Look what Warren started. According to Forbes Solar stocks are flying high Thursday morning, spurred on by the news that SunPower has sold its 570-megawatt Antelope Valley properties, a pair of solar generating stations in southern California under a deal which could be worth as much as $2.5 billion. The buyer is MidAmerican Solar, which is owned by MidAmerican Renewables, which in turn is a unit of is a subsidiary of MidAmerican Energy Holdings…which is owned by Warren Buffett’s Berkshire Hathaway.
See where we landed here? Warren Buffett is making a big bet on solar energy.
In a filing with the SEC, SunPower said that total revenue from the deal is expected to be $2 billion to $2.5 billion, which includes engineering, design, construction and maintenance of the facilities. SunPower shares have spiked $2.13, or 34.8%, to $8.26 on the news....
Need to know more? Check out http://www.forbes.com/sites/ericsavitz/2013/01/03/sunpowers-big-buffett-deal-triggers-solar-stock-rally/