Polen Capital, an investment management company, released its fourth-quarter investor letter for “Polen 5Perspectives Small Mid Growth Strategy”. A copy of the letter can be downloaded here. The Polen 5Perspectives Small-Mid Growth Composite Portfolio returned -0.1% gross and -0.3% net of fees in the fourth quarter of 2025, compared to a 0.3% return of the Russell 2500 Growth Index. Following double-digit returns in 2Q and 3Q, SMID caps concluded the year with a 0.3% return in 4Q. Biotech stood out as a major performer during the quarter, expanding beyond the AI theme. The name of the Strategy changed from Polen U.S. SMID Cap Growth to Polen 5Perspectives Small Mid Growth, to emphasize the significance of the 5 viewpoints framework and the influence of perspective in investing. In addition, please check the Strategy’s top five holdings to know its best picks in 2025.
In its fourth-quarter 2025 investor letter, Polen 5Perspectives Small Mid Growth Strategy highlighted stocks like First Solar, Inc. (NASDAQ:FSLR). First Solar, Inc. (NASDAQ:FSLR) is a solar technology company focusing on photovoltaic (PV) solar energy solutions. On March 17, 2026, First Solar, Inc. (NASDAQ:FSLR) stock closed at $200.42 per share. One-month return of First Solar, Inc. (NASDAQ:FSLR) was -15.99%, and its shares gained 54.96% over the past 52 weeks. First Solar, Inc. (NASDAQ:FSLR) has a market capitalization of $21.507 billion.
Polen 5Perspectives Small Mid Growth Strategy stated the following regarding First Solar, Inc. (NASDAQ:FSLR) in its fourth quarter 2025 investor letter:
“The top contributors to the Portfolio’s relative performance in the quarter were Bloom Energy, Sandisk, and First Solar. First Solar, Inc. (NASDAQ:FSLR) is a vertically integrated leading manufacturer of solar panels manufactured in the US. The company differentiates itself by using thin-film Cadmium Telluride (CdTe) technology which offers better performance versus traditional silicon panels in hot/humid/low light conditions and is ultimately more efficient and economical for large scale deployment. An added tailwind has come from the Trump Administration’s “One Big Beautiful Bill” which has driven US demand for non-China solar products.”
First Solar, Inc. (NASDAQ:FSLR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 79 hedge fund portfolios held First Solar, Inc. (NASDAQ:FSLR) at the end of the fourth quarter, up from 67 in the previous quarter. While we acknowledge the risk and potential of First Solar, Inc. (NASDAQ:FSLR) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than First Solar, Inc. (NASDAQ:FSLR) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered First Solar, Inc. (NASDAQ:FSLR) and shared a list of Goldman Sachs solar and green energy stocks. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
