Is FTC Solar, Inc. (FTCI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 17.1% / 30% | 18.1% / 30% | 63.9% / 30% | 10.08% / 5% | ✗ NOT HALAL |
| DJIM | 17.1% / 33% | 18.1% / 33% | 63.9% / 33% | 10.08% / 5% | ✗ NOT HALAL |
| MSCI | 11.8% / 33% | 12.5% / 33% | 44.2% / 33% | 10.08% / 5% | ✗ NOT HALAL |
| S&P | 17.1% / 33% | 18.1% / 33% | 63.9% / 33% | 10.08% / 5% | ✗ NOT HALAL |
| FTSE | 11.8% / 33% | 12.5% / 33% | 44.2% / 50% | 10.08% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -0.8% | |
| Operating Margin | -16.7% | |
| Net Margin | -79.8% | |
| Return on Assets (ROA) | -21.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$35M |
| Free Cash Flow | -$36M |
| Total Debt | $11M |
| Current Ratio | 1.4 |
| Total Assets | $90M |
Price & Trading
| Last Close | $4.32 |
| 50-Day MA | $7.89 |
| 200-Day MA | $7.62 |
| Avg Volume | 113K |
| Beta | 1.5 |
|
52-Week Range
$2.13
| |
About FTC Solar, Inc. (FTCI)
FTC Solar, Inc. engages in the manufacture and service of solar tracker systems in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company provides a two modules-in-portrait solar tracker system under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. It offers trackers and software solutions for the utility-scale solar energy markets, as well as project developers, solar asset owners, and engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.
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Frequently Asked Questions
Is FTC Solar, Inc. (FTCI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FTC Solar, 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 FTC Solar, Inc.'s debt ratio?
FTC Solar, Inc.'s debt ratio is 17.1% 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 11.8%.
What are FTC Solar, Inc.'s key financial metrics?
FTC Solar, Inc. has a market capitalization of $63M. The company maintains a gross margin of -0.8% and a net margin of -79.8%.
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.