Pelosi Bets on BE: Can AI Power Still Support the PremiumBloom Energy Corporation Class ABATS:BEBitgetPelosi Bets on AI Power Bloom Energy has returned to the spotlight after Nancy Pelosi’s latest family trading disclosure showed that her spouse purchased a total of 15,000 BE shares on July 24 and July 28, along with 200 call options with a $100 strike price expiring in June 2027. Congressional trading activity itself is not an investment thesis, but the combination of a sizable equity position and long-dated deep-in-the-money calls has drawn fresh attention to BE’s core story: AI data centers are increasingly constrained by power availability. Bloom’s solid oxide fuel-cell systems can be deployed directly near data centers, reducing reliance on lengthy grid expansion. Its agreement with Nebius, which includes plans to deploy 328MW of capacity this year, highlights this “time-to-power” advantage. As AI infrastructure expands faster than traditional power grids can respond, electricity is becoming a critical bottleneck in the AI investment cycle. Explosive Growth, Expensive Valuation Bloom’s recent results do support part of the bullish case. Q2 revenue reached $1.065 billion, up 165.5% year over year, while product revenue increased 215%. Non-GAAP gross margin rose to 34.3%. The company also raised its 2026 revenue guidance to $3.9–4.2 billion and expects non-GAAP EPS of $2.55–2.85. The problem is valuation. At around $204 per share, Bloom carries a market capitalization of nearly $60 billion, implying roughly 15x the midpoint of its 2026 revenue guidance and more than 70x forward earnings based on the midpoint of its EPS outlook. Even with revenue nearly doubling, that remains an aggressive growth valuation. The key question has therefore shifted from whether AI power demand exists to whether Bloom can grow fast enough to justify what is already priced in. $185 Becomes the Key Line BE has fallen more than 40% from its June 25 peak of $351.28. On August 24, shares traded as low as roughly $186 before recovering to close at $204.02, suggesting that the $185–195 area is beginning to attract buyers. The first resistance zone sits around $220–230, followed by a heavier supply area near $240–253. A sustained move above $220 with improving volume would suggest that the correction since July is entering a recovery phase, opening the door to another test of $240–250. For more aggressive traders, stabilization near $190 could offer a small starter position, while $185 should be treated as an important invalidation level. A decisive break below $185 would suggest that the recent sentiment boost is insufficient to reverse the downtrend, with $160–165 becoming the next area to watch. Bloom’s AI power thesis remains compelling, but at the current valuation, the next leg higher will depend increasingly on execution. Orders, revenue growth and profitability now need to keep catching up with the story.