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/
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