Cushing Asset Management Increases Stake in First Solar

Investment firm boosts holding in solar cell manufacturer by nearly 10%

Apr. 19, 2026 at 11:39am

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A high-contrast, close-up image of the complex machinery and components inside a solar panel manufacturing facility, conveying the technological sophistication and industrial scale of the solar energy industry.Cushing Asset Management's increased investment in First Solar reflects ongoing institutional confidence in the solar industry's growth potential.Tempe Today

Cushing Asset Management LP, an investment management firm, has increased its position in First Solar, Inc. (NASDAQ:FSLR) by 9.7% during the fourth quarter, according to a recent SEC filing. The firm now owns 68,000 shares of the solar cell manufacturer's stock, making it one of the company's larger institutional investors.

Why it matters

First Solar is a leading U.S. solar technology company, known for its innovative thin-film photovoltaic modules. The increase in Cushing's stake suggests continued institutional investor confidence in the company's growth prospects amid the ongoing shift towards renewable energy sources.

The details

Cushing Asset Management, which operates under the name NXG Investment Management, disclosed that it now owns approximately 0.06% of First Solar's outstanding shares, worth an estimated $17.76 million as of the end of the fourth quarter. The firm added 6,000 shares to its position during the period. Several other institutional investors and hedge funds have also modified their holdings of First Solar in recent quarters.

  • Cushing Asset Management increased its stake in First Solar during the fourth quarter of 2025.
  • The filing with the SEC disclosing the increased position was made on April 19, 2026.

The players

Cushing Asset Management LP

An investment management firm that has increased its position in solar cell manufacturer First Solar, Inc.

First Solar, Inc.

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

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The takeaway

Cushing Asset Management's increased stake in First Solar reflects ongoing institutional investor interest in the solar industry and confidence in the company's ability to capitalize on the growing demand for renewable energy solutions.