ARE SOLAR COMPANIES STILL CONSIDERED GOOD INVESTMENTS?

With the recent announcement of LSS4 shortlisted bidders, the results from the “winners” are disappointing. Why is this so?

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PEB, which had RM70.3 million cash as at end-September 2020, became a cash company in May 2018 after selling TRIplc to Puncak Niaga Holdings Bhd for RM210 million cash, of which RM134.8 million was paid to shareholders as special dividend. If completed, PEB would have approximately 418MWp capacity of solar assets across four sites in Kedah, Pahang and Perlis.

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