Royal's Pivotal Shift to Renewables Drives 1.86 Gain With $250M Volume Ranking 412th Amid Liquidity Constraints

Royal shares closed at a 1.86% gain on September 26, 2025, with a trading volume of $0.25 billion, ranking 412th in market activity. The stock’s performance was driven by a strategic shift in its operational focus, as the company announced the divestiture of its underperforming North American energy assets to streamline capital allocation. This move follows a six-month review of non-core holdings, with proceeds expected to accelerate investments in renewable energy infrastructure in Southeast Asia.

Analysts highlighted the decision as a pivotal step in aligning Royal’s portfolio with long-term sustainability goals, particularly in light of regulatory pressures on carbon-intensive sectors. The company also released preliminary Q3 earnings guidance, indicating a 12% year-over-year increase in adjusted EBITDA, attributed to improved margins in its core manufacturing divisions. However, investors remain cautious about near-term liquidity constraints, as the asset sale is projected to complete by Q1 2026.

To run this back-test rigorously I need to pin down a few details: Market universe—Do you want to scan all U.S. common stocks (NYSE + NASDAQ) or another market? Trade timing—Enter at the day’s close and exit at the next day’s close, or use opens? Weighting & capital allocation—Equal-weight each of the 500 names, or weight by (say) dollar volume? Frictions—Assume zero transaction costs/slippage, or apply a cost estimate? Benchmark (optional)—Would you like the results compared with SPY or another index? Let me know and I’ll build the back-test accordingly.