Ford Motor Firm (NYSE:F) Inks A Memorandum Of Understanding With Major Automaker in Europe- Public Service Enterprise (NYSE:PEG)

Shares of Ford Motor Firm (NYSE:F) [Trend Analysis] runs in leading trade, it surging 0.34% to traded at $11.96. The firm has price volatility of 1.33% for a week and 2.08% for a month. Its beta stands at 1.11 times. BMW Group, Daimler AG, Ford Motor Firm (F) and Volkswagen Group with Audi and Porsche have inked a memorandum of understanding to create the highest-powered charging network in Europe. The goal is the quick buildup of a sizable number of stations to enable long-range travel for battery electric vehicle drivers.

The projected ultra-fast charging network with power levels up to 350 kilowatt will be importantly faster than the most powerful charging system deployed . The buildup is planned to start in 2017. An initial target of about 400 sites in Europe is planned.

By 2020, consumers should have access to thousands of high-powered charging points. The goal is to enable long-distance travel through open-network charging stations along highways and major thoroughfares, which has not been feasible for most battery electric vehicle drivers to date. Narrow down four to firm performance, its weekly performance was 0.59% and monthly performance was 1.87%. The stock price of F is moving up from its 20 days moving average with 1.46% and isolated positively from 50 days moving average with 0.87%.

Several matter pinch shares of Public Service Enterprise Group Inc. (NYSE:PEG) [Trend Analysis], as shares plunging -3.57% to $41.31 with a share volume of 3.24 Million. Public Service Electric and Gas Firm (PSE&G) a subsidiary of Public Service Enterprise Group Incorporated (PEG), reported that the New Jersey Board of Public Utilities (BPU) has agreed an extension to the utility’s Solar 4 All program.

The authorization authorizes PSE&G to invest up to $80 million over the next three years to build an additional 33 megawatts-dc of solar farms on landfills and brownfields in PSE&G’s electric service territory. With this new authorization , Solar 4 All is now a 158 megawatt-dc program that utilizes rooftops, parking lots, utility poles and landfills/ brownfields for universal solar projects. This is the second extension to Solar 4 All.

The BPU originally agreed the program in 2009, allowing PSE&G to install 80 megawatts-dc of solar capacity. The first BPU-agreed extension was in 2013 allowing PSE&G to build an additional 42 megawatts-dc of solar capacity on landfills, brownfields, and 3 megawatts-dc in solar pilot programs for storm hardening and grid resiliency.

Of the 158 megawatts-dc presently agreed there are 115 megawatts-dc in service, with an additional 10 megawatts-dc predictable to be in service by the end of the year. The stock is going forward its 52-week low with 15.43% and moving down from its 52-week high price with -11.23%. To have technical analysis views, liquidity ratio of a firm was calculated 1.10 as evaluated with its debt to equity ratio of 0.81. The float short ratio was 1.79%, as compared to sentiment indicator; Short Ratio was 3.09.


About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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