Nancy Pelosi’s family’s latest stock trade has generated a return of more than 65% in less than two months, drawing renewed scrutiny over the timing of the investment.
In this case, Paul Pelosi, husband of former House Speaker Nancy Pelosi, purchased Bloom Energy (NYSE: BE) shares and call options in late July 2026. Since then, the stock has rallied sharply as investors increasingly bet on companies benefiting from AI data center power demand.
Data shows one of the disclosed option purchases made on July 28 was up about 66.16% as of press time, compared to a 3.39% gain for the S&P 500 over the same period.
House disclosure filings show Pelosi acquired roughly 15,000 Bloom Energy shares and 200 call options through transactions on July 24 and July 28.
The purchases included about 10,000 shares near $185 and 100 call options in the first transaction, followed by about 5,000 shares near $167 and another 100 call options with a $100 strike price expiring in June 2027. The combined position was disclosed in a value range of approximately $3 million to $12 million.
The Congress trades became public around August 21 under STOCK Act disclosure rules, which allow lawmakers and their spouses up to 45 days to report transactions.
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Notably, Pelosi’s office has consistently stated that she does not own individual stocks and has no involvement in her husband’s trading decisions.
Why BE stock is rallying
Bloom Energy’s rally has been driven by surging demand for AI data center power solutions. The company, which provides fuel-cell systems for on-site electricity generation, has emerged as a key beneficiary of rising AI infrastructure spending.
Momentum accelerated after Bloom Energy reported record second-quarter results, with revenue surpassing $1 billion for the first time and rising 166% year over year. The company also raised its full-year outlook, secured additional data center agreements, and expanded financing partnerships to support growth.
Shares received another boost on September 4 after Bloom Energy was added to the S&P 500, a move expected to attract passive fund inflows.
The purchase has renewed scrutiny of congressional stock trading because it came before major catalysts, including strong earnings and the company’s S&P 500 inclusion.
Critics argue that large, well-timed trades by lawmakers and their families can create the appearance of conflicts of interest, while supporters of stricter trading rules point to disclosure delays that can keep transactions hidden for weeks.
However, no public evidence has linked Nancy or Paul Pelosi to the use of non-public information, and no wrongdoing has been established.
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