Shares of Bloom Energy Corp. (NYSE:BE) are trading higher Tuesday morning. Driving the buying momentum are congressional financial disclosures made public Monday morning, which revealed that U.S. Representative Nancy Pelosi established a major new position in the clean energy provider.
The filing showed purchases made in late July consisting of 15,000 common shares alongside 200 call options with a $100 strike price expiring in June 2027.
Bloom Energy stock is taking a breather. Where are BE shares going?
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The high-profile endorsement reinforces strong fundamental momentum following Bloom Energy’s second-quarter earnings results in late July.
