FGL
Founder Group Limited Ordinary Shares
About: Founder Group Ltd acts as an end-to-end Engineering, Procurement, Construction, and Commissioning solutions provider for solar PV facilities in Malaysia. The segments of the company are large-scale solar projects and commercial and industrial (C&I) solar projects. Large-scale solar projects of the company are utility-scale solar PV power plants with installed generating capacity of 1 MWac or more, and C&I projects of the company 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 consumption at factories, warehouses, and commercial stores. The company derives its revenue from Malaysia.
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Funds holding %
of 6,809 funds
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Analysts bullish %
Fund manager confidence
Research analyst outlook
We haven’t received any recent analyst ratings for FGL.
Financial journalist opinion
Based on 3 articles about FGL published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
Founder Group Enters the US$180 Billion AI Market With AI-Powered Drone Technology for Solar Farm Inspections
KUALA LUMPUR, Malaysia, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, is proud to announce its strategic partnership with VC AI Limited (“VC.AI”) to co-develop advanced AI-powered Unmanned Aerial Vehicle (UAV) for solar farm inspections, ensuring the optimal performance of solar farms.
Neutral
GlobeNewsWire
2 weeks ago
Founder Group Secures Conditional Letter of Award Worth Approximately US$68 Million for a 100MW Solar Farm in Malaysia
KUALA LUMPUR, Malaysia, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), is proud to announce that it has been awarded a conditional Letter of Award (LOA), valued at approximately US$68 million (around RM299,260,000), for the development of a 100-megawatt solar farm in Tanjung Malim, Malaysia. Spanning 900 acres, the solar farm will serve as a critical energy source, providing 100MW of export capacity to power an advanced AI data center in Enstek City, Malaysia. Founder Group will act as the Engineering, Procurement, and Construction (EPC) partner for this transformative project.
Neutral
GlobeNewsWire
3 weeks ago
Founder Group Expands Southeast Asia Presence With Proposed Acquisition of Vietnam-Based Renewable Energy Company
KUALA LUMPUR, Malaysia, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, is pleased to announce its proposed acquisition of a majority stake in VES 1 Joint Stock Company (“VES1”), a subsidiary of VES Joint Stock Company (“VES”). VES is a pioneer in renewable energy in Vietnam, specializing in solar and wind power solutions, while VES1 focuses on developing solar energy projects across the country.
Neutral
GlobeNewsWire
1 month ago
Founder Group Secures Multiple Contracts Worth Approximately US$5.5 Million
KUALA LUMPUR, Malaysia, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a pure play, end to end engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, is pleased to announce the receipt of several Letters of Award (LOAs) for multiple large-scale solar projects, with a combined contract value of approximately US$5.5 million (equivalent to approximately RM22.5 million).
Neutral
GlobeNewsWire
1 month ago
Founder Group Limited Announces USD$3.8 million New Solar EPCC Photovoltaic Contract
SELANGOR, Malaysia, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (“FGL” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, today announced that its subsidiary, Founder Energy Sdn Bhd, has secured a contract to develop a solar power system for a Malaysian higher education institution. This contract encompasses the full development, design, installation, construction, and commissioning of an on-site solar PV system for the institution's electricity generation and consumption. Valued at approximately USD$3.8 million, the project is expected to be completed within nine months.
Neutral
GlobeNewsWire
1 month ago
Founder Group Limited Announces Closing of Initial Public Offering
SELANGOR, Malaysia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (“FGL” or the “Company”), a pure-play, end-to-end engineering, procurement, construction and commissioning (EPCC) solutions provider for solar PV facilities in Malaysia, today announced the closing of its previously announced initial public offering (the “Offering”) of an aggregate 1,218,750 ordinary shares at a public offering price of $4.00 per share for total gross proceeds of $4.875 million to the Company, before deducting underwriting discounts and offering expenses. The shares began trading on the Nasdaq Capital Market on October 23, 2024, under the ticker symbol “FGL.”
Neutral
GlobeNewsWire
1 month ago
Founder Group Limited Announces Pricing of Initial Public Offering
SELANGOR, Malyasia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (“FGL” or the “Company”), a pure-play, end-to-end engineering, procurement, construction and commissioning (EPCC) solutions provider for solar PV facilities in Malaysia, today announced the pricing of its initial public offering (the “Offering”) of an aggregate 1,218,750 ordinary shares at a public offering price of $4.00 per share for total gross proceeds of $4.875 million, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option (the “Over-Allotment Option”) to purchase up to an additional 182,813 ordinary shares at the initial public offering price, less underwriting discounts.
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