Traders should monitor for further contract wins under LSS6 or CRESS programs, as well as execution progress on current projects. The company’s small market cap ($2M) suggests high leverage to new contract announcements.
Price Chart
Executive Summary
Founder Group Limited secured an EPC contract worth RM34 million (approximately $8.6 million) under Malaysia’s LSS5 solar program to build a 9.5 MW solar facility, scheduled for commercial operation by May 1, 2027. This brings the company's total LSS5 contract value to RM70 million ($17.7 million), reinforcing its position in Malaysia’s growing utility-scale solar market.
Key Financial Metrics
Key Facts
- Founder Group secured a new EPC contract valued at RM34 million (~$8.6 million) under Malaysia’s LSS5 program.
- The project involves the design, construction, and commissioning of a 9.5 MW solar facility with commercial operation expected by May 1, 2027.
- Total LSS5 contract value now stands at RM70 million (~$17.7 million).
- LSS5 supports Malaysia’s goal of 70% renewable energy capacity and carbon neutrality by 2050.
- MBSB Research expects LSS6 to launch soon, potentially adding 2GW of solar capacity with BESS requirements.
Financial Impact
$8.6 million in new contract value, bringing total LSS5 backlog to $17.7 million
Risk Factors
- Execution risk on project timeline and cost overruns.
- Dependence on government-backed programs that may face delays or policy changes.
- Currency risk due to RM-to-USD conversion and potential fluctuations.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3262180 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 6-K | $1.81 | awaiting T+20 | — | $1.58 (−12.71%) |
Sep 21, 2026 5w ago | Press Release | $4.07 $2.42 | ▲ +40.66% | ▲ +39.76% | $1.58 (+61.18%) |
Sep 4, 2026 7w ago | 6-K | $9.30 $4.14 | ▲ +55.48% | ▲ +56.09% | $1.58 (+83.01%) |
Aug 26, 2026 8w ago | 6-K | $19.22 $4.07 | ▲ +78.82% | ▲ +80.03% | $1.58 (+91.78%) |
Jul 13, 2026 15w ago | 6-K | $1.29 $0.7950 | ▼ −38.37% | ▼ −41.56% | $1.58 (+22.48%) |
Jul 6, 2026 16w ago | 6-K | $1.41 $0.8610 | ▲ +38.94% | ▲ +42.10% | $1.58 (−12.06%) |
May 27, 2026 21w ago | EFFECT | $2.64 $1.43 | ▲ +45.83% | ▲ +43.93% | $1.58 (+40.15%) |
Mar 25, 2026 30w ago | Press Release | $3.63 $1.81 | ▼ −50.14% | ▼ −58.00% | $1.58 (−56.47%) |
Mar 16, 2026 32w ago | Press Release | $4.21 $1.71 | ▼ −59.38% | ▼ −63.16% | $1.58 (−62.47%) |
Mar 9, 2026 33w ago | EFFECT | $7.06 $2.51 | ▼ −64.45% | ▼ −61.64% | $1.58 (−77.62%) |
US Market Status
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