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Founder Group shares surge 13.52% premarket after RM1.16B solar-plus-storage project in Sarawak.
ByAinvest
Wednesday, Nov 5, 2025 4:03 am ET1min read
Founder Group surged 13.52% in premarket trading, driven by optimism around its RM1.16B solar-plus-storage project in Sarawak and a RM17.4B EPCC contract pipeline through 2028. These developments, announced in late September 2025, positioned the company as a key player in Malaysia’s renewable energy transition, despite a -14.04 P/E ratio and a Weiss Ratings "Sell (D-)" downgrade. The rally was also fueled by technical trading dynamics, including a double-bottom pattern and short-covering pressure, as the stock’s recent volatility attracted speculative buying. While no new corporate news emerged on Nov 4, the delayed market reaction to the September project wins and broader solar sector tailwinds in Southeast Asia amplified the premarket surge.
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