Pelosi earned $7.2 million from Bloom Energy in one month

Nancy Pelosi recorded an investment of $12 million in Bloom Energy in an official financial disclosure last month. Shortly afterwards, it was announced that the stock would be added to the S&P 500, after which the price rose by about 14% in a single day. Since her purchase, the stock has become almost 60% more valuable, translating into a paper profit of approximately $7.2 million in just one month.

In brief:

• Pelosi recorded a $12 million purchase of Bloom Energy in a financial disclosure
• The stock rose approximately 14% after the announcement of its inclusion in the S&P 500
• Her total paper profit now stands at about $7.2 million

S&P 500 inclusion pushes the price up

Bloom Energy, an American company that develops clean energy solutions based on fuel cells, was recently added to the S&P 500. Such an inclusion automatically attracts large amounts of capital because index funds and ETFs are required to include the stock in their portfolios. That mechanism usually pushes the price up considerably, as is also visible now.

On the hourly chart, an almost uninterrupted rise can be seen from around $200 to $252.83. The stock trades on the New York Stock Exchange under the ticker BE.

Questions about the timing of the purchase

The timing of Pelosi’s purchase raises questions. Nancy Pelosi, former Speaker of the United States House of Representatives, bought the stock a month before the announcement of the S&P 500 inclusion, according to the mandatory financial disclosure for members of Congress. The investment amounted to $12 million.

The account TedPillows states on X that this cannot be a coincidence. In the United States, members of Congress are legally required to report purchases and sales of shares within 45 days, but insider trading by politicians remains a sensitive and widely discussed subject. There is no evidence that Pelosi possessed insider knowledge; whether that was the case cannot be determined on the basis of the available information.

The debate over whether American politicians should be allowed to trade in individual stocks at all regularly flares up. Critics point out that members of Congress have access to non-public information about companies and sectors, which puts them at an advantage over ordinary investors in their trading.