TLDR
- Bloom Energy stock opened 5% higher on Tuesday after congressional disclosures revealed Nancy Pelosi purchased 15,000 BE shares and 200 call options in late July.
- Q2 revenue hit $1.07 billion, up 166% year over year, with EPS of $0.78 beating the $0.39 consensus estimate.
- Bloom raised its full-year 2026 revenue forecast to $3.9 billion to $4.2 billion, citing AI data center demand.
- Wall Street holds a “Moderate Buy” consensus with an average price target of $248.05, implying around 21% upside.
- Risks include a high forward P/E of around 74, recent insider selling, and ongoing securities fraud lawsuits related to alleged China supply chain exposure.
Bloom Energy stock opened at $213.55 on Tuesday, up from a prior close of $204.02, after congressional financial disclosures showed Nancy Pelosi’s household had taken a new position in the fuel-cell company.
The stock traded as high as $214.34 by midday, with volume topping 4 million.
Pelosi’s filings, disclosed on August 21, showed two purchases of Bloom Energy Class A stock on July 24 and July 28, totaling 15,000 shares. The disclosure also included 200 call options with a $100 strike price expiring in June 2027.
Based on congressional disclosure ranges, the combined position is valued at between roughly $4.25 million and $14.5 million.
This is Pelosi’s first reported trade in Bloom Energy.
Retail investors closely follow Pelosi’s trades. A July MarketWise survey found 34% of copycat investors track her investments, placing her second only to Warren Buffett at 35%. Quiver Quantitative data shows her portfolio has generated cumulative returns of 965% since 2014, versus 313% for the S&P 500.
Pelosi also disclosed purchases of Intel stock and call options. Intel is a Bloom Energy customer, connecting both trades to the AI infrastructure theme.
Strong Q2 Results Fueled the Move Too
The Pelosi trade landed on top of an already strong earnings report. Bloom posted Q2 revenue of $1.07 billion, up 166% year over year, crossing the $1 billion mark for the first time in a quarter. EPS came in at $0.78, nearly double the $0.39 analyst consensus.
Management raised full-year 2026 guidance to $3.9 billion to $4.2 billion in revenue, with gross margin targeted at 34% and EPS guidance of $2.55 to $2.85.
Analysts expect revenue to rise around 103% this year to roughly $4.13 billion, followed by over $6.77 billion in 2026.
Bloom’s expanded Oracle agreement, which could support up to 2.8 gigawatts of fuel-cell capacity, was cited as a key demand driver. The company says its AI infrastructure business now includes nearly two dozen customers and around 250 MW outside the Oracle deal.
Valuation and Risks to Watch
Despite the bullish setup, Bloom’s valuation remains stretched. The forward non-GAAP P/E sits around 74, well above the S&P 500 average of roughly 20. The stock has already pulled back from a year-to-date high near $350.
Wall Street’s consensus is “Moderate Buy” with an average price target of $248.05. Of 26 analysts covering the stock, three rate it Strong Buy, 10 say Buy, 12 say Hold and one rates it Sell.
Insider selling adds another layer of caution. Director Jeffrey Immelt sold 30,000 shares on August 17 at an average price of $238.91. Insider Satish Chitoori sold 2,053 shares on August 14. Total insider sales over the last quarter reached roughly 144,000 shares worth $38.5 million.
Securities fraud lawsuits alleging Bloom misled investors about its China supply chain exposure remain active, with a lead-plaintiff deadline of September 28.
JPMorgan holds an Overweight rating with a price target of $314.
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