24/7 Market News Snapshot 26 September, 2025 – Founder Group Limited Class A Ordinary Shares (NASDAQ:FGL)

September 26, 2025

DENVER, Colo., 26 September, 2025 (www.247marketnews.com) – (NASDAQ:FGL) are discussed in this article.
Founder Group Limited (NASDAQ:FGL) is currently experiencing a bearish trend, with its Class A ordinary shares trading at $0.731 in pre-market, reflecting a notable decline of 21.41% from the previous close of $0.930. This significant drop is accompanied by a high trading volume of 12.54 million shares, indicating strong selling pressure and suggesting potential ongoing fluctuations in the stock. Technical indicators point to possible further weakness, with investors advised to monitor support levels around $0.700 and to evaluate their risk appetite amid the volatility.

In contrast to the current stock performance, FGL is taking a bold step towards leading renewable energy initiatives in the region. The company has signed a Heads of Agreement with Planet QEOS Sdn. Bhd. to develop an ambitious large-scale renewable energy facility with an investment of up to RM1.16 billion (approximately USD276 million). This project is a significant part of the Baram DeepTech Energy Programme, representing a pivotal shift toward sustainable energy solutions.

The planned facility will include a 310 MWp ground-mounted solar photovoltaic (PV) power plant paired with a 620 MWh Battery Energy Storage System (BESS). This landmark project aims to be the region’s inaugural “firm” solar power plant, providing reliable renewable electricity and positioning itself as a competitive alternative to traditional energy sources. Furthermore, it will foster economic development in the local area.

Additionally, FGL is set to lead the establishment of a 200 MW Tier-4 Green Data Centre Park (SDCP) across a sprawling 350 acres, anticipated to generate over RM1 billion in foreign direct investment. This initiative will leverage solar energy to improve operational efficiencies and underscores FGL’s commitment to sustainable growth and the development of a robust green economy. With the vision of transforming the region into the “Battery of Asean,” the Baram Special Energy Zone aspires to drive industrial expansion and rural development while advancing ambitious clean energy targets for the future.

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