Rep. Nancy Pelosi (D-Calif.) reported investments in Bloom Energy worth millions of dollars in a disclosure filed this week, weeks after the purchases were made through her husband's accounts. One of those purchases came just before the fuel-cell company reported record earnings, according to financial documents.
Disclosure filings and the timing
The transactions were listed in a periodic transaction report filed with the House clerk. The filings cover stock and options purchases in Bloom Energy, a San Jose-based company that makes fuel cells for power generation. The exact dollar amounts and dates of the purchases are detailed in the report, but the report was filed weeks after the transactions took place.
One purchase in particular landed just ahead of Bloom Energy's earnings announcement, which the company described as record-setting. That timing is now drawing attention because the report surfaced after the company's share price moved on the earnings news.
What the filings show
Pelosi's office has previously said she has no involvement in her husband's trading decisions. The report does not state who made the specific buy orders, but the accounts are held by her husband, Paul Pelosi. The disclosure includes both stock and option positions, suggesting a more complex bet than a simple share purchase.
The filings were made public under the Stop Trading on Congressional Knowledge Act, which requires lawmakers to disclose most trades within 45 days. That window had not expired when the report was filed, but the purchases themselves were made several weeks earlier.
The company's earnings
Bloom Energy reported its earnings on the same day the purchases were made, according to the disclosure. The company cited strong demand for its energy servers and said revenue had grown sharply. The stock price rose after the announcement, though it is unclear whether the Pelosi purchases have gained in value since then.
The exact dollar amount of the investments is listed as being in the range of $1 million to $5 million per transaction, with multiple transactions disclosed. The total value across all purchases is estimated to be in the millions, but the exact figure is not specified in the filings.
The disclosure has renewed questions about whether lawmakers should be allowed to trade individual stocks while in office. Pelosi has previously supported a bill that would restrict such trades, but no new measure has been introduced since this report was filed. The report is now part of the public record, and the transactions will remain under scrutiny as the next session of Congress convenes.
