Pelosi Household's Bloom Energy Investment Precedes S 500 Inclusion Announcement
The household of Nancy Pelosi disclosed an investment ranging from $3 million to $12 million in San Jose-based Bloom Energy. These trades, executed through accounts owned by her husband, Paul Pelosi, involved the purchase of shares and call options in late July. This investment occurred shortly before Bloom Energy reported strong earnings and approximately six weeks prior to the announcement of its inclusion in the S&P 500. Specifically, on July 24, the account acquired 10,000 Bloom Energy shares and 100 call options, with a combined minimum value of $2 million. Four days later, on July 28, an additional 5,000 shares and 100 call options were purchased, valued between $1 million and $2 million. The call options grant the household the right to buy Bloom Energy shares at a fixed strike price of $100 before their expiration on June 17, 2027. The company's stock has seen a significant increase, rising over 400% in the past 12 months and nearly 40% in the five days leading up to September 8. Bloom Energy's inc...
