What's the Deal With Nancy Pelosi and the Bloom Energy Stock Surge?

In brief

• Accounts owned by Nancy Pelosi's husband bought 15,000 Bloom Energy shares and 200 call options in late July.
• The second purchase came shortly before Bloom reported record quarterly results, with the stock jumping more than 26% by the July 30 close.
• The trades became public weeks later under the STOCK Act, adding to scrutiny of congressional stock trading.

Bloom Energy shares jumped more than 6% in premarket trading Tuesday after a financial disclosure from Representative Nancy Pelosi revealed a multimillion-dollar household investment in the fuel-cell company.

While the disclosure appears to have spiked Bloom Energy’s price this week, Pelosi’s trades were made a month earlier. What’s more, Pelosi’s position in Bloom has netted a 26% gain since the purchases were made.

It’s a familiar story when it comes to Pelosi and stock trades, which has garnered the former House speaker intense criticism over the years—and her very own stock tracker on Unusual Whales where other investors can copy her trades.

Pelosi disclosed millions of dollars in Bloom Energy investments late last week and weeks after shares and options were purchased through her husband's accounts, including a purchase shortly before the fuel-cell company reported record quarterly results.