We recently compiled a list of the 5 Best EV Stocks for 2025. In this article, we are going to take a look at where Forward Industries, Inc. (NASDAQ:FORD) stands against the other EV stocks.
The automotive industry is on a steady growth path, with the electric vehicle (EV) segment leading the charge. Growing momentum and technological advancements are there to adhere to consumer demands, alongside new government policies. As the industry moves towards a cleaner and sustainable future, it opens the door for investors to profit from it.
Around the end of 2024, the number of EVs sold globally was predicted to surpass 17 million, which is a significant jump from 13 million in 2023. Though the electric vehicle witnessed an increasing number of challenges last year, 2025 could bring new opportunities for the industry. Stepping into the new year could help revitalize investor sentiment for the EV market, and bolster investor confidence going forward.
A Ford truck roaring down a highway, with powerful headlights blazing its way.
Forward Industries, Inc. (NASDAQ:FORD)
Ford Motor Company (F) has been aggressively entering the EV sector. With models like the Mustang Mach-E and F-150 Lightning, the company has become a strong contender for other legacy automakers. Ford’s Q3 2024 report shows an upward trend. For the reported period, revenue of $46 billion rose 5% compared to Q3 2023. This marks the 10th consecutive quarter with a year-over-year (YoY) increase.
The share performance throughout 2024 saw a good amount of ups and downs. At the beginning of the year, F prices were below the $12.00 mark and showed a gradual increase for the first three quarters. In the past 12 months, Ford has managed to remain profitable, despite the increased competitive market landscape.
Additionally, the company has reported a positive free cash flow for the last five years, however in the last reporting quarter, EBITDA of $2.63 billion declined 14.16% year-over-year. Based on the current Return on Equity (ROE), F delivers a value of 7.96%, outperforming a robust 77% of industry leaders, and delivering an ROE above industry average.
Conclusion
As the EV market continues to expand at a fast pace, investing in EV stocks offers a unique opportunity for investors to capitalize. The transition towards sustainable transport, followed by the supporting industries, means that the EV segment is on a growth path. This is good news for investors looking to invest in this segment, and today’s five stocks can be an excellent option that can result in a solid profit.
Overall F ranks 5th on our list of the best EV stocks to buy. While we acknowledge the potential of F as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than F but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Disclosure: I have a tiny position in Tesla. No positions in any other stocks. This article is originally published at Insider Monkey.
