FGL Founder Group Limited
Price Chart
Executive Summary
Founder Group Limited secured a US$5 million EPC contract for a 5.5MW solar facility under Malaysia’s LSS5 program, marking a key win in the country’s largest solar tender to date. The project is expected to generate 13,568.8 MWh annually in its first two years and reach commercial operation by May 1, 2027.
Key Financial Metrics
Actionable Insight
Traders should monitor execution progress and potential follow-on contracts, as successful delivery could enhance credibility and lead to further LSS5 awards in a high-growth policy-backed sector.
Key Facts
- Founder Group secured a RM19.5 million (approx. US$5 million) EPC contract for a 5.5MW solar facility.
- The project is part of Malaysia’s LSS5 (PETRA) program, the largest solar tender in the country’s history with 2,000 MW capacity.
- Project will deliver 13,568.8 MWh of guaranteed annual energy output in the first two years.
- Commercial operation is scheduled for May 1, 2027.
- Contract awarded by a major solar investor under the national renewable energy transition strategy.
Financial Impact
US$5 million in new contract revenue, representing a significant increase given the company's $2M market cap.
Risk Factors
- Execution risk in meeting the MAAQ guarantee and 2027 commercial operation deadline.
- Currency fluctuation between RM and USD may affect reported revenue.
- Concentration risk given the company's small size and reliance on large project wins.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3256268 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 27, 2026
14d ago
|
EFFECT
| $2.64 $1.94 | ▲ +26.52% | ▲ +26.98% | $1.73 (+34.47%) |
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Mar 25, 2026
10w ago
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Press Release
| $3.63 $2.52 | ▼ −30.58% | ▼ −30.33% | $1.73 (−52.34%) |
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Mar 16, 2026
12w ago
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Press Release
| $4.21 $4.60 | ▲ +9.26% | ▲ +11.31% | $1.73 (−58.91%) |
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Mar 9, 2026
13w ago
|
EFFECT
| $7.06 $4.21 | ▼ −40.37% | ▼ −39.01% | $1.73 (−75.50%) |
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Feb 25, 2026
14w ago
|
F-1
| $12.25 $8.20 | ▲ +33.06% | ▲ +31.96% | $1.73 (+85.88%) |
US Market Status
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