CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: New $7M Stake in FSLR

Cushing Asset Management, LP dba NXG Investment Management took a new position in First Solar, Inc. (FSLR) by acquiring 40,000 shares, valued at approximately $7 million, in a filing on October 26, 2026. This move marks a significant entry into the solar technology sector for the fund, which reported a total value of about $1.42 billion in its 13F filing.

FSLR First Solar, Inc.

$168.47 ▼ -38.59% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where First Solar Fits in Cushing Asset Management's Portfolio

This new stake represents about 0.49% of Cushing Asset Management's total reported value and ranks 38th among its 73 reported positions.

Other Institutional Activity in First Solar

In recent activity, Hill City Capital, LP holds 2,628,130 shares of First Solar, valued at approximately $441.9 million, after increasing its position by 450,543 shares, a 20.7% rise as of June 30, 2026.

First Solar, Inc. Stock Down 2.2%

First Solar shares recently traded around $168.15, which is about equal to the closing price on the filing date. The stock is currently below its 50-day moving average of $192.13 and its 200-day moving average of $217.18, indicating a weaker trend in the short and long term.

Recent Earnings

First Solar reported trailing twelve-month revenue of approximately $5.38 billion and an EPS of $16.22. The company has a net margin of 32.5% and a return on equity of 18.5%. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at First Solar, Inc.

Recently, some insiders have sold shares, including Markus Gloeckler, the Chief Technology Officer, who sold 4,254 shares on August 4, 2026. General Counsel Jason E Dymbort sold 3,700 shares on August 11, 2026, at an average price of $249.38. These transactions occurred before Cushing's filing.

Analysts Set New Price Targets

On October 8, 2026, Goldman Sachs maintained a Buy rating on First Solar with a price target of $272. Truist Securities upgraded its rating to Buy with a target of $270 on October 12, 2026. The consensus rating among analysts is a Buy with a mean price target of approximately $273.67.

About First Solar

First Solar, Inc. is a solar technology company that provides photovoltaic solar energy solutions. It manufactures and sells solar modules using thin film semiconductor technology. The company operates in multiple countries, including the United States, France, India, and Chile.

Bottom Line

Investors should keep an eye on First Solar's upcoming earnings report on October 29, 2026, for insights into its financial health. Cushing Asset Management's new stake reflects its interest in the solar sector amid ongoing developments in renewable energy.