On August 25, Bloom Energy Corp rose 5.83% in pre-market trading, trading at $215.80/share, with turnover of $7.793 million. The rally follows former U.S. House Speaker Nancy Pelosi's first disclosed position in Bloom Energy, lifting sentiment after a prolonged selloff.
According to filings, Pelosi accumulated 15,000 shares of common stock along with 200 long-term call options, employing a combined equity-plus-options strategy with total transaction value estimated between $3 million and $12 million. The stock had previously retreated more than 20% from its $241 high, and the high-profile position build has helped ease profit-taking pressure while reinvigorating short-term bullish sentiment.
The rebound also follows a period of sustained pressure after Jefferies raised its target price from $188 to $229 but maintained a Hold rating, which had capped upside expectations. Within the Heavy Electrical Equipment sector, peers showed modest gains, with GE Vernova up 1.38%, NuScale Power up 0.99%, and Forgent Power Solutions up 0.9%.
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