Bloom Energy is joining the S&P 500 in the index's September quarterly rebalance, weeks after a periodic transaction report filed under Nancy Pelosi's name disclosed a multimillion-dollar position in the stock. The fuel-cell maker's shares have climbed sharply on the index news and a strong second-quarter earnings report.
Bloom Joins the S&P 500
S&P Dow Jones Indices announced Bloom's addition alongside two other names in its quarterly rebalance. Quarterly rebalances are routine index maintenance, yet forced buying by index funds tracking roughly $10 trillion in assets creates a real bid.
As a result, Bloom shares are up 26.46% over the past week and 206.75% year to date. The stock last printed $266.53, up 5.4% in Tuesday premarket trading. Market capitalization sits near $74.5 billion.
A Well-Timed Household Trade
Before that announcement, on August 21, 2026, a periodic transaction report filed under Nancy Pelosi's name disclosed a multimillion-dollar position in Bloom Energy. The filing lists four purchases. On July 24, 2026, a stock lot and an options lot both fell in the $1,000,001 to $5,000,000 band. Then, on July 28, 2026, a second stock lot and matching options landed in the $500,001 to $1,000,000 band.
Congressional disclosures report only value bands, never exact figures. The widely cited "$3 million" is the floor of the combined bands, though the ceiling implied by the same filing runs to $12 million. Meanwhile, the transactions were executed through accounts owned by Paul Pelosi and reported under House rules governing spousal trades; her office has stated she owns no individual stocks and had no knowledge of or involvement in the transactions.
Earnings Beat Backs the Rally
The second tranche landed the same day Bloom reported second-quarter revenue of $1.07 billion, up 165.5% year over year, beating the $827 million consensus by 28.8%. Non-GAAP earnings per share came in at $0.78 versus $0.41 expected. Product revenue, meanwhile, jumped 215%. Management then raised full-year guidance to $3.9 billion to $4.2 billion in revenue.
A well-timed trade followed by good news does not by itself establish advance knowledge or wrongdoing. The timeline is on the record, and readers can draw their own conclusion.
Source: 24/7 Wall St.
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