Is Alternus Clean Energy, Inc. (ALCE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3947172.4% / 30% | 22206.9% / 30% | 47862.1% / 30% | 768.49% / 5% | ✗ NOT HALAL |
| DJIM | 3947172.4% / 33% | 22206.9% / 33% | 47862.1% / 33% | 768.49% / 5% | ✗ NOT HALAL |
| MSCI | 370.4% / 33% | 2.1% / 33% | 4.5% / 33% | 768.49% / 5% | ✗ NOT HALAL |
| S&P | 3947172.4% / 33% | 22206.9% / 33% | 47862.1% / 33% | 768.49% / 5% | ✗ NOT HALAL |
| FTSE | 370.4% / 33% | 2.1% / 33% | 4.5% / 50% | 768.49% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -53.2% | |
| Operating Margin | -9925.0% | |
| Net Margin | 31893.5% | |
| Return on Assets (ROA) | -16.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $92M |
| Free Cash Flow | $91M |
| Total Debt | $29M |
| Current Ratio | 0.0 |
| Total Assets | $8M |
Price & Trading
| Last Close | $0.00 |
| 50-Day MA | $0.00 |
| 200-Day MA | $1.20 |
| Avg Volume | 28 |
| Beta | -0.9 |
|
52-Week Range
$0.00
| |
About Alternus Clean Energy, Inc. (ALCE)
Alternus Clean Energy Inc. operates as a renewable energy company. It focuses on utility-scale projects, such as utility solar parks, microgrids, and battery storage to deliver clean energy across Europe and the United States. The company is based in New York City, New York.
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Frequently Asked Questions
Is Alternus Clean Energy, Inc. (ALCE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Alternus Clean Energy, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Alternus Clean Energy, Inc.'s debt ratio?
Alternus Clean Energy, Inc.'s debt ratio is 3947172.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 370.4%.
What are Alternus Clean Energy, Inc.'s key financial metrics?
Alternus Clean Energy, Inc. has a market capitalization of $725, trailing P/E ratio of 0.0, and revenue of $311,000. The company maintains a gross margin of -53.2% and a net margin of 31893.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.