Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

SunPower Corporation (SPWR), Sunedison Inc (SUNE), And First Solar, Inc. (FSLR) Are Among 36% of Warren Buffet’s Bet on Renewable Energy

SunPower Corporation (NASDAQ:SPWR), Sunedison Inc (NYSE:SUNE), and First Solar, Inc. (NASDAQ:FSLR) have a bright future and Warren Buffet sees right through it. On Fox Business, Tom Werner, CEO of SunPower shed light on the scope of the industry and explained why it is such an attractive investment for Buffet and other investors in the energy sector.

Warren Buffett

“Solar works. It is economic, more importantly, its bankable, so the cost of capital has come down dramatically, which is virtuous up cycle because the cost of solar goes down and because people want it. So, it plays exactly and is contrarian currently. Now you saw the trend over the last couple of years, it’s not contrarian, but it is contrarian to the current trend, that is exactly what he [Warren Buffet] does […],” explained Werner.

While SunPower Corporation (NASDAQ:SPWR), Sunedison Inc (NYSE:SUNE), and First Solar, Inc. (NASDAQ:FSLR) are currently showing a down trend in terms of stock prices, mainly because of the declining oil prices, this does not mean that the future of energy does not belong to them. The stock prices are still up when seen from a long term lens of 2 years or more. This presents an interesting opportunity for investors to enter the market.

Warren Buffet shares the same view, as the Fox Business reporter revealed that the Oracle of Omaha has invested nearly $16.9 billion in renewable energy and 36% of this investment is in solar energy. Although Buffet’s big bet is on SunPower Corporation (NASDAQ:SPWR) due to the technological and innovation edge that the company has over its rivals including, Sunedison Inc (NYSE:SUNE) and First Solar, Inc. (NASDAQ:FSLR), but that edge might be slowly fading away. The competitors have started to introduce products that have an efficiency very close to SunPower Corporation (NASDAQ:SPWR).

However, this doesn’t mean that the innovation will stop here. As Werner pointed out in his interview, there is still a huge potential for both growth and innovation in the industry.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!