Founder Group Secures $8.6M EPC Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 25 2026
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Should l Buy FGL?
Founder Group announced that, in collaboration with a prominent solar investment company, it has secured an EPC contract valued at $8.6M under Malaysia's Large Scale Solar 5 program. As per the newly signed contract, Founder Group will undertake the design, construction, testing and commissioning of the 9.5 MW solar facility the Company agreed to build under LSS5 earlier this month. That facility is scheduled to achieve commercial operation not later than May 1, 2027.
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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 Regains Nasdaq Compliance
- Compliance Restoration: Founder Group confirmed on April 9 that it has regained compliance with Nasdaq's Listing Rule 5550(a)(4) regarding minimum publicly held shares, marking a significant advancement in the company's compliance status and enhancing investor confidence.
- Stock Price Reaction: Following the compliance restoration, Founder Group's stock price rose 0.52% in premarket trading to $1.91, indicating a positive market response to the company's regained compliance.
- New Contract Signing: The company secured an additional $8.6 million contract under Malaysia's large-scale solar program, which not only boosts revenue potential but also strengthens its market position in the renewable energy sector.
- EPC Contract Approval: Founder Group also received a $5 million EPC contract for a 5.5MW solar plant, which is expected to provide stable cash flow and drive future business growth.
See More
Founder Group Regains Nasdaq Compliance
- Compliance Restoration: Founder Group received confirmation from Nasdaq's Listing Qualifications Department on April 9, 2026, indicating that the company has regained compliance with the minimum publicly held shares requirement, marking a restoration of stability in its capital market presence.
- Business Focus: The company specializes in solar PV facilities in Malaysia, concentrating on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to provide innovative solar installation services and promote eco-friendly resources.
- Market Positioning: As a pure-play EPCC solutions provider, Founder Group's mission is to achieve carbon neutrality, responding to the growing global demand for renewable energy, thereby securing a competitive edge in a crowded market.
- Future Outlook: Regaining compliance is expected to enhance investor confidence, facilitating future financing and business expansion capabilities, thus supporting the company's long-term strategic development in the renewable energy sector.
See More
Founder Group Secures RM34 Million Solar EPC Contract
- Contract Value: Founder Group has secured an EPC contract worth RM34 million (approximately $8.6 million) in collaboration with a prominent solar investment company, highlighting its strong market position in the solar sector.
- Project Scale: Under the newly signed contract, Founder Group will undertake the design, construction, testing, and commissioning of a 9.5 MW solar facility, further solidifying its involvement in Malaysia's large-scale solar projects.
- Commercial Operation Timeline: The solar facility is scheduled to achieve commercial operation by May 1, 2027, which will help the company strategically position itself in the renewable energy market ahead of schedule, enhancing its competitive edge.
- Market Reaction: Founder Group's stock price fell 7.22% in pre-market trading to $4.11, reflecting the market's initial response to the contract and potentially influencing investor perceptions of the company's future growth prospects.
See More
Founder Group Secures RM34 Million EPC Contract
- Significant Contract Value: Founder Group has secured an EPC contract worth RM34 million (approximately US$8.6 million) in collaboration with a prominent solar investment company, marking a significant expansion in Malaysia's large-scale solar market.
- Project Scale and Timeline: Under the new contract, Founder Group will undertake the design, construction, testing, and commissioning of a 9.5 MW solar facility, which is scheduled to achieve commercial operation by May 1, 2027, further driving the company's growth in the renewable energy sector.
- Optimistic Market Outlook: The total contract value secured by Founder Group under the LSS5 program has reached approximately RM70 million (around US$17.7 million), reflecting strong market demand and trust in the company amid the Malaysian government's renewable energy initiatives.
- Strategic Development Plans: The company aims to leverage this contract success to secure additional contracts under the upcoming LSS6 program, thereby solidifying its market position in renewable energy and laying the groundwork for sustained revenue growth.
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 Regains Nasdaq Compliance
- Compliance Restoration: Founder Group confirmed on April 9 that it has regained compliance with Nasdaq's Listing Rule 5550(a)(4) regarding minimum publicly held shares, marking a significant advancement in the company's compliance status and enhancing investor confidence.
- Stock Price Reaction: Following the compliance restoration, Founder Group's stock price rose 0.52% in premarket trading to $1.91, indicating a positive market response to the company's regained compliance.
- New Contract Signing: The company secured an additional $8.6 million contract under Malaysia's large-scale solar program, which not only boosts revenue potential but also strengthens its market position in the renewable energy sector.
- EPC Contract Approval: Founder Group also received a $5 million EPC contract for a 5.5MW solar plant, which is expected to provide stable cash flow and drive future business growth.
See More
Founder Group Regains Nasdaq Compliance
- Compliance Restoration: Founder Group received confirmation from Nasdaq's Listing Qualifications Department on April 9, 2026, indicating that the company has regained compliance with the minimum publicly held shares requirement, marking a restoration of stability in its capital market presence.
- Business Focus: The company specializes in solar PV facilities in Malaysia, concentrating on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to provide innovative solar installation services and promote eco-friendly resources.
- Market Positioning: As a pure-play EPCC solutions provider, Founder Group's mission is to achieve carbon neutrality, responding to the growing global demand for renewable energy, thereby securing a competitive edge in a crowded market.
- Future Outlook: Regaining compliance is expected to enhance investor confidence, facilitating future financing and business expansion capabilities, thus supporting the company's long-term strategic development in the renewable energy sector.
See More
Founder Group Secures RM34 Million Solar EPC Contract
- Contract Value: Founder Group has secured an EPC contract worth RM34 million (approximately $8.6 million) in collaboration with a prominent solar investment company, highlighting its strong market position in the solar sector.
- Project Scale: Under the newly signed contract, Founder Group will undertake the design, construction, testing, and commissioning of a 9.5 MW solar facility, further solidifying its involvement in Malaysia's large-scale solar projects.
- Commercial Operation Timeline: The solar facility is scheduled to achieve commercial operation by May 1, 2027, which will help the company strategically position itself in the renewable energy market ahead of schedule, enhancing its competitive edge.
- Market Reaction: Founder Group's stock price fell 7.22% in pre-market trading to $4.11, reflecting the market's initial response to the contract and potentially influencing investor perceptions of the company's future growth prospects.
See More
Founder Group Secures RM34 Million EPC Contract
- Significant Contract Value: Founder Group has secured an EPC contract worth RM34 million (approximately US$8.6 million) in collaboration with a prominent solar investment company, marking a significant expansion in Malaysia's large-scale solar market.
- Project Scale and Timeline: Under the new contract, Founder Group will undertake the design, construction, testing, and commissioning of a 9.5 MW solar facility, which is scheduled to achieve commercial operation by May 1, 2027, further driving the company's growth in the renewable energy sector.
- Optimistic Market Outlook: The total contract value secured by Founder Group under the LSS5 program has reached approximately RM70 million (around US$17.7 million), reflecting strong market demand and trust in the company amid the Malaysian government's renewable energy initiatives.
- Strategic Development Plans: The company aims to leverage this contract success to secure additional contracts under the upcoming LSS6 program, thereby solidifying its market position in renewable energy and laying the groundwork for sustained revenue growth.
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
