Gorilla Technology Shares at 52-Week High on $1.8 Billion Deal

Dow Jones

Mar 03, 2025

By Dean Seal

Shares of Gorilla Technology Group hit a 52-week high after the company signed a $1.8 billion deal to lead energy digitization and infrastructure overhauls in Thailand.

The stock jumped 28% to a high of $38.88 in early trading. Shares were trading at around $8.84 this time a year ago.

The software company said before the opening bell that it will lead a 15-year initiative to reshape Thailand's electricity ecosystem and modernize power distribution.

The initiative is designed to scale progressively, and revenue is expected to scale as well, with a ramp up in 2026 and 2027 as full operations begin.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

March 03, 2025 10:26 ET (15:26 GMT)

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Shares were trading at around $8.84 this time a year ago. \n\n\n  The software company said before the opening bell that it will lead a 15-year initiative to reshape Thailand's electricity ecosystem and modernize power distribution. \n\n\n  The initiative is designed to scale progressively, and revenue is expected to scale as well, with a ramp up in 2026 and 2027 as full operations begin. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 03, 2025 10:26 ET (15:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}