15 Best NASDAQ Stocks to Buy According to Hedge Funds

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2. American Electric Power Company Inc. (NASDAQ:AEP)

American Electric Power Company Inc. (NASDAQ:AEP) is one of the best NASDAQ stocks to buy according to hedge funds. On March 6, American Electric Power, or simply AEP, announced that Adrian Rodriguez has been named president and chief operating officer of AEP Texas. Joining the company on March 30, Rodriguez will report directly to AEP Chairman, President, and CEO Bill Fehrman. He succeeds Judith Talavera, who has left the organization, while Alex Ramirez, vice president of Distribution Operations, serves as interim president until Rodriguez officially assumes the role.

Rodriguez transitions to AEP Texas from his current role as president of Southwestern Public Service Company, which is a subsidiary of Xcel Energy. His professional background includes leadership positions such as senior vice president of Regulatory & Strategy at Puget Sound Energy and interim CEO at El Paso Electric Company.

The appointment is intended to align with American Electric Power Company Inc.’s (NASDAQ:AEP) strategy to capitalize on growth in Texas by utilizing its 765-kV transmission capabilities and strengthening operational performance. The CEO highlighted Rodriguez’s proven ability to build trust with regulators and local leaders while maintaining a focus on safety and reliability. Rodriguez expressed his commitment to working with the AEP Texas team to build a modernized energy system and create value for local communities during this pivotal growth period for the state.

American Electric Power Company Inc. (NASDAQ:AEP) is an electric public utility holding company that generates, transmits, and distributes electricity for sale to retail and wholesale customers in the US.

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