Bloom Energy shares surged more than 7% in premarket trading Tuesday after congressional financial disclosures revealed former House Speaker Nancy Pelosi’s household had established a significant new stake in the fuel-cell power company. The filings, signed August 21, show purchases of 15,000 Bloom Energy Class A shares completed in two transactions on July 24 and July 28, along with 200 call options with a $100 strike price expiring in June 2027. Based on congressional reporting ranges, the combined position is valued between roughly $4.25 million and $14.5 million.
Pelosi also disclosed simultaneous purchases of Intel shares and call options; Intel is a longtime Bloom Energy customer, reinforcing the AI infrastructure and data-center power theme. A spokesperson said Pelosi does not own any stocks and has no knowledge of or involvement in the transactions, which were attributed to her husband Paul Pelosi. Her trading record continues to attract retail copycat investing: an Autopilot 'Pelosi Tracker' portfolio reportedly has more than 20,000 copiers managing an estimated $44 million based on her disclosures.
The political disclosure landed alongside strong fundamentals. Bloom Energy’s Q2 revenue crossed $1 billion for the first time, up approximately 166% year over year, and management raised full-year 2026 revenue guidance to $3.9 billion to $4.2 billion on accelerating AI data-center demand. In April, Bloom announced an expanded agreement with Oracle that could support up to 2.8 gigawatts of fuel-cell capacity, including 1.2 GW already being deployed across US projects. The company says its AI infrastructure business now includes nearly two dozen customers and about 250 MW outside the Oracle agreement.
Wall Street views are mixed. Analysts expect revenue to roughly double this year to about $4.13 billion and exceed $6.77 billion next year, with EPS forecast to improve from $0.76 to $2.71 in 2026 and nearly double to $4.89 in 2027. JPMorgan raised its price target to $346 from $267 with an Overweight rating, while the broader consensus is a Moderate Buy with an average target of $248.05. Still, valuation remains a concern: the stock has nearly doubled this year despite a sharp correction from about $350 to $204, and its forward non-GAAP price-to-earnings ratio is around 74, far above the S&P 500 average.
From a crypto market perspective, this story is neutral: it centers on an equities trade and AI-energy theme and does not identify any cryptocurrency or blockchain project as directly affected.
