Riggs Asset Managment Co. Inc. 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 Managment Co. Inc. significantly increased its holdings in First Solar, Inc. (NASDAQ:FSLR) during the third quarter, according to a recent SEC filing. The investment firm 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 Managment's First Solar holdings suggests the firm sees significant growth potential in the solar energy company. As a major institutional investor, Riggs' actions can influence market sentiment and investor confidence in First Solar.

The details

According to the 13F filing, Riggs Asset Managment Co. Inc. lifted its position in First Solar by 124,283.3% in the third quarter. The firm now owns 7,463 shares of the solar cell manufacturer's stock, up from just 6 shares held previously. This increased stake is now worth approximately $1.65 million based on First Solar's current stock price.

  • Riggs Asset Managment Co. Inc. increased its First Solar holdings during the third quarter of the year.

The players

Riggs Asset Managment Co. Inc.

An investment management firm that significantly increased its stake in First Solar, Inc. during the third quarter.

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 Managment's large increase in First Solar holdings suggests the firm sees strong growth potential in the solar energy company. As a major institutional investor, Riggs' actions could influence market sentiment and investor confidence in First Solar.