Founder Group Ltd (FGL)

FGL.....................................p/m

Founder Group shares jump 20% after securing $4.1M solar project contractMarch 9, 2026 11:30 AM
IH Market News
Shares of Founder Group (NASDAQ:FGL) climbed 20% on Monday after the company announced it had been awarded an Engineering, Procurement, Construction, and Commissioning (EPCC) contract valued at approximately RM16 million ($4.14 million) for a 25.40MW solar power project in Malaysia.The project forms part of Malaysia’s Corporate Green Power Programme (CGPP), a government initiative designed to accelerate corporate decarbonization through Virtual Power Purchase Agreements and the development of large-scale solar capacity.Under the contract, Founder Group will oversee the supply of equipment, civil and structural construction, testing and commissioning activities, as well as the interconnection facilities for the solar photovoltaic plant. Once operational, the installation is expected to generate about 53,000 megawatt-hours of renewable electricity annually, helping reduce roughly 35,000 tonnes of carbon dioxide emissions.The project is also expected to contribute around 53,000 Renewable Energy Certificates to the market, enabling corporate buyers to meet their sustainability targets.“This award reinforces Founder Group’s growing role in Malaysia’s energy transition and demonstrates our strong execution track record under the CGPP framework,” said Lee Seng Chi, Chief Executive Officer of Founder Group. “As Malaysia accelerates its utility-scale solar rollout, Founder Group is well-positioned to capture a larger share of upcoming tenders and expand our presence in high-value EPCC projects.”The company said the new contract strengthens its position in Malaysia’s utility-scale solar sector while improving visibility for multi-year revenue streams. Founder Group added that it is continuing to pursue opportunities under the LSS5 and LSS5+ programs, the Corporate Renewable Energy Sourcing Scheme, and other regional solar tenders.Founder Group stock price

Original: Founder Group shares jump 20% after securing $4.1M solar project contract

Notice of Effectiveness has been filed.

Good to go.

76% of the OS is SHORT.

If the company ever makes a huge positive PR, the short sellers will get stuck again.

Low-float setups like FGL can move quickly when volume returns. Recent corporate updates and restructuring efforts suggest management is trying to stabilize the story.

on stock twits they vlaim that insoder have lock up period i ll don t find any information

$FGL: Damnnnnnnnnn............ now $0.07

Whatta drop........... now more interest I guess


Added 100k........... $0.06 for the stoploss


GO $FGL

$FGL: Has my interest here at $0.17

RSI at 32.7

Gonna step in here shortly


GO $FGL

Nice Day.

Nice

$FGL Looks interesting..
$FGL With the flip of the MACD positive and a close above the 20 Day MA.. this could test the 50 Day near term.. pic.twitter.com/WW8Z4qVl5n— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) November 22, 2025

Monday
Monday
Monday
😄

She’s on the move today! $FGL

Another consolation day making for a stronger base. Patience is key here. IMO $FGL

Shares are short AF here. Built a nice base around .50. I have a feeling tomorrow if she runs up a bit PM she flies. $FGL

Need .58 to break to see a strong move up to .70 range. IMO. $FGL

Well that was a quick flush. Already bounce back from 10% dip. Looks like stop losses got taken out. Will cause a stronger move when some of those that got their shares stolen just now chase when this breaks out. IMO. $FGL

Nice comeback from morning dip. Flushing out weak hands at the moment before the next leg up. Will go higher when it squeezes flushing out weak hands now. IMO. $FGL

Added on the dip this morning. $FGL

Took a few at .5081 GLTA $FGL

It's a Malaysia Scam! Pump and dump!

Year of the Tiger in the Tank: https://www.nasdaq.com/market-activity/stocks/fgl
$FGL

honda wtf?, subsidiary of a much larger going concern and trying to make a difference. Read up a bit. And, as you know - the share price is not the company 😇.

Pump and Dump, it's become a Notorious Scam,

Lol, nope - like yours better, thanks very much!..
I especially like the squiggly lines for Nov, Dec and a bit of Jan 26' that seem to spell
MR (Motherfkn Rangebound! ;)
Thanks again 🤑

$FGL Someday baby..

.. Goddamn but now I'll give it to you
Girl, you got game
Just keep on betting
Any day it's gonna pay yah
Hold on darling you're leaving to fast
But someday baby
You ain't gonna trouble
For me.... anymore
Goodbye girl better get gone
Skit
Gone
Had a great time
Got beat pretty good
Had a good thing going
Got more than you gave..

Wow......Well, compared to all that I guess this looks pretty silly.

Impact Investing ESG baby welcome!..
$FGL

Here’s how a seasoned technical analyst might approach annotating and interpreting the chart for Founder Group Limited (FGL):

📈 Key Chart Annotations
Trendlines and Channels

Draw upward or downward sloping lines connecting recent highs and lows to define the current trend.

If the price is moving within a channel, the analyst would highlight the upper resistance and lower support boundaries.

Support and Resistance Levels

Mark horizontal lines at previous swing highs and lows where price has repeatedly reversed.

These levels act as psychological barriers and potential breakout zones.

Candlestick Patterns

Identify reversal patterns like doji, hammer, or engulfing candles at key levels.

These patterns often signal exhaustion of a trend and potential reversal.

Moving Averages

Overlay short-term (e.g. 20-day) and long-term (e.g. 50-day or 200-day) moving averages.

Crossovers (e.g. golden cross or death cross) are used to confirm trend changes.

Volume Analysis

Annotate volume spikes during price moves to confirm strength.

Low volume on breakouts may suggest false signals.

Indicators

Use RSI (Relative Strength Index) to identify overbought (>70) or oversold (

Planet QEOS Sdn. Bhd. is a subsidiary of QEOS LED Sdn. Bhd. founded in 2020. Its goal is to disrupt traditional supply chains and defy traditional growing seasons by enabling local farming at commercial scale all-year round. We set a new standard for traceability by managing our greens from seed to package. By integrating QEOS Connectivity Technology® platform and our Better Sun Technology™, we can provide the perfect conditions for healthy plants to thrive, taking indoor farming to a new level of precision and productivity with minimal environmental impact and virtually zero risk.

QEOS Group of companies has a connectivity technology portfolio that includes more than 50 patents applied and awarded worldwide, covering PEOPLE, POWER, & DATA Connectivity Technology.
Application Fields in Horticultural Lighting

Planet QEOS Better Sun Technology™ will impact the future on how to ensure increased food security and have a positive impact on human health. It would reduce the amount of farmland needed, which could decrease deforestation and pollution, and help urban areas be self-sufficient.
https://planetqeos.com/
https://investorshub.advfn.com/stock-market/NASDAQ/founder-FGL/stock-news/97026385/form-6-k-report-of-foreign-issuer-rules-13a-16

About QEOS

QEOS LED Sdn. Bhd., a subsidiary of Quantum Electro Opto Systems Sdn. Bhd. (QEOS), is a manufacturer and wholesaler of advanced energy efficient LED lighting solutions. Having the ability to drive down power consumption greatly, QEOS LED products offer huge cost savings for commercial and industrial applications. QEOS LED Advance Lighting System also offers future upgrades which will allow for smart lighting.

QEOS LEDs replaces conventional CFLs and incandescent lamps to achieve a greater cost savings of at least 50% and up to 80% in electricity used. Using it’s patented design for the use of superior grade high efficiency LED chipset and robust driver, QEOS LED products are rated for up to 24 hour use. QEOS LED products are 5 times more efficient than conventional fluorescent lights and 2 times more efficient that current LED lights. This provides a strong assurance for better value of money and maximizing return on investment.
https://www.qeosled.com/

.. lotta rain in nyc


At Planet QEOS, our system is based on Precision Agriculture principles with producers using systems that generate data in their farms, which will allow for proper strategic and operational decisions. Traditionally, farmers have gone to the fields to check the status of their crops and make decisions based on their accumulated experience. This approach is no longer sustainable as, some fields are too large to be managed according to the threefold criterion that will lead the coming years: EFFICIENCY, SUSTAINABILITY and AVAILABILITY (for people).

Planet QEOS Advanced smart farming system provides practical solutions for farmers. Our technology will provide a systematic tool to detect unforseen problems hard to notice by traditional visual inspection on occasional checks.

🎓 Education and Ownership
Lee holds an undergraduate degree from Multimedia University, Malaysia

As of mid-2025, he owns approximately 28.57% of Founder Group, with a net worth estimated at USD 4 million


🧑‍💼 Lee Seng Chi’s Career Path
Early Career (2010–2013): Lee started as an Operations Manager at Micron M Sdn. Bhd., where he gained hands-on experience in engineering operations and project management

Solar Bina Engineering Sdn. Bhd. (2015–2021): He served as Chief Executive Officer, leading solar energy projects and developing a strong foundation in renewable energy infrastructure. This role was pivotal in shaping his technical and strategic understanding of Malaysia’s solar EPC (Engineering, Procurement, and Construction) landscape

Founder Energy Sdn. Bhd. (2021): Drawing on over a decade of experience, Lee established Founder Energy to deliver full-spectrum solar PV solutions. The company quickly gained traction for its engineering excellence and project delivery capabilities

🚀 Founder Group’s Rise and Acquisition
Acquisition by Reservoir Link (2021): Reservoir Link Energy Berhad acquired a 51% stake in Founder Energy, rebranding it as Founder Group Limited. Lee remained at the helm as CEO and Chairman, guiding the company through its next phase of growth

Nasdaq Listing (2024–2025): Under Lee’s leadership, Founder Group pursued a Nasdaq IPO, raising capital to expand its solar EPC footprint and align with Malaysia’s national green energy and AI infrastructure ambitions


Lee Seng Chi’s journey from operations management to leading a Nasdaq-listed solar EPC firm illustrates a classic entrepreneurial arc—grounded in technical mastery, sharpened by executive leadership, and scaled through strategic partnerships.

Would you like to explore some of Founder Group’s flagship solar projects or their role in Malaysia’s green energy roadmap?..


No thanks, I've seen those already but maybe some trader/investor here at the IPub will sit down with a cold one and do so..

$FGL

Couldn't resist the .31 .32s .. got starter and curious and found quite a large organization here - real company;

https://www.founderenergy.com.my/projects-grid-2/
https://reservoirlink.com/investors/financial-information/
https://reservoirlink.com/renewable-energy/
https://reservoirlink.com/investors/stock-information/
https://reservoirlink.com/about-us/

Smart trader/nice girl on Stocktwits says some algo has a grip today.. likely with future plan$ .. glta
FGL$
Think her name is Julia

Picked up some more below $.34. Will buy more if it drops lower.

mm arcx ruins runs, I……

….

see them do this to so many stocks so im out as long as they keep pushing it down on the ask and dumping the bid like that.

Back into the valley .. +40% nice day out .. $FGL

appears we should have waited, lol

i got more on that 2nd dip. lets do this!

Got some.

grabbed some on this dip.

nice great dip , 0.58 , i'm in now
imo

.68+50% solar power plant with battery backup 24 hour output in Malaysia largest one..

FGL...................................https://stockcharts.com/sc3/ui/?s=FGL&p=W&b=5&g=0&id=p86431144783

Foundher First Group getting some attention .. let's chart, into the future..
$FGL

There was a business here and may be a turn around..

✅ Why Avondale (or a Sophisticated Investor) Might Back This

Here are reasons why one might rationally take the risk:

Factor Rationale / Upside Caveats / Conditions
Growth leverage / upside potential The RM 1.16B deal is large relative to FGL’s past deals. If executed, this can materially shift revenue scale. Magnitude of upside depends on margins, execution, cost control.
Value of downstream integration By combining generation (solar + battery) and data centre infrastructure, FGL is positioning itself along multiple revenue streams (power sales, data centre leases). The data centre business is capital intensive, competitive, and requires its own operational excellence.
“First mover / flagship” branding Being billed as Malaysia’s first “firm solar” project could attract government support, subsidies, preferential policy, or branding advantage. That “first mover” status might attract scrutiny, regulatory delays, or pushback from incumbents.
Macro / policy tailwinds Many governments (incl. in Malaysia, ASEAN) are pushing renewable energy, grid modernization, digital infrastructure. FGL’s specialization in solar EPCC is aligned. Policy risk: changes in subsidies, tariffs, energy policy direction, or macroeconomic pressures.
Embedded option / optionality Even if only partially realized, having such a large project in pipeline gives flexibility. It’s a kind of call option on future growth. The option can expire worthless if not executed (permits, financing, off-takers fall through).
So, from a “high risk / high potential return” lens, this move could appeal to an investor willing to accept execution risk in exchange for outsized payoff.

⚠️ Key Risks & Red Flags (Especially Given Past Financials)

While the upside is enticing, the risks are significant — some of which we already saw in their 20-F:

Execution risk

The “Heads of Agreement” is nonbinding in many respects; they must still secure permits, land rights, grid interconnection, environmental clearance, etc.

They need to raise significant capital or debt to build the infrastructure. If they can't secure financing on favorable terms, the project may stall or be materially delayed.

Concentration / capital burden

The project is large relative to FGL’s track record; taking on a commitment of this size could stress the balance sheet, especially given that in 2024, liabilities already exceeded current assets.

If cost overruns occur, or if BESS, civil, or interconnection costs escalate (as often happens in large infrastructure builds), margins may shrink or turn negative.

Off-taker / PPA risk / pricing risk

The economics rest heavily on establishing a robust Power Purchase Agreement (PPA) with terms favorable enough to justify investment. If pricing is weak or if offtakers renegotiate, revenue could be disappointing.

The “firm solar” nature (i.e. combining with storage to deliver dispatchable power) adds complexity; the battery must meet reliability expectations.

Regulatory / policy / permitting risk

The energy, environmental, land use, grid interconnection, licensing regimes in Malaysia (especially in Sarawak) could introduce delays, additional costs, or constraints.

Changes in tax, feed-in tariff, renewable energy policy, or data center power tariffs could erode returns.

Track record & scale risk

While FGL has announced some smaller projects (30 MW, etc.), stepping up to 310 MW + 620 MWh + data centre is a big leap. Scaling up operations, managing complexity, integrating across multiple verticals (generation + data centre operations) is nontrivial.

Their prior financials show losses and working capital stress, which means any misstep could cascade.

Liquidity / investor control / governance

Given the dual-class share structure (which we discussed earlier), public shareholders may have limited control. If management or large controlling shareholders take decisions that favor insiders or use aggressive assumptions, minority investors may have limited recourse.

Transparency and disclosure quality is crucial; any opacity in cost estimates, milestone disclosures, or delays could hide disappointing performance.

🎯 What This Suggests for Avondale (and Other Investors)

Putting together their move and Avondale's stake, here’s a plausible narrative:

Avondale may have taken the stake to capture upside if the RM 1.16B project successfully transitions from “Heads of Agreement” to a fully binding, financed, executed project. If FGL can grow from small EPCC deals to a much larger infrastructure play, the equity could appreciate substantially (especially given low base).

Because the share structure concentrates control, Avondale might be betting that their share is enough to benefit from value creation (through dividends, or eventual liquidity events) even if they can’t directly influence management.

The RM 1.16B deal also gives a signal of future opportunity: management is attempting to break into “big league” infrastructure builds, and this could be a “proof point” to unlock more contracts or easier financing.

🔍 What to Closely Monitor Going Forward

To evaluate whether this project (and thus the bet) is credible, these are the metrics and milestones I’d watch:

Progression from “Heads of Agreement” ? Definitive Agreements / Binding Contracts

Is the PPA signed?

Are land rights / land leases secured?

Has a full EPC contract (or series of contracts) been awarded?

Is there a financing / debt / equity consortium backing the deal?

Regulatory & permitting milestones

Environmental / social impact assessments

Grid interconnection approval

Permit for data centre operations (zoning, cooling, connectivity)

Capital raise / project finance terms

How much debt vs equity? What interest rates?

Who are the lenders / investors?

Are there guarantees or government backing?

Cost and margin assumptions / sensitivity

What is the expected CAPEX, OPEX, battery degradation assumptions?

What is pricing in the PPA? How sensitive are returns to pricing shifts?

What contingency buffer is assumed?

Execution track record for smaller projects

How does FGL deliver on its smaller announced solar projects (like the 30 MW one)? Does it deliver on time, on budget, with quality?

Any disputes, cost overruns, delays?

Macroe / policy / industry environment

Changes in solar module costs, battery costs, supply chain constraints

Regulatory changes in Malaysia around power tariffs, renewable incentives, data center tariffs

Competition: are other developers bidding aggressively, putting downward pressure on margins?

Disclosure and transparency

Are the filings (6-Ks, 20-F, press releases) giving realistic timelines, risk disclosures, milestone updates?

Are there restatements, delays, or inconsistent disclosures?

Cash flow / liquidity buffer

Does FGL maintain sufficient liquidity to survive delays or cash flow shortfall periods?

Are guarantees or escrow arrangements in place?

If many of those check out, the project may be credible; if many get delayed or fail, the downside risk is real.

FGL...........................................https://stockcharts.com/h-sc/ui?s=FGL&p=W&b=5&g=0&id=p86431144783

$FGL: Wow.... whatta rugpull..............

That was vicious........ now $0.71

People trapped there.

Can't believe they did that


GO $FGL

$FGL: Popping here.... now $1.20


Founder Group Signs Memorandum of Understanding with GCL Systems Integration Technology Co., Ltd. to Cooperate on Renewable Energy Projects Valued at up to USD $220 Million FGL 


GO $FGL

fgl.........................https://stockcharts.com/h-sc/ui?s=fgl&p=W&b=5&g=0&id=p86431144783

FGL........................https://stockcharts.com/h-sc/ui?s=FGL&p=W&b=5&g=0&id=p86431144783

FGL..................................https://stockcharts.com/h-sc/ui?s=FGL&p=W&b=5&g=0&id=p86431144783

FGL SING PLAY READY