Riggs Asset Management Boosts First Solar Holdings

Investment firm increases stake in solar cell manufacturer by over 124,000%

Published on Mar. 8, 2026

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Riggs Asset Management Co. Inc. significantly increased its position in First Solar, Inc. (NASDAQ:FSLR) during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The institutional investor now owns 7,463 shares of the solar cell manufacturer's stock, worth approximately $1.65 million.

Why it matters

This large increase in Riggs Asset Management's First Solar holdings suggests the investment firm sees significant growth potential in the solar energy company. First Solar is a major player in the photovoltaic module manufacturing industry, and its stock performance and institutional ownership are closely watched by analysts and investors.

The details

According to the 13F filing, Riggs Asset Management lifted its position in First Solar by 124,283.3% during the third quarter. The firm now owns 7,463 shares of the company's stock, up from just 6 shares held previously. First Solar's stock price has fluctuated significantly in recent months, trading between a 52-week low of $116.56 and a high of $285.99.

  • Riggs Asset Management increased its First Solar holdings during the third quarter of 2026.

The players

Riggs Asset Management Co. Inc.

An institutional investment firm that manages assets on behalf of clients.

First Solar, Inc.

A U.S.-based solar technology company that designs and manufactures thin-film photovoltaic modules using cadmium telluride semiconductor technology.

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The takeaway

Riggs Asset Management's significant increase in First Solar holdings suggests the investment firm sees strong growth potential in the solar energy company, which is a major player in the photovoltaic module manufacturing industry. This move by a prominent institutional investor is likely to be closely watched by analysts and other investors tracking the solar sector.