Bloom Energy shares experienced significant gains following the announcement of its inclusion in the S&P 500 index. The stock rose 26% over a single week and 207% year to date, with shares trading near $266.53 and the company reaching a market capitalization near $74.5 billion.
The timing of the stock’s rally drew attention due to recent disclosures involving accounts associated with former Speaker Nancy Pelosi’s household. On July 24 and July 28, 2026, four separate Bloom Energy transactions were executed through accounts owned by Paul Pelosi and reported under House rules governing spousal trades. The disclosed transaction values ranged across multiple bands, with the lowest combined valuation floor cited as $3 million. Pelosi’s office stated she owns no individual stocks and had no knowledge of or involvement in these trades, which are required to be filed under her name pursuant to the STOCK Act.
The timing of these trades coincided with strong company performance. On July 28, 2026, the same day as the second tranche of purchases, Bloom reported second-quarter revenue of $1.07 billion, representing 165.5% year-over-year growth and beating consensus estimates by approximately 29%. Non-GAAP earnings per share reached $0.78 versus expectations of $0.41, while product revenue jumped 215%. Management raised full-year guidance to a range of $3.9 billion to $4.2 billion.
The company’s growth was driven by demand from major hyperscalers and data center operators adopting its solid-oxide fuel cell technology for powering artificial intelligence computing facilities. CEO KR Sridhar noted that all major U.S. hyperscalers and numerous other data center operators had validated and approved the company’s power solutions for their AI infrastructure projects.
S&P Dow Jones Indices announced Bloom’s addition to the S&P 500 during the index’s September quarterly rebalance, creating automatic buying pressure from funds tracking approximately $10 trillion in assets. The disclosure documents remain part of the public record surrounding ongoing congressional debate regarding individual stock trading by members of Congress and their spouses.
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