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.
