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Bloom Energy Corp. (NYSE:BE) is one of the 10 Stocks Powering Portfolios by Double Digits.

Bloom Energy rallied by 22.9 percent week-on-week, as investors welcomed the appointment of a new chief finance officer (CFO), while positioning portfolios ahead of the results of its earnings performance.

On Monday, April 13, Simon Edwards is set to assume the role of CFO, filling a position that has been vacant for more than a year.

A Bloom Energy power generation system. Photo from Bloom Energy website

Edwards boasts nearly two decades of experience scaling technology companies, having been chief executive officer for AI-inference firm Groq, after initially joining the latter as CFO.

At Groq, Edwards led global financial operations and guided the company through a period of expansion, infrastructure build-out, and its recent licensing agreement with Nvidia Corp.

Apart from Groq, he also held CFO positions at Conga and ServiceMax, as well as CFO for GE Digital.

“Simon brings deep experience across finance and financial operations, along with the discipline, systems thinking and technology leadership needed as Bloom rapidly builds the power platform for the digital economy and beyond,” Bloom Energy Corp. (NYSE:BE) Chairman and CEO KR Sridhar said.

“His engineering foundation, background in software and experience scaling AI infrastructure will be highly relevant as industries face increasing constraints around power availability. He will further strengthen our accomplished management team. We are pleased to welcome Simon to Bloom,” he added.

Likewise, investors loaded portfolios ahead of the results of Bloom Energy Corp.’s (NYSE:BE) earnings performance for the first quarter of the year. A conference call will be held to elaborate on the results.

Market participants are expected to closely watch for Bloom Energy Corp.’s (NYSE:BE) outlook for the year, as well as Edwards’ financial strategy to support the next phase of growth.

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