Back to top

Analyst Blog

Ford Motor Co. (F - Analyst Report) intends to introduce the C-MAX Solar Energi Concept car at the International Consumer Electronics Show in Las Vegas. The automaker revealed that the solar-powered concept car is as good as a plug-in hybrid, without the need for a plug.

Ford is manufacturing the new car in collaboration with SunPower Corp. and the Georgia Institute of Technology. The vehicle is powered with a gasoline engine integrated with a gizmo. This functions like a magnifying glass, focusing the sun's rays on the solar panels on the vehicle's roof. The sun-ray concentrator was developed by the Georgia Institute using Fresnel lens.  Solar energy charges the battery for four hours or 8 kilowatts.

This eco friendly vehicle is expected to limit greenhouse gas emission by four metric tons. Additionally, it will be providing 100 mpg on the city highway. Ford believes that solar energy can support about 75% of the trips made by an average driver. The concept car is also equipped with a plug-in port for electric charging.

Electric vehicles are gaining popularity with time. Ford sold 85,000 hybrid or electric vehicles in 2013, including 6,300 C-MAX Energi plug-in hybrid. After showcasing the vehicle, Ford will be considering large scale production of the vehicle.

Ford projects retail sales to exceed 1.7 million units in 2013. This will be the highest in the last six years. Meanwhile, retail sales of passenger cars are likely to cross 0.6 million units, the highest since 2000. Thus, Ford expects to retain the best-selling vehicle brand tag in the U.S. in 2013.

Ford is one of the largest automobile producers in the world along with General Motors Company (GM - Analyst Report), Toyota Motor Corporation (TM - Analyst Report) and Honda Motor Co., Ltd. (HMC - Analyst Report). Currently, Ford has a Zacks Rank #3 (Hold).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%