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Weeks After Nancy Pelosi Disclosed A $3 Million Bet, Bloom Energy Is Joining The S&P 500 And The Stock Is Soaring

Bloom shares jumped after S&P Dow Jones Indices said index funds tracking about $10 trillion in assets will have to buy the stock.

  • On August 21, 2026, a periodic transaction report filed under Speaker Emerita Nancy Pelosi's name disclosed a multimillion-dollar position in Bloom Energy, a solid-oxide fuel cell maker powering onsite generation for hyperscale data centers.
  • Paul Pelosi executed the transactions, which were reported under the STOCK Act; Pelosi's office stated she owns no individual stocks and had no knowledge of or involvement in the trades.
  • Filings list four purchases in the household account totaling a $3 million floor, with a potential ceiling of $12 million, made just weeks before the S&P 500 inclusion announcement.
  • Following the S&P Dow Jones Indices announcement that Bloom would join the S&P 500 index during the September quarterly rebalance, shares surged 26% in a single week.
  • Bloom reported second-quarter revenue of $1.07 billion, up 165.5% year over year, as the trade renews the broader debate regarding whether members of Congress should trade individual stocks.
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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Monday, September 7, 2026.
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