Story perspectives

Hawley Introduces PELOSI Act to Ban Stock Holdings

9/9/2026

Summary

Pelosi Share Purchase

Nancy Pelosi said her husband bought 10,000-15,000 Bloom Energy shares in July.
The purchase cost between $3 million and $12 million, now valued at $4.23 million.
Bloom Energy’s price jumped nearly 40% after its September 4 S&P 500 inclusion.
The stock has risen over 400% in the past 12 months.
Senator Josh Hawley (R-Mo.) introduced the PELOSI Act to ban elected officials from holding securities.

Summary

Bloom Energy Surge

Bloom Energy's options premium reached nearly $500 million by midday, 2.5 times its 30-day average.
Implied volatility for Bloom Energy topped 90 percent, exceeding Valero's 50 percent.
Director Jeffrey Immelt and Chief Commercial Officer Aman Joshi sold shares after the rally.
UBS raised its price target to $325, reaffirmed a Buy rating, citing S&P 500 inclusion.
Bloom launched the Power Connect system, cutting onsite installation time for data-center customers by over 40 percent.

History

Historical Context

The STOCK Act, introduced by Senator Joe Lieberman on Jan 26 2012 and signed by President Barack Obama on Apr 4 2012, barred members of Congress from trading on nonpublic information. A 2020 insider-trading scandal tested the law, prompting a DOJ probe on Mar 30 2020. Today Senator Josh Hawley’s PELOSI Act revives that oversight against Nancy Pelosi’s husband’s Bloom Energy purchase.

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Pelosi Share Purchase

Nancy Pelosi said her husband bought 10,000-15,000 Bloom Energy shares in July.
The purchase cost between $3 million and $12 million, now valued at $4.23 million.
Bloom Energy’s price jumped nearly 40% after its September 4 S&P 500 inclusion.
The stock has risen over 400% in the past 12 months.
Senator Josh Hawley (R-Mo.) introduced the PELOSI Act to ban elected officials from holding securities.

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