Pelosi Husband Bought Bloom Stock Day of Record Earnings
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- Paul Pelosi's accounts bought 15,000 Bloom Energy shares and 200 call options (with a $100 strike expiring June 2027) on July 24 and July 28, totaling $3 million to $12 million per STOCK Act disclosure.
- Bloom Energy reported record Q2 revenue above $1 billion after the July 28 close — the same day as the second purchase — with shares jumping 26.5% by July 30.
- Bloom shares rose another 6%+ in premarket trading Tuesday after the late-August disclosure, netting the Pelosi household a 26% gain on the position.
- Bloom Energy spent $60,000 on federal lobbying in Q2 on tax issues involving fuel cells, electrolyzers, hydrogen, and carbon capture, per Quiver Quantitative.
- Representative Pelosi voted against H.R.700 on July 22 — a bill imposing tighter stock-trading restrictions on lawmakers and their families — two days before the first Bloom transactions.
- A Pelosi spokesperson told Barron's that the former speaker "does not own any stocks and has no knowledge or subsequent involvement in any transactions."
Why it matters: Pelosi voted against H.R.700 — a bill restricting lawmaker stock trades — on July 22, two days before the first Bloom purchase, while Bloom spent $60,000 lobbying Congress on fuel-cell tax issues that quarter. The trades' timing relative to earnings and their delayed disclosure under the STOCK Act renew scrutiny of congressional trading.
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