full ownership of two Kentucky EV battery plants and securing a $3.805 billion DOE loan.

• The automaker is exiting the BlueOval SK joint venture to gain increased strategic control over key U.S. EV battery assets.
• Investors are cheering the company's clearer long-term electrification plans as gains significantly outpace the broader, modestly positive U.S. equity market.