Buffett's New Energy

By Chris Hill – May 31, 2013 at 5:28PM

NYSE: BRK.A

Berkshire Hathaway

Market Cap

$873B

Today's Change

(-0.76%) -$4,640.00

Current Price

$606,920.00

Price as of April 26, 2024, 4:00 p.m. ET

Warren Buffett paid a pretty penny for this energy company. Will he get his money's worth?

The following video is from Friday's Motley Fool Money roundtable discussion, with host Chris Hill, and analysts Ron Gross, James Early, and Charly Travers.

Shares of NV Energy (NYSE: NVE) rose sharply this week after Berkshire Hathaway (BRK.A -0.76%) (BRK.B -0.69%) subsidiary MidAmerican Energy announced that it was acquiring NV Energy. Berkshire Hathaway CEO Warren Buffett says NV Energy is a great fit. Is the deal a great fit for investors? In this installment of Motley Fool Money, our analysts discuss the move.

The relevant video segment can be found between 2:45 and 5:21.

For the full video of today's Motley Fool Money, click here.

Charly Travers has no position in any stocks mentioned. Chris Hill has no position in any stocks mentioned. James Early has no position in any stocks mentioned. Ron Gross has no position in any stocks mentioned. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.