The purchase of a solar plant by Berkshire Hathaway's (BRK.A, BRK.B) MidAmerican Energy (I, II)...

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

The purchase of a solar plant by Berkshire Hathaway's (BRK.A, BRK.B) MidAmerican Energy (I, II) from First Solar (FSLR) doesn't represent Warren Buffett's endorsement of the solar industry, argues Stone Fox Capital. Rather, noting a Bloomberg article, it's an opportunistic move to sell electricity at contracted rates much higher than the ones given for new solar plant deals, which take into account the recent crash in module prices.