California Representative Gilbert Cisneros doubled his investment in Bloom Energy after the company’s Q3 earnings report boosted shares by over 25%. Cisneros, part of the House Sustainable Energy and Environment Coalition, initially purchased $1,000 to $15,000 of Bloom Energy stock in late September. With this investment, he has seen a gain of over 100%. Bloom Energy, based in San Jose, reported Q3 revenue of $519 million, beating estimates and showing a 57% increase year-over-year. The company’s CEO emphasized their $5 billion AI infrastructure partnership with Brookfield Asset Management as a growth driver. Shares of Bloom Energy surged following the positive earnings report.

Read more at Quiver Quantitative: California Rep. Gilbert Cisneros Doubles Investment on Bloom Energy Stock After Strong Q3 Earnings