Wall Street sees close to 40% upside in Bloom Energy. Nancy Pelosi’s household bought the stock in late July, two days before it jumped 26%.

A Periodic Transaction Report (PTR) filed Friday with the House Clerk revealed the trades. Her husband, Paul Pelosi, made all of them. Each carries the SP code for spouse.

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What Wall Street Sees in Bloom Energy

Bloom Energy (BE) builds fuel cells. They generate electricity on site, without waiting for the grid. That matters now, as Artificial intelligence (AI) data centers need power fast. Grid connections can take years.

Other big investors have made the same call this year, backing power over chips as the tighter bottleneck. Eighteen analysts rate Bloom a Moderate Buy. Nine say Buy. Nine say Hold. None say Sell.

Their average target is $269. Bloom traded near $195.50 on Monday. The gap works out to about 38%, but the forecasts spread wide as the most bullish call is $350. The most bearish is $176.

The July Buys Landed Near the Low

Bloom peaked at $345.85 on June 22. Then it fell hard. On July 8, short seller Hunterbrook published a report titled “Bloom’s Big Lie.” It alleged Bloom depends on Chinese scandium. That rare metal goes into its fuel cells. Hunterbrook disclosed it was short the stock.

Bloom rejected the claims the next day in an SEC filing. It called them “false and misleading” and said its supply does not depend on China.

Shares kept sliding anyway.

Paul Pelosi stepped in on July 24. He bought 10,000 shares worth $1 million to $5 million. He added 100 call options struck at $100, expiring June 17, 2027. Bloom closed at $184.89.

He bought again on July 28. Another 5,000 shares. Another 100 calls. Bloom closed at $166.84 that session, 52% below its June peak.

Hours later, Bloom posted its best quarter on record. Revenue reached $1.07 billion, up 165% from a year earlier. Management raised full-year guidance to between $3.9 billion and $4.2 billion.

“Bloom is now a standard for AI onsite power,” KR Sridhar, Founder, Chairman and CEO of Bloom Energy, in the earnings release.

Shares surged 26.49% on July 30 to $207.12. The July 28 entry now sits about 17% ahead.

The Intel Side Lags

Intel (INTC) has not paid off the same way. Paul Pelosi bought 10,000 Intel shares on July 24, plus 50 calls struck at $50. Intel closed at $92.32 that day.

The stock traded near $85.60 on Monday. That is roughly 7% below his entry.

Analysts are cooler here. Thirty cover Intel and 23 rate it Hold. The $116.84 average target still implies about 36% upside.

Congressional filings report dollar ranges, not exact amounts. The true cost basis stays hidden.

What Happens Next

The filing arrived 24 days after the final trade. The STOCK Act allows 45.

Scrutiny is not new. Rep. Anna Paulina Luna leveled insider trading accusations in April. The household’s decade of trade timing is measured against professional funds.

Risk has not gone away either, as Bloom now faces a securities class action tied to the scandium claims. Lead plaintiff filings close September 28.

Both option positions expire June 17, 2027. Pelosi retires that January. The bet outlives the seat.

Source: BeInCrypto