Bloom Energy to Join the S&P 500 Weeks After Nancy Pelosi Disclosed Multi-Million Dollar Bet

US Rep. Nancy Pelosi disclosed in a 21st August periodic transaction report that her husband, Paul Pelosi, purchased 15,000 shares of Bloom Energy and 200 call options with a strike price of $100 and a 17th June 2027 expiry across multiple trades in July.

Weeks later, the Bloom Energy stock surged by over 9% on Tuesday after the S&P Dow Jones Indices announced that the fuel-cell power company will join the S&P 500. The stock will join the index, along with Illumina and Everpure, before markets open on 21st September. The changes, part of S&P's quarterly rebalancing, are meant to ensure that each index better reflects its market-capitalization range.

In short, Bloom Energy makes fuel cell systems to power data centres and tech manufacturing facilities, and the stock has emerged as a beneficiary of rising energy demands driven by the AI boom.

Inclusion in the benchmark index is likely to ramp up demand for the company's shares, as index-tracking funds and ETFs adjust their holdings to reflect the updated index composition. Adding to the stock rally momentum, Hitachi announced a partnership with Bloom to deliver fuel cell-based on-site electricity generation systems targeting data centres and industrial clients in Japan, according to TipRanks.

Pelosi's Bloom Energy trades in July are notable because Quiver Quantitative estimated that they are already up by at least 40% in such a short span.

Pelosi is among the wealthiest members of Congress with an estimated net worth of $263 million. Pelosi, who has battled allegations of insider trading for years, announced in late 2025 that she will not seek re-election at the end of her current term in January 2027. Her investment portfolio, supposedly managed by Paul, has surged by an estimated 990% since 2014.

Why Is the Bloom Energy Stock Up 219% Year-to-Date?

The Bloom Energy stock rally could be attributed to multiple drivers. The Trump Administration had said earlier this year that it would keep federal funding in place for hydrogen hub projects, including those tied to Bloom's technology.

This development matters because it removes a major overhang tied to Biden-era grants and bolsters confidence in the company's long-term hydrogen pipeline.

Bloom Energy also expanded its strategic collaboration with Oracle in April to supply 2.8 gigawatts of solid oxide fuel cell capacity for Oracle's AI data centres. Furthermore, the company also secured a $2.65 billion deal with American Electric Power for a 900-megawatt project in Wyoming, giving it another long runway of demand.

The company achieved a record quarterly revenue of $1.05 billion in Q2, and even raised its full-year 2026 revenue guidance to $3.9 billion to $4.2 billion, which is a 100% year-over-year growth at the midpoint.

'Today, all the major US hyperscalers and over a dozen US neoclouds, AI labs, and colocation data center operators have validated and approved our power solutions for their AI factories. Bloom is now a standard for AI onsite power,' Bloom CEO KR Sridhar had said in an earnings call.

Bloom Energy is also collaborating with Trump-backed Intel. Bloom has supplied fuel-cell power to Intel's Santa Clara data centre for over a decade, and announced an expansion in 2024 with the goal to create Silicon Valley's largest fuel-cell-powered high-performance computing data centre.

Pelosi also purchased 10,000 shares of Intel for up to $1 million, as well as 50 call options with a $50 strike price and 17th June 2027 expiry for up to $500,000. These trades were executed in late July and are estimated to be up by over 9%.

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