Shares of Gunkul Engineering have climbed 160% over the past 12 months, driven by the company's strategic pivot toward powering the rapidly expanding data center sector in Southeast Asia.
The Thai renewable energy producer has successfully positioned itself to capture the surging electricity demand from hyperscale facilities, a trend reshaping the regional power market.
The stock's performance has been significant enough to return chairman Gunkul Dhumrongpiyawut to the Forbes list of wealthy individuals, ending a three-year hiatus.
This resurgence highlights the financial upside for energy firms that can secure long-term power purchase agreements with tech giants building out digital infrastructure in Thailand and neighboring markets.
The broader context reflects a regional shift where data centers are becoming major drivers of energy consumption.
Similar dynamics are visible in Malaysia, where the data center sector's rapid expansion is generating high-skilled employment and substantial economic activity.