Nancy Pelosi disclosed at least $3M investment in Bloom Energy weeks before stock soared

Former House Speaker Nancy Pelosi disclosed an investment between $3 million and $12 million in Bloom Energy just weeks before it was announced that the AI firm is joining the S&P 500, sending the stock sky-high.The San Francisco Democrat’s millionaire husband, Paul Pelosi, owned the accounts that made the Wall Street trades, according to a transaction report she signed on Aug.21.On July 24, the household account purchased 10,000 shares of Bloom Energy for an amount between $1 million and $5 million and 100 call options valued between $1 million and $5 million, according to the disclosure. That means the trades were worth at least $2 million, looking at the combined floors.

The stock closed at $184.89 a share that day.On July 28, as the stock fell to $166.84 a share, another 5,000 shares were bought for roughly $500,000 to $1 million and 100 more call options valued between $500,000 and $1 million – a combined purchase worth $1 million to $2 million.The first pair of trades from the Pelosi account came after a sharp downturn in the stock, and the second batch hit the same day Bloom reported extremely upbeat earnings, including annual revenue growth of $165% – which sent the stock soaring over the following days.Weeks later, on Sept.4, it was announced that Bloom Energy will officially join the S&P 500 later this month – sending the stock up nearly 40% over the past five days. The stock was trading at $282.10 a share Tuesday afternoon.Pelosi has repeatedly denied accusations of insider trading.

She has also voiced support for a ban on congressional stock trading – though her household account has continued to disclose hefty Wall Street transactions.“Speaker Pelosi does not own any stocks and has no knowledge or subsequent involvement in any transactions,” a spokesperson for Pelosi’s office told The Post in a statement.Bloom Energy – which is based in San Jose, Calif.– makes fuel cell systems, a business that has boomed alongside the r...