Bloom Energy (BE) Stock Jumps 5% After Pelosi Reveals New Position
TLDR
- Bloom Energy stock opened 5% higher on Tuesday after congressional disclosures revealed Nancy Pelosi purchased 15,000 BE shares and 200 call options in late July.
- Q2 revenue hit $1.07 billion, up 166% year over year, with EPS of $0.78 beating the $0.39 consensus estimate.
- Bloom raised its full-year 2026 revenue forecast to $3.9 billion to $4.2 billion, citing AI data center demand.
- Wall Street holds a “Moderate Buy” consensus with an average price target of $248.05, implying around 21% upside.
- Risks include a high forward P/E of around 74, recent insider selling, and ongoing securities fraud lawsuits related to alleged China supply chain exposure.
Bloom Energy stock opened at $213.55 on Tuesday, up from a prior close of $204.02, after congressional financial disclosures showed Nancy Pelosi’s household had taken a new position in the fuel-cell company.
The stock traded as high as $214.34 by midday, with volume topping 4 million.
Pelosi’s filings, disclosed on August 21, showed two purchases of Bloom Energy Class A stock on July 24 and July 28, totaling 15,000 shares. The disclosure also included 200 call options with a $100 strike price expiring in June 2027.
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