Gustavo Ballvé on December 8th, 2011
Capital goods, Corporate Strategy, Energy, Food for thought, Home, Industries, Insurance, Investment Themes, Portfolio Management, Signal or Noise

Much noise has been generated by MidAmerican’s purchase of First Solar’s $2 billion Topaz solar energy project. Yes, MidAmerican is Berkshire’s utility/ energy subsidiary and this sizable acquisition has certainly been cleared by Warren Buffett. That does not mean that “Buffett is buying/ betting on solar” as a category or that the industry should be seen as having “turned the proverbial corner” on its troubles. It is what it is: Berkshire taking advantage of an opportunity. If there are more like it, the company has the firepower – both financial and intellectual – to execute on them.

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