Founder Group Secures RM16 Million Solar Project Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
0mins
Should l Buy FGL?
Source: Newsfilter
Founder Group Ltd's stock is down 4.17% in pre-market trading, hitting a 52-week low.
The company has secured an approximately RM16 million (US$4.14 million) Engineering, Procurement, Construction, and Commissioning contract for a 25.40MW solar project in Malaysia, which is expected to enhance its market competitiveness and provide recurring revenue opportunities. This project aligns with the Malaysian government's goals for corporate decarbonization and is anticipated to generate around 53,000 MWh of clean energy annually.
This contract marks a significant expansion in Founder Group's renewable energy sector presence, potentially strengthening its order book and supporting future growth strategies.
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Analyst Views on FGL
About FGL
Founder Group Limited is principally engaged in providing engineering, procurement, construction and commissioning (EPCC) solutions provider for solar PV facilities in Malaysia. The Company’s segments include Large-scale solar projects and Commercial & Industrial (C&I) projects. Large-scale solar projects are utility scale solar photovoltaic (PV) power plants with installed generating capacity of one megawatt alternating current or more. Large-scale solar projects are ground mounted and are designed to supply power to the power grid. C&I projects are smaller scale solar projects where the solar PV systems are installed on rooftops and are designed to generate electricity for commercial and industrial properties for their own consumption, such as factories, warehouses and commercial stores. The Company offers engineering and design, from initial conceptualization up to detailed system design. This includes designing the solar PV array and balance of system.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Founder Group Secures RM19.5 Million Solar Contract
- Contract Value: Founder Group has secured an EPC contract worth RM19.5 million (approximately US$5 million) to construct a 5.5MW solar facility, indicating the company's ongoing growth potential in the renewable energy sector.
- Project Background: The contract was awarded by a prominent solar investment company under Malaysia's Large Scale Solar 5 program, reflecting Founder Group's competitiveness and industry recognition in this market.
- Operational Capacity: The new facility is expected to deliver a guaranteed Maximum Annual Available Capacity (MAAQ) of 13,568.8 megawatt-hours (MWh) during its first two years of operation, ensuring economic viability and sustainability of the project.
- Commercial Operation Timeline: The project is scheduled to achieve commercial operation by May 1, 2027, marking a significant milestone for Founder Group in renewable energy projects.
See More
Founder Group Secures RM16M Solar Project Contract in Malaysia
- Contract Value: Founder Group has been awarded an approximately RM16 million ($4.14M) engineering, procurement, construction, and commissioning contract, marking a significant expansion in the renewable energy sector that is expected to enhance its market competitiveness.
- Project Scale: The project is a 25.40MW large-scale solar initiative under Malaysia's Corporate Green Power Programme, aimed at accelerating corporate decarbonization through virtual power purchase agreements, reflecting the government's commitment to renewable energy.
- Clean Energy Output: The project is expected to generate approximately 53,000 MWh of clean energy annually, offsetting around 35,000 tons of carbon dioxide emissions, which directly supports global climate goals and enhances the company's sustainability profile.
- Renewable Energy Certificates: It is also anticipated to contribute roughly 53,000 renewable energy certificates to the market, assisting corporate consumers in meeting their sustainability commitments and further driving the development of a green economy.
See More
Founder Group Secures RM16 Million Solar Project Contract
- Contract Value and Scale: Founder Group has secured an approximately RM16 million (US$4.14 million) Engineering, Procurement, Construction, and Commissioning (EPCC) contract for a 25.40MW large-scale solar project in Malaysia, highlighting the company's robust growth potential in the renewable energy sector.
- Clean Energy Output: The project is expected to generate around 53,000 MWh of clean energy annually, offsetting approximately 35,000 tonnes of carbon dioxide emissions, aligning with the Malaysian government's strategic goals for corporate decarbonization and enhancing the company's social responsibility profile.
- Enhanced Market Competitiveness: By participating in Malaysia's Corporate Green Power Programme (CGPP), Founder Group further solidifies its position in the rapidly growing utility-scale solar market, which is anticipated to provide the company with recurring, multi-year revenue opportunities.
- Future Development Strategy: Founder Group plans to pursue additional LSS5 and LSS5+ programs, strengthening its competitiveness in regional solar tenders, with this contract expected to significantly bolster the company's order book and support its long-term growth trajectory.
See More
Founder Group Regains Nasdaq Compliance
- Compliance Notification: Founder Group received a letter from Nasdaq on February 25, 2026, confirming that it has regained compliance with the minimum bid price requirement, marking a significant recovery in the company's market standing.
- Stock Price Performance: Nasdaq's assessment indicates that the closing bid price of Founder Group's Class A ordinary shares has been at or above $1.00 per share, which is crucial for the company's future financing and investor confidence.
- Market Reaction: Following the announcement, Founder Group's stock price rose to $9.36 in premarket trading, reflecting a positive market response to the compliance restoration, potentially attracting more investor interest.
- Strategic Implications: Regaining compliance not only enhances the company's image in the capital markets but also paves the way for future financing activities, thereby strengthening its competitive position within the industry.
See More
Founder Group Faces Nasdaq Compliance Challenge
- Compliance Notification: Founder Group (FGL) announced on Friday that it received a notification from Nasdaq indicating it no longer meets the minimum requirement of 500,000 publicly held shares under Nasdaq Listing Rule 5550((a))(4), highlighting compliance pressures on the company.
- Listing Impact: The company stated that the notice does not have an immediate effect on the listing or trading of its Class A ordinary shares, indicating that shareholder investment security is not directly threatened in the short term.
- Plan Submission Deadline: Founder Group has until April 3, 2026, to submit a plan to regain and sustain compliance with Nasdaq's continued listing requirements, providing the company with time to adjust its equity structure.
- Stock Price Movement: Following the notification, FGL's stock price rose 0.09% in after-hours trading to $10.28, reflecting a cautiously optimistic market sentiment regarding the company's future compliance plans.
See More
Founder Group Faces Nasdaq Compliance Challenge
- Compliance Notification: Founder Group received a letter from Nasdaq on February 17, 2026, indicating non-compliance with the minimum requirement of 500,000 publicly held shares, although this notification does not have an immediate effect on the listing or trading of the company's shares.
- Plan Submission Deadline: The company must submit a specific compliance plan to Nasdaq by April 3, 2026, to ensure adherence to all Nasdaq Capital Market listing requirements, which will impact the company's strategic planning and resource allocation.
- Business Context: Founder Group is focused on providing end-to-end EPCC solutions for solar PV facilities in Malaysia, primarily targeting large-scale solar projects and commercial and industrial solar projects, with a mission to promote eco-friendly resources and achieve carbon neutrality.
- Market Risks: The compliance risks faced by the company could affect its market performance and investor confidence, especially in the current economic environment, where any failure to meet compliance requirements in a timely manner could lead to stock price volatility.
See More
Founder Group Secures RM19.5 Million Solar Contract
- Contract Value: Founder Group has secured an EPC contract worth RM19.5 million (approximately US$5 million) to construct a 5.5MW solar facility, indicating the company's ongoing growth potential in the renewable energy sector.
- Project Background: The contract was awarded by a prominent solar investment company under Malaysia's Large Scale Solar 5 program, reflecting Founder Group's competitiveness and industry recognition in this market.
- Operational Capacity: The new facility is expected to deliver a guaranteed Maximum Annual Available Capacity (MAAQ) of 13,568.8 megawatt-hours (MWh) during its first two years of operation, ensuring economic viability and sustainability of the project.
- Commercial Operation Timeline: The project is scheduled to achieve commercial operation by May 1, 2027, marking a significant milestone for Founder Group in renewable energy projects.
See More
Founder Group Secures RM16M Solar Project Contract in Malaysia
- Contract Value: Founder Group has been awarded an approximately RM16 million ($4.14M) engineering, procurement, construction, and commissioning contract, marking a significant expansion in the renewable energy sector that is expected to enhance its market competitiveness.
- Project Scale: The project is a 25.40MW large-scale solar initiative under Malaysia's Corporate Green Power Programme, aimed at accelerating corporate decarbonization through virtual power purchase agreements, reflecting the government's commitment to renewable energy.
- Clean Energy Output: The project is expected to generate approximately 53,000 MWh of clean energy annually, offsetting around 35,000 tons of carbon dioxide emissions, which directly supports global climate goals and enhances the company's sustainability profile.
- Renewable Energy Certificates: It is also anticipated to contribute roughly 53,000 renewable energy certificates to the market, assisting corporate consumers in meeting their sustainability commitments and further driving the development of a green economy.
See More
Founder Group Secures RM16 Million Solar Project Contract
- Contract Value and Scale: Founder Group has secured an approximately RM16 million (US$4.14 million) Engineering, Procurement, Construction, and Commissioning (EPCC) contract for a 25.40MW large-scale solar project in Malaysia, highlighting the company's robust growth potential in the renewable energy sector.
- Clean Energy Output: The project is expected to generate around 53,000 MWh of clean energy annually, offsetting approximately 35,000 tonnes of carbon dioxide emissions, aligning with the Malaysian government's strategic goals for corporate decarbonization and enhancing the company's social responsibility profile.
- Enhanced Market Competitiveness: By participating in Malaysia's Corporate Green Power Programme (CGPP), Founder Group further solidifies its position in the rapidly growing utility-scale solar market, which is anticipated to provide the company with recurring, multi-year revenue opportunities.
- Future Development Strategy: Founder Group plans to pursue additional LSS5 and LSS5+ programs, strengthening its competitiveness in regional solar tenders, with this contract expected to significantly bolster the company's order book and support its long-term growth trajectory.
See More
Founder Group Regains Nasdaq Compliance
- Compliance Notification: Founder Group received a letter from Nasdaq on February 25, 2026, confirming that it has regained compliance with the minimum bid price requirement, marking a significant recovery in the company's market standing.
- Stock Price Performance: Nasdaq's assessment indicates that the closing bid price of Founder Group's Class A ordinary shares has been at or above $1.00 per share, which is crucial for the company's future financing and investor confidence.
- Market Reaction: Following the announcement, Founder Group's stock price rose to $9.36 in premarket trading, reflecting a positive market response to the compliance restoration, potentially attracting more investor interest.
- Strategic Implications: Regaining compliance not only enhances the company's image in the capital markets but also paves the way for future financing activities, thereby strengthening its competitive position within the industry.
See More
Founder Group Faces Nasdaq Compliance Challenge
- Compliance Notification: Founder Group (FGL) announced on Friday that it received a notification from Nasdaq indicating it no longer meets the minimum requirement of 500,000 publicly held shares under Nasdaq Listing Rule 5550((a))(4), highlighting compliance pressures on the company.
- Listing Impact: The company stated that the notice does not have an immediate effect on the listing or trading of its Class A ordinary shares, indicating that shareholder investment security is not directly threatened in the short term.
- Plan Submission Deadline: Founder Group has until April 3, 2026, to submit a plan to regain and sustain compliance with Nasdaq's continued listing requirements, providing the company with time to adjust its equity structure.
- Stock Price Movement: Following the notification, FGL's stock price rose 0.09% in after-hours trading to $10.28, reflecting a cautiously optimistic market sentiment regarding the company's future compliance plans.
See More
Founder Group Faces Nasdaq Compliance Challenge
- Compliance Notification: Founder Group received a letter from Nasdaq on February 17, 2026, indicating non-compliance with the minimum requirement of 500,000 publicly held shares, although this notification does not have an immediate effect on the listing or trading of the company's shares.
- Plan Submission Deadline: The company must submit a specific compliance plan to Nasdaq by April 3, 2026, to ensure adherence to all Nasdaq Capital Market listing requirements, which will impact the company's strategic planning and resource allocation.
- Business Context: Founder Group is focused on providing end-to-end EPCC solutions for solar PV facilities in Malaysia, primarily targeting large-scale solar projects and commercial and industrial solar projects, with a mission to promote eco-friendly resources and achieve carbon neutrality.
- Market Risks: The compliance risks faced by the company could affect its market performance and investor confidence, especially in the current economic environment, where any failure to meet compliance requirements in a timely manner could lead to stock price volatility.
See More
