Shares of Bloom Energy (NYSE:BE) are up 5% to $214.98 in early Tuesday trading, and FuelCell Energy (NASDAQ:FCEL) stock is up 4% to $19.45. The Global X Hydrogen ETF (NASDAQ:HYDR) sits unchanged at $42.34 while two of its largest U.S. components rally.
That’s the framing contrast that matters this morning. Yesterday the same fund traded roughly flat because its components moved in different directions, and today it’s flat again while Bloom Energy stock and FuelCell Energy stock move the same way. Either way, the fund reports almost nothing about what’s happening underneath it.
Through Monday’s close, Bloom Energy stock was up 135% year to date, FuelCell Energy stock was up 157%, and the Global X Hydrogen ETF was up 34%. This morning’s move sits on top of an already extended year for the two rallying names, which matters for how a reader should size a fresh position.
Congressional Disclosure Turns Bloom Into the Trade
A congressional financial disclosure filed Monday, August 24 revealed a new Bloom Energy position in Nancy Pelosi’s household. The primary filing shows 15,000 Bloom Energy Class A common shares acquired in two transactions dated July 24 and July 28, plus 200 call options carrying a $100 strike and a June 17, 2027 expiration. Under congressional disclosure value ranges, the combined transactions were reported as roughly $4.25 million to $14.5 million. The filing marks these purchases with the “SP” owner code, indicating they belong to Pelosi’s spouse rather than to her personally. Some outlets reported 100 Bloom Energy call options, while the primary filing indicates 200, and that primary filing is the source used here.
The buying itself is dated to late July, so Monday’s filing is what’s new, not the trades. That distinction matters because Bloom Energy stock trades meaningfully higher today than on those late-July purchase dates, so a reader buying on the disclosure isn’t entering at the filer’s cost basis.
Why the Same News Moves Bloom More Than the Rest
Bloom Energy is the name in this cluster with an already-established data center power business, and a large new position read as confirmation of a thesis the market was already trading. Bloom Energy sells solid oxide fuel cell systems that supply onsite power to data centers and other large commercial customers, which is why AI power demand has become the central pillar of its investment case.
Bloom Energy’s Q2 2026 revenue reached a record $1.07 billion, up 166% year over year and above $1 billion for the first time, with non-GAAP gross margin of 34.3%. Management raised full-year 2026 revenue guidance to a range of $3.9 billion to $4.2 billion, which builds on backlog conversion and reserved manufacturing capacity.
The read-through goes beyond Bloom Energy itself, since the same data center buildout has to be powered, cooled, and networked by somebody (we profiled seven of those suppliers in a free report here: 7 Stocks Powering the AI Boom (That Aren’t Chipmakers)).
The same disclosure also included Intel (NASDAQ:INTC | INTC Price Prediction) shares and Intel call options. Intel is an established Bloom Energy customer for data center power systems, which is what links the two positions in a single filing: one bet on the chips running AI workloads, the other on the electricity those workloads consume.
FuelCell Energy carries its own data center pipeline narrative, yet doesn’t have a dedicated catalyst of its own today, so FuelCell Energy stock is riding sympathy rather than a name-specific event. Plug Power (NASDAQ:PLUG) belongs to the same hydrogen and fuel-cell cluster and only got a 2% lift to $2.22, which is part of why the sector ETF isn’t moving strongly in a single direction.
Position Sizing and What Comes Next
A disclosure isn’t a thesis, and congressional trades are reported weeks after they happen. A reader buying Bloom Energy stock on this news is buying at a price the filer didn’t pay, and Bloom Energy stock has run hard enough that a large amount of AI power adoption is embedded in the current multiple.
That argues for a smaller position size than the headline enthusiasm suggests. FuelCell Energy stock carries the additional risk of moving purely on sympathy, which tends to reverse when the catalyst name cools, so any exposure taken today should size for a possible round trip.
Traders can watch for whether Bloom Energy stock holds its early gain into the regular session and whether FuelCell Energy stock follows through once the initial headline is fully digested. The Global X Hydrogen ETF is a comparatively blunt instrument here, since its international basket dilutes the U.S. names driving today’s move.
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