Northern Solar Hits 95.5 Sen Record on Cress Package
Northern Solar shares surged nearly 25% to a record high, driven by the government's Cress Acceleration Package and a pending Main Market transfer.
Key points
- Northern Solar shares reached a record high of 95.5 sen, rising nearly 25 percent from the previous close.
- The government's Cress Acceleration Package sets the System Access Charge at 14 sen per kilowatt-hour for green electricity.
- The company received approval to transfer its listing from the ACE Market to Bursa Malaysia’s Main Market.
Northern Solar Holdings Bhd shares climbed nearly 25 percent to a record high of 95.5 sen in morning trade on Bursa Malaysia. The stock opened at 78 sen and peaked at 95.5 sen before easing to 91 sen by noon, maintaining a gain of almost 19 percent. This performance made the ACE Market-listed counter the 27th most active on the exchange, with over 10 million shares changing hands.
The rally followed a broader lift in renewable energy stocks, with peers Solarvest Holdings Bhd and Samaiden Group Bhd also hitting all-time highs. Northern Solar has gained 19.53 percent year-to-date, starting 2025 at 64 sen. The move reflects renewed investor focus on solar infrastructure firms following recent regulatory announcements.
Cress package drives sector momentum
The primary catalyst for the price action is the government's Corporate Renewable Energy Supply Scheme (Cress) Acceleration Package. This framework sets the System Access Charge at 14 sen per kilowatt-hour for firm green electricity supply. Projects seeking this special rate must achieve commercial operation by December 31, 2028.
According to market data from KLSE Screener, this regulatory clarity is expected to accelerate negotiations between renewable energy developers and corporate consumers. Analysts suggest the package could strengthen Cress deal flow in the fourth quarter of 2026 and the first quarter of 2027. This timeline aligns with Northern Solar’s expansion plans and revenue projections.
Main Market transfer approved
Northern Solar has secured Securities Commission approval to transfer its listing from the ACE Market to Bursa Malaysia’s Main Market. The transfer is subject to compliance with the regulator’s equity guidelines. The company stated that this move will enhance its corporate profile and visibility among institutional investors.
Listing history and valuation context
Northern Solar, a solar photovoltaic engineering, procurement, construction, and commissioning specialist, listed on the ACE Market in February 2025. The initial offering price was 63 sen per share. The stock closed its first trading day 25.4 percent higher at 79 sen, establishing an early trajectory for its market valuation.
