Founder Group shares fall 10.88% premarket as technical reversal and Weiss Ratings downgrade weigh after speculative rally.

Founder Group fell 10.88% in premarket trading following a bearish Weiss Ratings downgrade to 'Sell (D-)', which highlighted concerns over the company’s unprofitable operations and structural risks. This downgrade, combined with the stock’s -14.04 P/E ratio and prior intraday volatility from speculative trading in its RM1.16B solar-plus-storage project, likely triggered profit-taking and renewed skepticism. Despite recent project optimism, the downgrade reinforced caution, particularly as technical indicators showed overbought conditions and a history of rapid reversals after sharp rallies. The premarket decline reflects a shift in sentiment toward the bearish rating and underlying valuation concerns.