Bloom Energy Corp rose 5.87% overnight, trading at $216/share. The stock rebounded after former U.S. House Speaker Nancy Pelosi disclosed her first-ever position in Bloom Energy, lifting short-term bullish sentiment.
According to public filings, Pelosi accumulated 15,000 common shares and 200 long-term call options in a combined stock-plus-options strategy, with total transaction value estimated between $3 million and $12 million. The disclosure comes after the stock had retreated more than 20% from its prior high of $241, and the large-scale positioning signal helped ease profit-taking pressure that had weighed on shares in recent sessions.
Previously, Jefferies raised its price target from $188 to $229 but maintained a Hold rating, which had capped upside sentiment. The stock had declined steadily through August 24, falling as low as $192. Pelosi's sizeable commitment represents a notable contrarian signal amid the ongoing correction.
