Warren Buffet To Buy Suntech?

April 12th, 2013 by Zach

Warren Buffet — saying “stop it with the rumors” perhaps? Photo Credit: Guesus / Foter.com / CC BY-NC-SA

Suntech was the world leader in solar module sales for awhile. It ran into a few bumps, and in the harsh, highly competitive solar module market of today, that led to its recent collapse and bankruptcy. However, clearly, the company still has a lot of assets and value (even if they’re hidden under a thick layer of dust). Will a healthy individual or two come along to pick up the pieces and build the company up again (or at least make a profit off of its remaining assets)? We’ll see. One such individual could potentially be the high-rolling investor Warren Buffet.

Rumors have been circulating that Buffet may indeed be in the mood for a Suntech purchase. However, there’s nothing official out there yet, not even a statement from Buffet or his MidAmerican Energy Holdings representatives. So,… it’s all just rumors for now.

We’ll see what comes of this, and will keep you updated. However, my guess is that not much will come of it.

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Tags: Suntech, Warren Buffet, Warren Buffet Suntech

About the Author

Zach is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.