Bloom Energy (BE) Announces the Appointment of Aaron Hoover to Lead Business and Corporate Development

Bloom Energy Corporation (NYSE:BE) is one of the best hot large cap stocks to buy according to hedge funds. On August 21, Bloom Energy Corporation (NYSE:BE) announced the appointment of Aaron Hoover to lead business and corporate development. He would be assigned with developing and overseeing strategic partnerships with energy ecosystem players, driving corporate development initiatives.

Bloom Energy (BE) Soars 18% as JPMorgan Turns Bullish

In other news, Lloyd Byrne from Jefferies reiterated a Hold rating on Bloom Energy Corporation (NYSE:BE) in a report released on August 18, setting a price target of $24.00.

Bloom Energy Corporation (NYSE:BE) is involved in the manufacture and installation of a solid oxide fuel-cell based power generation platform. The company’s product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity via an electrochemical process without combustion.

While we acknowledge the potential of BE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.