Key facts
- Accounts linked to Paul Pelosi purchased 15,000 Bloom Energy shares and 200 call options between July 24 and July 28.
- The transactions were reported in ranges totaling $3 million to $12 million.
- Bloom Energy reported record second-quarter revenue above $1 billion on July 28.
- Bloom Energy stock rose 26.5% by July 30 following the earnings report.
- The trades were disclosed on August 21, weeks after they were made.
- Pelosi voted against a bill to tighten restrictions on lawmaker stock trading on July 22.
Accounts linked to Representative Nancy Pelosi's husband, Paul Pelosi, purchased between $3 million and $12 million worth of Bloom Energy shares and call options in late July. The transactions, made on July 24 and July 28, occurred shortly before Bloom Energy reported record second-quarter revenue above $1 billion after market close on July 28. Following the earnings report, Bloom Energy's stock surged 26.5% by July 30. The trades, which included 15,000 shares and 200 call options with a $100 strike price expiring in June 2027, were not publicly disclosed until August 21, weeks after they were executed, as required by the STOCK Act. This investment has added to the ongoing scrutiny of congressional stock trading. Notably, Pelosi voted against House bill H.R.700, which aimed to impose tighter restrictions on lawmakers and their families' stock trading, just two days before the first Bloom transaction. A spokesperson for Pelosi stated that she does not own any stocks and has no knowledge of or involvement in any transactions.